CentralNic Group Acquires Hexonet

 

 

The CentralNic Group announced another acquisition on Monday, with the domain name registry and registrar group announcing it has entered into a conditional agreement to acquire the German/Canadian Hexonet for up to €10 million.

It’s CentralNic’s fourth acquisition in the past 12 months. It is the next step in CentralNic’s strategy to rapidly consolidate the global recurring revenue domain name industry. The Group announced in May its acquisition of TPP Wholesale, Australasia’s leading domain name and hosting reseller platform business.

Hexonet has more than a thousand resellers in over 110 countries. It manages over 3.8 million domains on its proprietary software platforms. The acquisition will increase by about 28% the number of domains under management on CentralNic’s reseller platforms.

CentralNic in their announcement state they will provide Hexonet customers with continuity of service, while also upgrading the service with new products, with Hexonet’s CEO and CMO remaining with the business under CentralNic ownership. CentralNic will integrate the innovative technical features, its web apps suite and dropcatching capabilities of the Hexonet platform with those of its own Key-Systems platform, to create an augmented domain platform and service offering, to be released in 2020.

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