A Canadian investment firm has entered into an agreement. It is to acquire domain name registrar NameSilo for $9.5 million plus undisclosed earnouts.
The acquirer, Brisio Innovations, is a publicly traded penny stock on the alternative Canadian Securities Exchange. It plans to spin NameSilo out as its own publicly traded company on a Canadian stock exchange after the transaction closes.
NameSilo had USD $11.1 million in annual recurring billings in 2017, up from $6.9 million in 2016. It has grown its domain names under management from approximately 745,000 domains at the beginning of 2017 to over 1.35 million today. The company boasts a customer retention rate of approximately 87%.
According to the most recent public Verisign filing with ICANN (dating to November), NameSilo had about 850,000 .com domains registered. It had close to 50,000 new .com registrations that month.
However, unlike other recent acquisitions of domain name registrars, this one does not represent industry consolidation.