NetRegistry acquires PlanetDomain

NetRegistry Pty Ltd. has acquired the assets of PlanetDomain from Primus Telecommunications Inc. for more than A$8 million (US$6.3 million).

The acquisition was funded with cash and debt.

PlanetDomain is a top five Australian domain name and Web hosting company serving over 100,000 domestic and international SMEs, while NetRegistry is the second largest Australian hosting company with more than 150,000 SME customers.

Announcing the acquisition, NetRegistry CEO Larry Bloch said PlanetDomain will continue to be managed by its current staff in Melbourne, with no job losses.

"NetRegistry now dominates the Australian market in domain name registrations, with 27 percent market share for 2006," Bloch said.

"This acquisition leverages NetRegistry's world-renowned clustered infrastructure for small business application hosting, which will be used to expand the range of services available to PlanetDomain customers to include offerings in high growth online marketing and advanced hosting services."