CentralNIC buys Team Internet AG

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CentralNIC has bought the direct navigation internet company Team Internet AG at $ 48 Million.

The $ 48 Million consists of $ 45 Million cash ($ 3 Million of which is deferred) and $ 3 Million in share consideration.

Munich based Team Internet- a subsidiary of advertising technology provider Matomy Media, monetizes over 20 Million domains. The company has two divisions: ParkingCrew and Tonic.

ParkingCrew is a domain parking service platform while Tonic is an easy-to-use self-service platform to buy and sell traffic. Team Internet generated $ 66.7 Million of revenue and $ 10.6 Million of adjusted earnings before interest, tax, depreciation and amortisation in the 12 months (May 2018-June 2019).

The new acquisition brings new horizons to CentralNIC with the shining prospects of domain related web services and zero click market.

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Professor

The opinions expressed here represent my own and not those of my employer. In addition, my thoughts and opinions change from time to time I consider this a necessary consequence of having an open mind.

My posts on Domain Magazine are intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today.