A rose by any other name?

Source: http://www.computescotland.com/a-rose-by-any-other-name-6533.php

Compute Scotland

CentralNic Group PLC, the internet registry service provider that derives revenues from the distribution and sale of internet domain names, successfully began trading its shares on the London Stock Exchange's AIM Market this week.

A rose by another name?

4th September 2013 — In early 2012, the Governing Body ICANN (Internet Corporation for Assigned Names and Numbers) triggered the biggest change to the internet since its inception,  opening the application process for a new round of gTLDs (globalTopLevelDomains), primarily to introduce more competition to the market and expand customer choice. This change also enable brands, corporations and governments to run their own domains.

An innovator in the domain name industry, CentralNic has exclusive global contracts to supply retailers such as GoDaddy and Web.com with domains using 30 different endings ("extensions''), including .la (such as intel.la) (such uk.com as avon.uk.com) and .us.com (such as activia.us.com).

The Company raised £7m ($10.9m USD) from its IPO with leading institutional investors Schroders Investment Management and Unicorn Asset Management joining the shareholder register. Shares were placed at 55p rose 19% to 65.5p by the end of the first day's trading, valuing the company at £38.7m ($60.2m USD). The admission to AIM and strong trading performance was picked up by the UK business press where Financial Times and The Times, named CentralNic's stock "Deal of the Day."

While already profitable and growing rapidly, CentralNic expects to benefit from a major expansion in the number of generic Top-Level Domains ("TLDs"). It has been awarded the exclusive global registry service provision contracts for 60 new TLD applications, 25 of which are already confirmed to launch, including: .college, .bar, .wiki, .xyz, .rest, .contact, .feedback, .ink, and .PID.

CentralNic's clients include leading media and entertainment businesses The Guardian and William Morris Endeavor, global 1000 companies Saudi Telecom, Etisalat, Qatar Telecom, and Kuwait Finance House, as well as entrepreneurs in the USA, Latin American, Europe and Asia. CentralNic's clients are also contenders for additional TLDs including .app, .art, .blog, .design, .gay, .golf, hotel, .law, .llc, .love, .mail, .now, .school and .style, among many others.

Commenting CEO Ben Crawford said: "We are extremely pleased to have successfully completed the IPO process. The business is in a strong position to take advantage of additional opportunities to develop our global domain distribution business, and will benefit from having new quality shareholders to support our strategy."