Business
Acquisition of SafeBrands
Acquisition of SafeBrands.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3671L\n CentralNic Group PLC\n 12 January 2021\n \n \n \n \n 12 January 2021\n \n \n CentralNic Group plc\n \n \n (\"CentralNic\" or the \"Company\")\n \n \n \n \n \n Acquisition of online brand protection software company SafeBrands\n \n \n and\n \n \n Strengthening of its Enterprise division\n \n \n \n \n \n CentralNic Group PLC (AIM: CNIC), the global internet platform that derives revenue from the worldwide sales of internet domain names and related web services, is pleased to announce it has acquired SafeBrands, a leading online brand protection software provider and corporate internet services provider.\n \n \n \n \n \n Acquisition of SafeBrands\n \n \n On 9 January 2021, CentralNic acquired SafeBrands, a France-based award-winning innovator and technology pioneer for a total cash consideration of up to EUR 3.6m ($4.4m), representing 0.9x its FY2019 revenue. SafeBrands operated at approximately breakeven in FY2019. Out of the total consideration, EUR 3m ($3.7m) was paid upfront with the remaining EUR 0.6m ($0.7m) to be paid subject to SafeBrands having met agreed FY20 financial objectives. \n \n \n \n \n \n SafeBrands is a leading French corporate registrar, with a stable and growing base of clients, including some of the leading French brands. It offers registration management for all Top-Level Domains and a wide range of Value Added Services for domain management and brand protection, including secure hosting, DNS optimisation and SSL management. SafeBrands' talented R&D team has a history of innovation and has developed cutting-edge proprietary monitoring solutions used by global brands to find and take action against fraud and counterfeits. Its multi-language SaaS platform analyses millions of relevant results every day, backed up by an extensive team of IP experts. SafeBrands is therefore ideally positioned to take advantage of the brand protection, DNS and Hosting markets which are all growing rapidly as COVID has accelerated the digitization of business.\n \n \n \n \n \n SafeBrands' online brand protection products and expertise have, to date, been available to companies based in French-speaking markets. CentralNic plans to offer these services, which help businesses protect their revenue streams in digital channels, through it...