Business
Radix Awards Contract for .STORE to CentralNic
Radix Awards Contract for .STORE to CentralNic.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \nRNS Number : 3134W CentralNic Group PLC 26 April 2016 \n\n \n \n\n\n\n\nPress Release\n\n\n26 April 2016\n\n\n\n\n \nCentralNic Group plc\n \n(\"CentralNic\")\n \nRadix Awards Contract for .STORE to CentralNic \n \nCentralNic Group plc (AIM:CNIC), the internet platform business which derives revenues from the global sale of domain names, is pleased to announce that its client Radix FZC (\"Radix\") has announced the launch of the new Top-Level Domain (\"TLD\") .STORE, using CentralNic as the exclusive back-end technology platform. .STORE is an alternative to traditional domain endings such as .com, .net and .co.uk, catering to the global e-commerce market. \n \nUnder this exclusive contract, domain name retailers such as GoDaddy, 1&1 and Tucows will be empowered to sell .STORE domains globally as a new alternative ending for e-commerce and other websites. CentralNic's platform obtains more sales of new TLDs than any other technical backend provider according to industry statistics website ntldstats.com.\n \nRadix is already well-established as a leader in Top-Level Domains, having already launched .website, .space, .online and .site, all of which are among the top 20 most registered new TLDs (from a total of 978 launched to date). All of these domains also exclusively use CentralNic as their technical backend partner.\n \n.STORE will be the first new TLD to cater to established brands, small businesses & start-ups that want to build an online store and join the e-commerce market. E-commerce has been a continually growing space as online retailers expand to new geographies and traditionally physical retailers enter new markets through the internet. According to the 2015 Global Retail E-Commerce Index, the global e-commerce market is expected to have grown by more than 18% in 2015 to $995 billion. Statistics provided by Domainsbot, the domain analytics expert, also show that there are currently over 1.7 million e-commerce enabled websites, of which 1.1 million are standalone e-commerce websites, and 600,000 are domains redirecting users to e-commerce sites. \n \nCentralNic CEO Ben Crawford said: \"Radix has pulled off another significant coup in obtaining the .STORE TLD and in bringing it to market a...