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CentralNic Group Acquisition will more than double revenues

CentralNic Group (LON:CNIC) Chief Executive Officer Ben Crawford chats to DirectorsTalk about it’s latest acquisition of Team Internet for $45m. Ben explains what Team Internet does and how it fits in with the group, visibility over earnings, whats next for the company and with the latest trading update at the high end of expectations what drove the good results.

CentralNic Group is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands online. Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms.

CentralNic operates globally with customers in almost every country in the world. It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.