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NameMedia Acquires Afternic.
2006-11-29, HostMan.biz NameMedia, a marketplace for domain names, yesterday announced that is has acquired Afternic, Inc., a marketplace for the resale of domain names. According to the agreement, Afternic will join with BuyDomains, NameMedia's existing domain name marketplace, in creating a platform for the domain aftermarket. Afternic's Domain Name Marketplace has in 1.8 million domains available for purchase supported by complementary products such as a domain name appraisal service, a domain purchase assistance team, secure domain name escrow services and a platform for generating advertising revenue for domain owners. "The Afternic acquisition advances our leadership position in creating an efficient marketplace for small and medium businesses to acquire domain names and insure a compelling digital identity," said Pete Lamson, the Senior Vice President for NameMedia's marketplace business. Roger and Michael Collins, Afternic's Executive Team, will remain as leaders of the Afternic business. "We are excited by our new association with NameMedia and BuyDomains," said Roger Collins, Afternic's General Manager. |
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