CentralNic has announced another acquisition to its growing portfolio of online businesses, this time snapping up IPMC based in California for $7.6 Million USD, read the full story below:

CentralNic Group Plc (AIM: CNIC), the global internet platform that derives recurring revenue from marketplaces for online presence and online marketing services, is pleased to announce that it has entered into an agreement to acquire Intellectual Property Management Company, Inc. (“IPMC”), a California-based domain name management business for an enterprise value of USD 7.6m in cash, representing c.2.8x its 2021 unaudited revenue and c.7x its 2021 Adjusted EBITDA, subject to customary adjustments for net cash and working capital. The purchase price is settled from existing liquidity reserves.

IPMC provides subscription-based corporate domain management services to enterprise customers including many globally recognised brands, which are highlighted on IPMC’s website at https://ipm.domains/. On acquisition IPMC will be integrated into the enterprise channel within CentralNic’s Online Presence segment. The Company expects better coverage and increased market share in the North American market as well as synergies from streamlining procurement and operations. The acquisition will be immediately earnings accretive.

Ben Crawford, CEO of CentralNic, said: “Domain management to protect enterprise customers against cyber squatters is a strategic priority for CentralNic. IPMC has been entrusted with the protection of some of the finest brands in the world, which will now join more than 1,000 corporations and organisations that already rely on CentralNic’s domain management suite of services.”