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August 27, 2012

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

People & Companies in the News: Directi's Divyank Turakhia, Sedo, IDN Newsletter and DNS.com

Directi Co-Founder Divyank Turakhia, who was featured in our September 2008 Cover Story, continues to build a reputation as one of the world's brightest young businessmen. The 28-year-old entrepreneur, who is based in Mumbai, India, started programming computers when he was 8 years old and he was a millionaire by the time he was 18! 

Divyank and his brother Bhavin founded Directi in 1998 and since then they have grown it into a company with a valuation of over $300 million, approximately 600 employees and over 2 million customers around the globe. Despite his phenomenal success, Divyank has kept his feet solidly on the ground and he is one of the nicest people you will ever meet. 

In view of all of that it is no surprise that Divyank caught the eye of Bloomberg's UTV Network in India and they recently aired an inspiring 22-minute video profile about Divyank that I highly recommend watching. 

Divyank Turakhia
Directi Co-Founder

On another front, Sedo reported a record number of domain sales in a Q1 2010 Domain Market Study (.pdf file) that they released this week. The company said that nearly 12,000 domains changed hands via the Sedo marketplace during the quarter, accounting for more than $23 million in transactions. This marked Sedo’s best quarter for domain sales since 2008 and represents a 36% jump in dollar value vs. the same quarter a year ago and an 18.6% increase in the number of sales compared to the previous quarter - Q4 2009.

During the quarter, Sedo said it witnessed a surge in both generic gTLD and ccTLD (country code) domains, including several blockbuster sales like Poker.org for $1 million, Credit.fr for €587,500 and Pilot.com for $300,000. The Sedo report said, "Overall, the strong 

growth in the domain name market this quarter can be attributed to an increase in marketing spend among larger corporations, as well as the introduction of one and two-character domains and IDN domains that use non-Roman scripts."

The .com extension remained the most popular gTLD at Sedo, accounting for 76% of gTLD domains sold. The average price of a .com domain was $2,373. Among ccTLDs, Germany's .de extension was the frontrunner accounting for 38% percent of ccTLDs sold. The European Union's .eu extension moved into second place at 36%, a surge that Sedo said can be attributed to the launch of new IDN domains under .eu in Q4 2009 and the beginning of Q1 2010.

Congratulations are also in order today to IDNNewsletter.com who Register.com has chosen to broker a select portion of their vault full of premium IDN domains.  IDNNewsletter is run by Gary Males and Aaron Krawitz, the duo who also founded IDNTools, IDNBlog and IDNDemystified.

Krawitz said "it is an honor to have been given access to Register.com's IDN vault, and we doubled our efforts, hiring multiple sets of native speakers and consulting with our colleagues as we vetted and priced these names."  Males added, "IDNNewsletter is serious about catering to our many newsletter subscribers and there are some tremendous bargains that you will be seeing in the coming weeks." 

Among the names that will be up for sale are ラブ.com ("Love" in Japanese) and כיף.com ("Fun" in Hebrew"). The IDNNewsletter / Register.com launch is planned for the first week of May and will be exclusively going out to IDNNewsletter subscribers.

In closing today, I want to send a belated shout out to Daniel Kimball and Sean Stafford of managed DNS provider Comwired.com, who while I was away covering the GeoDomain Expo last week, announced that they had acquired the industry's category-defining domain name, DNS.com, in a private transaction. 

With this great domain in hand, Kimball, the company's CEO, also announced the launch of the company's most advanced hosted DNS solutions at DNS.com where a new website details pricing and plans targeting the enterprise market. 

Kimball said, "This opportunity was the next step in solidifying our position in the DNS marketplace while also giving clients a peace of mind that they are being supported by a highly-robust, and economically practical DNS solution. Like many of our customers, we pride ourselves on being a technology and service-oriented business. The DNS.com domain is a powerful asset which will help expand our online community through increased name recognition and memorability." 

Again proving the power of a great generic domain, Kimball added that the DNS.com name has provided the company with a 700% increase in the online audience for the company's DNS service. Having built the first enterprise-class DNS network with local geo-

Daniel Kimball & Sean Stafford
Comwired Inc./DNS.com

aware capabilities, Comwired Inc. serves websites that require maximum protection against DNS-based online attacks and other forms of downtime. In addition to selling directly to businesses and consumers, the company offers its hosted DNS services via resellers including web hosting companies and domain name registrars.

I've gotten to know Daniel and Sean well over the years and have a great deal of respect for both of them both personally and professionally. If you are in the market for DNS services you won't find more reliable people to work with. 

(Posted May 6, 2010) 

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