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December 03, 2018

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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.

Web.com Acquires Tucows Interest in NameJet - Now Has Sole Ownership of NameJet & SnapNames

Web.com Group, Inc. has acquired all remaining interest in the domain name drop catching and aftermarket sales platform, NameJet, LLC, from its former partner in the business, Tucows, Inc. The transaction, announced today, gives Web.com sole ownership of two of the top platforms in the domain aftermarket. The company already owned SnapNames Web.com, LLC, a pioneer in the drop catching and domain sales space.

Today's press release noted, "NameJet launched in 2007 as a joint venture between eNom, Inc.,  now a subsidiary of Tucows, and Web.com subsidiary, Network Solutions, LLC.

Like SnapNames, NameJet has exclusive partnerships with top domain name registrars across the globe and helps domain professionals, businesses and individuals acquire valuable domain names, including those that have recently expired."

Web.com CEO & President David L. Brown said, “This move to complete ownership aligns with our goal of nurturing our core domain business, supporting and anticipating the diverse needs of our customers, and driving new opportunities for innovation and growth." Web.com Aftermarket VP Michael White added, "We welcome the NameJet team to the Web.com family and are excited to leverage their thought leadership and expertise as we continue to invest in the aftermarket industry. 

David Woorch, Domains Executive Vice President for Tucows, said, "Web.com has been a great partner and we look forward to working with and leveraging their aftermarket expertise in the future.

(Posted December 3, 2018)

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