Hosting firm Dreamscape Networks acquires domain name and hosting provider for $8.5 million

By on
Hosting firm Dreamscape Networks acquires domain name and hosting provider for $8.5 million

Perth-based Dreamscape Networks has acquired domain registration and web hosting business Domain Name Registrar (DNR) for $8.5 million, the hosting provider’s second acquisition this year.

Dreamscape will acquire DNR’s customers, systems and brand assets from Melbourne-based Domain Registration (Australia) Pty Ltd, which trades as Domain Registration Services.

The deal is the company’s fourth “bolt-on” acquisition in the last 16 months, most recently acquiring Gold Coast-based Quadra Hosting for $2.5 million in January, and is the fifth acquisition overall since going public in December 2016.

Dreamscape acquired Sydney-based Net Logistics in March last year, Singapore-based Vodien Group in June and Sydney-based Enetica Group in October.

“The acquisition of Domain Name Registrar allows us to further consolidate our .au domain position in the Australian market,” Dreamscape managing director Mark Evans said.

“It will also allow us to take further advantage of our existing infrastructure and the synergies of our previous Australian acquisitions.”

He added that DNR was a “very established” domain registrar and “highly respected” in the industry having been one of the first of its kind in Australia.

“We are looking forward to welcoming the DNR customer base to Dreamscape and utilising our upgraded technology platforms to enhance customer experience and product diversity for these customers,” Evans said.

Dreamscape expects DNR to bring in an estimated $2.5 million of revenue and $1.5 million EBITDA in the current financial year.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © CRN Australia. All rights reserved.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

The most over-hyped technology trend of 2019 is...
Blockchain
AI
IoT
Everything-as-a-service
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?