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aardvark (ard'-vark) a controversial animal with
a long probing nose used for sniffing out the facts and stimulating thought
and discussion.
NZ's leading source of Net-Industry news and commentary since 1995 |
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Melbourne IT Snaps Up Domainz
20 August 2003 In a statement released today, InternetNZ Keith Davidson announced that Australian domain name registrar Melbourne IT was the successful bidder for Domainz. The sale price is said to be NZ$2 million with settlement due on September 5th. Domainz is wholly owned by InternetNZ and was formed in April 1997 to manage the .nz registry on behalf of InternetNZ. In June 2000 InternetNZ resolved to create an open market for domain names in NZ, formed .nz Registry Services to deliver the wholesale provision of domain names, and created the Office of the Domain Name Commissioner to oversee the market. At that time Domainz became the Stabilising Registrar under an agreement expiring in September 2003 A press release issued by InternetNZ today claims: "A competitive market has now been successfully established, with more than 30 domain name registrars supplying .nz names. InternetNZ hopes that Domainz, under the ownership of Melbourne IT, will remain a strong competitor in the .nz market" Melbourne IT's CEO, Theo Hnarakis said "We see this business as an ideal fit with ours. The Domainz acquisition meets all our strict criteria - positive cash flow in the first year following acquisition, ability to contribute immediately to earnings, highly valued brand, experienced and talented staff, strong market position and good synergies with our existing business."
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