Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZ Domain Registrar ‘iwantmyname’ acquired by CentralNic

NZ Domain Registrar ‘iwantmyname’ acquired by CentralNic Group Plc for 5.2Mil NZD

Thursday 8 August 2019 - New Zealand company iwantmyname (ideegeo Group LTD), an internet domain management service, has been acquired by UK headquartered international company CentralNic Group Plc for 5.2mil NZD.

CentralNic Group, based in the United Kingdom, has acquired the entire share capital of ideegeo (trading name ‘iwantmyname’), a privately-owned domain name retailer registered in New Zealand, serving an international customer base.

Co-founded in July 2008 by Paul Spence, Lenz Gschwendtner and Timo Reitnauer, and originally headquartered in Wellington, iwantmyname has grown to have around 80,000 customers and 180,000 domain names under management.

The three co-founders started the company from Island Bay in July 2008, initially working out of their living rooms. It took just over three months from writing the first lines of code in August to taking their first order in November 2008.

“We saw an opportunity in the market for a simple offering that does one thing well and that's domain name management. We bootstrapped the company without any outside funding, but just a lot of blood, sweat, and tears,” says co-founder Timo Reitnauer.

As entrepreneurs, the founders are active in Startup communities throughout New Zealand, supporting and mentoring aspiring entrepreneurs with their technical and business knowledge.

“Much of our success has been attributable to building a solid community base around our product, whilst delivering the highest levels of customer support through our wonderful and dedicated team,” “says Paul Spence.

iwantmyname has grown to be an international team of 11 across New Zealand, Canada, USA, Germany, and Sweden, and over the years the company has managed to create a gender pay gap of zero and enable a remote working culture. iwantmyname founders say the current team members will not only keep their jobs but find more career opportunities for themselves within the larger group.

Co-founder Timo Reitnauer will stay on as a product manager in the retail team planning and overseeing customer engagement strategy and execution.

“We brought positive change to an industry that didn't have a very good reputation 10 years ago. We started in New Zealand, but we always saw ourselves more as an international company from day one, which is not only reflected in our customer base but also the team, who work remotely around the globe. We believe CentralNic were impressed with our team and their knowledge to improve their retail products, a stable recurring revenue stream and the company’s growth opportunities,” says Lenz Gschwendtner.

The founders started reaching out to potential buyers at the end of 2018. There were several interested parties, Timo Reitnauer says CentralNic’s offer was best for the team and customers.

“For our customers, that means everything you love about iwantmyname will stay as is for now. We will continue to strive to provide the best user experience of any domain retailer, but with the support and resources of CentralNic, the fastest-growing company in the industry, behind it,” says co-founder Timo Reitnauer.

ENDS.

About iwantmyname

iwantmyname is a privately held NZ domain management service founded by Paul Spence, Lenz Gschwendtner and Timo Reitnauer in 2008, offering domain registration and DNS hosting.

Headquartered in NZ, iwantmyname services over 80,000 customers and has 180,000 domain names under management. iwantmyname has a team of 11 remote workers across New Zealand, Canada, USA, Germany, and Sweden.

www.iwantmyname.com

About CentralNic Group

One of the world's pioneering registry service providers, CentralNic Ltd (a wholly-owned subsidiary of CentralNic Group PLC) provides registry services, distribution, and strategic consultancy for new TLDs, ccTLDs and SLDs.

CentralNic uses its in-house developed IT platforms to distribute its portfolio of popular domains to a global network of over 1,500 registrars (retailers such as GoDaddy LLC), which sell these to end users. Further, CentralNic provides consultancy services to companies seeking to create their own domains.

CentralNic's powerful registry engine has more than 20 years' track record of uninterrupted service, and it is supported by innovative marketing and personal customer service. CentralNic's flexible and scalable platform is above ICANN specification for new TLDs.

CentralNic operates from its headquarters in London. CentralNic also has on-the-ground account executives in Los Angeles, Abu Dhabi, and Beijing.

https://www.centralnic.com/


ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tiwai Point: Rio Tinto Announces Plans To Close Tiwai Point Smelter

Rio Tinto has just announced that it will wind down New Zealand Aluminium Smelters - the Tiwai Point smelter - saying the business is no longer viable. More>>

ALSO:

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: