January 23, 2017

Tucows acquires eNom for $83.5 million

The company was bought from the Rightside Group on Friday

cloud commerce

Tucows, the Internet services and telecommunications company announced that it has signed an agreement to acquire domain name registrar and web hosting company, eNom from the Rightside Group. The transaction closed on Friday, 20th January.

Tucows, in a press release on its website announced that it will pay $83.5 million to eNom and the acquisition will be funded through an amendment increasing Tucows’ existing credit facility to a total of $140 million.

David Woroch, Executive Vice President of Domains, Tucows said:

For years, eNom and OpenSRS have been the two leading registrars primarily focused on the needs of resellers. This focus means these businesses fit very well together.

The acquisition keeps eNom resellers where they will be well understood, well valued and well served and creates tremendous value for Tucows and resellers on both sides through efficiency and scale.

Tucows said that the acquisition of eNom will add 14.5 million domains under management and 28,000 active resellers. This will give Tucows a total network of over 40,000 resellers globally and 29 million domains under management, making it the second largest domain registrar in the world.