Monday, May 22, 2006

Australia: Melbourne IT Buys WebCentral Group

Via Netcraft.

Domain reseller specialist Melbourne IT said today that it will acquire WebCentral Group for $61 million (about $45.7 million in U.S. dollars), combining two of Australia's most prominent Internet service providers. The deal is the latest in a flurry of acquisitions in the past month as consolidation accelerates in the web hosting and domain industries.

Melbourne IT manages domain names purchased by customers of Yahoo Small Business and Microsoft's new Office Live hosting service, along with many other hosting providers. WebCentral is Australia's largest hosting company as measured by active sites, with 25.8K sites. The deal continues a trend in which domain registrars and web hosts have expanded into one another's specialties.

More here.

posted by Fergie @ 5/22/2006 06:45:00 AM

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