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Tucows to expand domain coverage to over 200 TLDs through acquisition of EPAG
TORONTO, Aug. 2, 2011 /PRNewswire/ - Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a
global provider of domain names, email and other Internet services,
announced today that it has acquired all the shares of EPAG
Domainservices GmbH from QSC AG for approximately US$2.5 Million (EUR1.5
Million to purchase the shares and the settlement of a working capital
adjustment of EUR0.25 Million) through an all-cash transaction.
EPAG, based in Bonn, Germany, is an ICANN-accredited registrar with over
400,000 domains under management and is notable for offering over 200
Top Level Domains (TLDs). Tucows plans to continue serving EPAG
customers and resellers via existing EPAG tools and will also integrate
EPAG's domain services into its own OpenSRS wholesale domain
registration service.
"We believe combining the power of OpenSRS' 12,000 active resellers in
over 120 countries with EPAG's ability to register such a broad range
of TLDs will make OpenSRS unique in the industry," said Tucows
President & CEO Elliot Noss. "We expect that the deep expertise in
registry integration we gain from EPAG will add invaluable
bench-strength to our team as we prepare for ICANN's roll-out of new
TLDs."
This acquisition further strengthens OpenSRS' position as a leader in
wholesale domain registration and extends its commitment to providing
broad TLD coverage to its resellers. Currently OpenSRS manages 11
million domains across 33 TLDs. With this acquisition OpenSRS will now
manage over 11.5 million domain names and by the end of the year
OpenSRS resellers will have access to over 200 TLDs.
"We congratulate Tucows on their acquisition of EPAG and are confident
that this change of ownership helps to accomplish the strategic goals
of both QSC AG and EPAG", said Ingo Hattendorf, responsible for the
transaction at QSC AG.
The acquisition of EPAG adds hundreds of new German-language resellers
to the OpenSRS channel, providing Tucows access to a market to which it
had relatively little exposure previously. Dave Woroch, Tucows' EVP
Sales noted, "We are happy to welcome EPAG customers to OpenSRS and
assure them they will continue to get the same great services and
support they have come to expect from the EPAG team. Over time we look
forward to providing additional features and services that can help
EPAG customers grow their businesses."
About QSC AG
QSC AG, Cologne, is a service provider for voice and data communication,
as well as ICT services. Established in 1997, the company has been
focusing on small and mid-size business customers. QSC AG is the first
provider to operate an Open Access platform in Germany, which unites a
wide range of broadband technologies to offer national and
international site networking, including Managed Services. QSC AG
additionally supplies its customers and distribution partners with a
comprehensive product portfolio that can be modularly adapted to every
need. QSC AG was the first provider in Germany to build its own Next
Generation Network (NGN), and therefore enjoys long years of experience
in connection with IP-based telephony solutions, in particular. QSC AG
has been listed on the TecDAX index since 2004. The QSC AG group
employs a workforce of some 1,300 people.
About Tucows
Tucows is a global Internet services company. OpenSRS manages over
eleven million domain names and millions of email boxes through a
reseller network of over 11,000 web hosts and ISPs. Hover is the
easiest way for individuals and small businesses to manage their domain
names and email addresses. YummyNames owns premium domain names that
generate revenue through advertising or resale. Butterscotch.com is an
online video network building on the foundation of Tucows Downloads.
More information can be found at http://tucowsinc.com.
This release includes forward-looking statements as that term is defined in the U.S.
Private Securities Litigation Reform Act of 1995. In particular,
this release includes forward-looking statements regarding our
expectations regarding the strength and uniqueness of the combined
company.These statements are based on management's current expectations and are
subject to a number of uncertainties and risks that could cause actual
results to differ materially from those described in the
forward-looking statements, including Tucows' ability to integrate EPAG
as planned and Tucows' ability to retain EPAG employees. For other
factors that could affect these forward-looking statements, see Tucows'
Risk Factors sections of its filings with the Securities and Exchange
Commission. All forward-looking statements should be evaluated with the
understanding of their inherent uncertainty. All forward-looking
statements are based on information available to Tucows as of the date
they are made. Tucows assumes no obligation to update
any forward-looking statements, except as may be required by law.
Tucows is a registered trademark of Tucows Inc. or its subsidiaries. All
other trademarks and service marks are the properties of their
respective owners.
SOURCE Tucows Inc.
Tucows Inc.
CONTACT: For further information on QSC AG: Claudia Isringhaus
Head of Corporate Communications, QSC AG
+49 (221) 6698-235
presse@qsc.de For further information on Tucows: Lawrence Chamberlain
TMX Equicom for Tucows Inc.
+1 (416) 815-0700 ext. 257
lchamberlain@equicomgroup.com
Tucows to expand domain coverage to over 200 TLDs through acquisition of EPAG
TORONTO, Aug. 2, 2011 /PRNewswire/ - Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a
global provider of domain names, email and other Internet services,
announced today that it has acquired all the shares of EPAG
Domainservices GmbH from QSC AG for approximately US$2.5 Million (EUR1.5
Million to purchase the shares and the settlement of a working capital
adjustment of EUR0.25 Million) through an all-cash transaction.
EPAG, based in Bonn, Germany, is an ICANN-accredited registrar with over
400,000 domains under management and is notable for offering over 200
Top Level Domains (TLDs). Tucows plans to continue serving EPAG
customers and resellers via existing EPAG tools and will also integrate
EPAG's domain services into its own OpenSRS wholesale domain
registration service.
"We believe combining the power of OpenSRS' 12,000 active resellers in
over 120 countries with EPAG's ability to register such a broad range
of TLDs will make OpenSRS unique in the industry," said Tucows
President & CEO Elliot Noss. "We expect that the deep expertise in
registry integration we gain from EPAG will add invaluable
bench-strength to our team as we prepare for ICANN's roll-out of new
TLDs."
This acquisition further strengthens OpenSRS' position as a leader in
wholesale domain registration and extends its commitment to providing
broad TLD coverage to its resellers. Currently OpenSRS manages 11
million domains across 33 TLDs. With this acquisition OpenSRS will now
manage over 11.5 million domain names and by the end of the year
OpenSRS resellers will have access to over 200 TLDs.
"We congratulate Tucows on their acquisition of EPAG and are confident
that this change of ownership helps to accomplish the strategic goals
of both QSC AG and EPAG", said Ingo Hattendorf, responsible for the
transaction at QSC AG.
The acquisition of EPAG adds hundreds of new German-language resellers
to the OpenSRS channel, providing Tucows access to a market to which it
had relatively little exposure previously. Dave Woroch, Tucows' EVP
Sales noted, "We are happy to welcome EPAG customers to OpenSRS and
assure them they will continue to get the same great services and
support they have come to expect from the EPAG team. Over time we look
forward to providing additional features and services that can help
EPAG customers grow their businesses."
About QSC AG
QSC AG, Cologne, is a service provider for voice and data communication,
as well as ICT services. Established in 1997, the company has been
focusing on small and mid-size business customers. QSC AG is the first
provider to operate an Open Access platform in Germany, which unites a
wide range of broadband technologies to offer national and
international site networking, including Managed Services. QSC AG
additionally supplies its customers and distribution partners with a
comprehensive product portfolio that can be modularly adapted to every
need. QSC AG was the first provider in Germany to build its own Next
Generation Network (NGN), and therefore enjoys long years of experience
in connection with IP-based telephony solutions, in particular. QSC AG
has been listed on the TecDAX index since 2004. The QSC AG group
employs a workforce of some 1,300 people.
About Tucows
Tucows is a global Internet services company. OpenSRS manages over
eleven million domain names and millions of email boxes through a
reseller network of over 11,000 web hosts and ISPs. Hover is the
easiest way for individuals and small businesses to manage their domain
names and email addresses. YummyNames owns premium domain names that
generate revenue through advertising or resale. Butterscotch.com is an
online video network building on the foundation of Tucows Downloads.
More information can be found at http://tucowsinc.com.
This release includes forward-looking statements as that term is defined in the U.S.
Private Securities Litigation Reform Act of 1995. In particular,
this release includes forward-looking statements regarding our
expectations regarding the strength and uniqueness of the combined
company.These statements are based on management's current expectations and are
subject to a number of uncertainties and risks that could cause actual
results to differ materially from those described in the
forward-looking statements, including Tucows' ability to integrate EPAG
as planned and Tucows' ability to retain EPAG employees. For other
factors that could affect these forward-looking statements, see Tucows'
Risk Factors sections of its filings with the Securities and Exchange
Commission. All forward-looking statements should be evaluated with the
understanding of their inherent uncertainty. All forward-looking
statements are based on information available to Tucows as of the date
they are made. Tucows assumes no obligation to update
any forward-looking statements, except as may be required by law.
Tucows is a registered trademark of Tucows Inc. or its subsidiaries. All
other trademarks and service marks are the properties of their
respective owners.
SOURCE Tucows Inc.
Tucows Inc.
CONTACT: For further information on QSC AG: Claudia Isringhaus
Head of Corporate Communications, QSC AG
+49 (221) 6698-235
presse@qsc.de For further information on Tucows: Lawrence Chamberlain
TMX Equicom for Tucows Inc.
+1 (416) 815-0700 ext. 257
lchamberlain@equicomgroup.com