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CentralNic secures ‘.ooo’ distribution contract from Indian e-commerce giant Infibeam

The AIM-listed global software platform company said the ‘.ooo’ Top Level Domain (TLD) registry business has placed Infibeam in a strong position as an affordable alternative to ‘.com’ domains

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Since its listing in September 2013, CentralNic has won contracts to distribute fifty TLDs

CentralNic Group PLC (LON:CNIC) has secured the distribution contract for the Top Level Domain (TLD) ‘.ooo’ from Indian e-commerce conglomerate, Infibeam Incorporation Limited.

The AIM-listed global software platform company said the ‘.ooo’ registry business has placed Infibeam in a strong position as an affordable alternative to ‘.com’ domains and is tailor-made for large-scale usage in existing and emerging markets.

READ: CentralNic confirms in talks on potential combination with Luxembourg-based KeyDrive; shares temporarily suspended

The company added that the '.ooo' registry would be a digital transformation tool for existing businesses to find online markets alongside allowing new business ideas to be realised.

Since its listing in September 2013, CentralNic has won contracts to distribute fifty TLDs.

Infibeam is listed on the Indian Stock Exchange and operates a business model including an online e-commerce platform, payments, logistics and digital marketing to merchants globally. The company has a market cap of over US$1bln.

Ben Crawford, CentralNic chief executive, said: "Anyone who has followed the Infibeam story from its launch only ten years ago to its current scale and growth rate could not doubt that Vishal Mehta and his team have the expertise, resources and track record of success to make .ooo a leading global domain.

"We are delighted to have been chosen as their partner for the global expansion phase of this business, as the first step towards a closer cooperation between our companies."

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Price: 76 GBX

LSE:CNIC
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Market Cap: £176.36 m
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