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NameMedia Acquires Afternic.


Acquisition Adds 1.8 Million Domain Names to Industry's Leading Premium Resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales.


RESALE.
 Marketplace

WALTHAM Waltham (wôl`thăm, –thəm), city (1990 pop. 57,878), Middlesex co., E Mass., a suburb of Boston, on the Charles River; settled c.1634, set off from Watertown 1738, inc. as a city 1884. , Mass. -- NameMedia, the industry leader in Direct Search and Premium Domain Name Sales, today announced that is has acquired Afternic, Inc., the industry's pioneer marketplace for the resale of domain names. Afternic will join with BuyDomains, NameMedia's existing domain name marketplace, in creating the leading platform for the domain aftermarket Aftermarket

See: Secondary market.


aftermarket

See secondary market.
. Afternic enjoys a strong following in the domain name resale and service marketplace, and is recognized for superior customer service and innovative sales strategies. Afternic's Domain Name Marketplace has in excess of 1.8 million premium domains available for purchase supported by complementary products such as a domain name appraisal service, a domain purchase assistance team; secure domain name escrow escrow

Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition.
 services, and a platform for generating advertising revenue for domain owners.

"The Afternic acquisition advances our leadership position in creating an efficient marketplace for small and medium businesses to acquire domain names and insure Insure can mean:
  • To provide for financial or other mitigation if something goes wrong: see insurance or .
  • Or you may be looking for ensure or inshore.
 a compelling digital identity," said Pete Lamson, the Senior Vice President for NameMedia's marketplace business.

Roger and Michael Collins Michael Collins is the name of:
  • Michael Collins (actor), an English actor
  • Michael Collins (astronaut) (born 1930), an American astronaut who flew on Apollo 11 and Gemini 10
  • Michael Collins (author) (1924–2005), pseudonym of author Dennis Lynds
, Afternic's executive team, will remain as leaders of the Afternic business. "We are excited by our new association with NameMedia and BuyDomains," said Roger Collins, Afternic's General Manager. "NameMedia is the fastest growing and best managed company in our industry. Our combined offerings, along with planned future products and services, will offer many benefits to our shared customers".

Lamson said that NameMedia intends to maintain both the Afternic and BuyDomains brands and trading platforms. Afternic members will continue to experience the same level of service and value to which they are accustomed.

The terms of the deal were not disclosed, and Afternic will remain in its Florida Florida, state, United States
Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and
 headquarters.

About NameMedia

NameMedia is the industry leader in Direct Search and the marketplace for premium domain names. The company leverages the power of Direct Search through a proprietary publishing platform that creates revenue-generating search destinations, including the company's network of vertical online properties in over 100 categories that include travel, finance, dating, health, shopping and technology. NameMedia also has the industry's largest marketplace for buying and selling premium domain names. NameMedia is a privately-held, venture-backed, rapidly growing company headquartered outside Boston in Waltham, Massachusetts One of the early centers of the Industrial Revolution in northern America, Waltham is a city in Middlesex County, Massachusetts, United States. The population was 59,226 at the 2000 census. . For more information, visit www.namemedia.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 28, 2006
Words:376
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