Radix Assumes Full Ownership of .online
02 Mars 2015 - 6:20PM
Radix, one of the leading registries in the new gTLD space, has
reached an agreement with auction partners Tucows (Nasdaq:TCX)
(TSX:TC) and Namecheap to assume full ownership and operation of
the .online TLD.
Radix has already launched some of the most recognizable new
gTLDs with .website, .host, .press and .space. With .online, they
now own the first truly generic, truly global, viable alternative
to .com.
"Online" is the most commonly used word to end domain names,
with over 550K .com domain names today ending with the word
"online." In addition, the .online extension has been amongst the
top most pre-registered names across registrars.
Tucows, the leading wholesale registrar, and Namecheap, one of
the most popular retail registration services, will both continue
to work closely with Radix as marketing and distribution partners.
The three companies represent a formidable supply chain from
registry to registrar to retailer, with the potential to deliver
.online to tens of millions of small businesses around the
world.
But Radix emerged as the party with the greatest focus on
operating a registry.
"We began this partnership and this bid process way back in
Spring 2013," explained Tucows CEO Elliot Noss. "Since then, we
have discovered a winning strategy that combines great execution on
our domains business and investment for growth on our Ting telecom
business. Namecheap, likewise, has increased its singular focus on
delivering an outstanding retail domain name experience."
Noss continued, "Meanwhile, Radix has emerged as one of the most
ambitious and capable domain name registries in the world. We still
believe that .online has huge potential as a fresh alternative to
.com. We are confident that Radix is the right company to run it
and both Tucows and Namecheap are thrilled to play our rightful
part in its success."
Radix CEO Bhavin Turakhia concluded simply, "The initial
response to new gTLDs has been fantastic and .online has far
greater potential than anything we or anyone else has launched to
date. We are delighted to call it ours."
The terms of the final agreement between the three parties is
not disclosed.
About Radix
Radix (Radix FZC), is an active participant in ICANN's process
to expand the internet naming system and introduce new, meaningful
internet addresses. Radix is Asia's largest new gTLD applicant
under this program with applications to operate 20 suffixes
including web, .music, .blog, and .shop. The company has invested
over $30 Million in securing licenses to operate these new
extensions and expects to play a large role in the global
diversification of the internet namespace.
About Tucows
Tucows is a provider of network access, domain name and other
Internet services. OpenSRS (http://opensrs.com) manages over
fourteen million domain names and millions of value-added services
through a global reseller network of over 13,000 web hosts and
ISPs. Hover (http://hover.com) is the easiest way for individuals
and small businesses to manage their domain names and email
addresses. Ting (https://ting.com) is a mobile phone service
provider dedicated to bringing clarity and control to US mobile
phone users. More information can be found on Tucows' corporate
website (http://tucows.com).
About Namecheap
Namecheap is a Los Angeles-based ICANN-accredited domain
registrar, founded in 2000 by CEO Richard Kirkendall. With over
four million domains under management and two million direct
customers, Namecheap is one of the top domain registrars and web
hosting providers in the world. For more information, visit
https://www.namecheap.com.
CONTACT: Tucows Contact:
Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com
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