Web.com and Rightside reveal deals.
Here’s some news about two publicly traded domain name companies.
Web.com has struck a deal with Okumus Fund Management, which owns about 15% of the company’s shares, to add two new members to the board of directors. John Giuliani, the former CEO of Conversant and Rick Rudman, the former CEO of Vocus will join the board. Shares in Web.com (NASDAQ: WWWW) are down about 2% today, slightly above their 52 week low.
In other news, competitor Rightside (NASDAQ: NAME) announced that it has extended its contract with reseller NameCheap and is extending the maturity date on a loan it made to the reseller.
NameCheap’s registrar agreement with Rightside business eNom is extended until June 30, 2015 and will renew annually after that. Rightside lent NameCheap $2.5 million, and the maturity date on the note was pushed back to June 30, 2015.
NameCheap is eNom’s largest customer by far, representing 23% of domains under management as of last year.
Shares in Rightside are down about 5% today.