Deal adds some certainty to Rightside’s future revenue.
After frequent short-term extensions, Rightside’s eNom and reseller NameCheap have signed a longer term reseller
Many people are surprised to learn that NameCheap, which manages millions of domain names, is actually a reseller. It’s an important one to Rightside; NameCheap represents 26% of its domains under management.
The new deal is through December 31, 2018 and will automatically renew for an additional three year term unless either party provides notice of non-renewal at least 30 days prior to the automatic renewal date.
Although the deal is for several years, it sounds like the companies might need to negotiate again next year. The contract requires NameCheap to exclusively sell certain enumerated domain name registration services on eNom’s platform through at least December 31, 2016. That leaves a two year gap.
More details about what this means will be available when a redacted copy of the agreement is filed with Rightside’s next 10-Q.
Rightside also extended the duration of a loan it made to NameCheap until the end of this year.