Deal was part of partnership to chase expired domain names.
In April, NameJet and SnapNames announced a partnership to combine forces to go after pending delete domain names.
NameJet is a 50/50 partnership between Rightside and Web.com, while SnapNames is 100% owned by Web.com.
As part of the partnership, Rightside sold its dropcatching registrar accreditations (mostly under its eNom umbrella) to Web.com.
In Web.com’s latest quarterly report filed with the SEC, the company reveals that it paid $1.3 million to acquire the accreditations. Although it doesn’t list the number of registrars, I count nearly 100 registrars that were once in Rightside’s stable (under eNom) that now show Web.com’s Network Solutions as a contact.
Rightside’s 10-Q filing shows a $1.1 million gain from the sale of these registrar accreditations.
Namejet has gone from being a premier drop catching platform to now being a platform filled with reserve auctions which a big number never hit reserve. Disappointing.
Maybe it’s because I no longer run their drop-catching code? 🙂
That is $13k a piece. That is a high price considering the quantity purchased.
I guess Enom is leaving the catching business to SN.
Too bad Web.com didn’t invest that $1.3M into their existing registrar, Network Solutions, so that one day it might be a semi usable platform that doesn’t make people want to rip their hair out. Instead they were greedy and forced a bunch of people who were happy housing their domains at eNom over to NetSol where they can continue to have the worst user experience ever. Now I just have more domains that i have to transfer out of NetSol.
well said. i cant believe there is still a registrar that mail auth code after 3 days in this era!
I believe the original registrar (enom) will remain with rightside.
It only effects the domains in the registrars used for catching.
And, I believe when a domain caught by the catching domains came up for renewal it was switched over to the original registrar – enom.
So, I guess Netsol will do the same thing but the domain will be moved over to Netsol when it comes up for renewal.
Does anyone know?