Tucows acquires another reseller registrar.
Tucows (NASDAQ: TCX) has acquired reseller registrar Ascio Technologies from CSC for $29.44 million.
Ascio has 1.8 million domains under management and 500 active resellers. Compared to Enom, which Tucows acquired two years ago, Ascio has fewer but bigger resellers.
By selling Ascio, CSC it focusing on its brand management registrar.
Ascio has a strong presence in Europe with a headquarters in Denmark and office in Germany. It’s also known for carrying lots of country code top level domains, which will help Tucows expand the number of TLDs available.
According to the release, Ascio had approximately $4 million in annual EBITDA. Tucows had already included the Ascio contribution in the latest financial guidance it provided last month.
Tucows says it expects cost synergies in the deal and this makes sense. The company is already rebuilding its platform to run both Enom and OpenSRS, Tucows’ other reseller registrar.