CentralNic is paying $7.6 million for Intellectual Property Management Company, Inc.
CentralNic (London: CNIC) has acquired Intellectual Property Management Company, Inc. (IPM), a corporate domain manager.
According to IPM’s website, it is a joint venture with the United Internet Group of Companies. That’s the company that owns IONOS, InterNetX, and Sedo.
The website lists OceanSpray, Rogers Corporation, and Guitar Center among its clients. It does not list any employees, but LinkedIn shows the company is run by Albert and Darren Simpson.
CentralNic is paying $7.6 million cash for the company. That’s about 7 times IPM’s 2021 Adjusted EBITDA, and 2.8 times its 2021 revenue.
The business will be integrated into the enterprise channel within CentralNic’s Online Presence segment.
CentralNic is a rollup of domain name and online advertising businesses. Over the past couple of years, it has focused on acquiring advertising businesses rather than domain companies, so this is a bit of a departure for the company.