CentralNic purchases Latin American domain name registrar

Modest buyout will serve as a base for expansion in Latin America.

CentralNic (AIM: CNIC) has purchased the assets of NameAction Inc., a modest domain name registrar based in Chile.

The deal was for approximately $1 million. NameAction will contribute regarding $2 million in recurring revenue and $0.2 million in adjusted EBITDA starting next year.

CentralNic states that, although the deal is modest, it will serve as a launchpad for the firm in Latin America. Ben Crawford, CEO of CentralNic, stated:

While this buyout is relatively modest, it will be immediately earnings accretive and of strategic importance. NameAction is one of the best-known brands in the Latin American domain name industry, and their experienced staff represent an ideal team of experts to form a base for CentralNic’s expansion in the region, across our many products and channels.