Adds Domain Name Retail Operations to Registrar Services
SANTA MONICA, Calif.--(BUSINESS WIRE)--Jan. 7, 2013--
Demand Media® (NYSE: DMD), a leading digital media company, today
announced the acquisition of Denver-based Name.com,
a domain name registrar known for its strong retail footprint,
award-winning customer service and creative spirit. The acquisition is
intended to expand Demand Media’s platform as it prepares for the
historic release of new Top Level Domains (TLDs) this year.
Founded in 2003, Name.com customers have registered nearly 1.5 million
domains, and use the company’s tools and services to grow their online
presence. As the second largest registrar in the World, Demand Media’s eNom
subsidiary has over 13.5 million domain names on its platform registered
by over 8,800 resellers and partners. “Name.com will provide a direct
channel for us to reach consumers and small businesses as they develop
and manage their online identities,” said Richard Rosenblatt, chairman
and CEO, Demand Media. “This becomes even more valuable as over one
thousand new domain extensions are expected to become available for
registration in the years ahead.”
In 2011, ICANN initiated the process for creating
new domain extensions as a way to increase domain name choices for
memorable or descriptive web addresses (for example,
integritymortgagesolutions.com can become integrity.mortgage or
integritymortgage.solutions) and help organize websites and information
better (for example, gwathmey-siegel.com could end in a domain extension
that maps to the nature of the business, such as .law, .architect or
.cpa). Last June, ICANN announced it had received 1,930 applications for
new TLDs that were submitted by entrepreneurs, businesses, governments
and communities around the world looking to operate a TLD registry of
their own choosing.
Demand
Media will retain the Denver-based team and the business will report
to Taryn Naidu, executive vice president, Registrar Services. “Our
strategy is to provide an end-to-end solution for all things domains --
whether you are looking to consume or distribute names and services,”
said Naidu. “Name.com brings innovation, creativity and a deep
commitment to their customers – factors which we believe are essential
in the environment of new gTLDs.”
About Demand Media
Demand Media, Inc. (NYSE: DMD) is a leading digital media company that
informs and entertains one of the internet’s largest audiences, helps
advertisers find innovative ways to engage with their customers and
enables publishers to expand their online presence. Headquartered in
Santa Monica, CA, Demand Media has offices in North America, South
America and Europe. For more information about Demand Media, please
visit www.demandmedia.com.
© 2013 Demand Media, Inc.
Cautionary Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, as amended. These forward-looking
statements involve risks and uncertainties regarding the Company's
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operating performance and results of operations, including certain
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possible future changes, and the impact such changes may have on page
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future internal rates of return on content investment and our decision
to invest in different types of content in the future; our ability to
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acquisitions; our ability to retain key customers and key personnel;
risks associated with litigation; the impact of governmental regulation;
and the effects of discontinuing or discontinued business operations.
From time to time, we may consider acquisitions or divestitures that, if
consummated, could be material. Any forward-looking statements regarding
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or divestiture is consummated during the relevant periods. If an
acquisition or divestiture were consummated, actual results could differ
materially from any forward-looking statements. More information about
potential risk factors that could affect our operating and financial
results are contained in our annual report on Form 10-K for the fiscal
year ending December 31, 2010 filed with the Securities and Exchange
Commission (http://www.sec.gov)
on March 1, 2011, and as such risk factors may be updated in our
quarterly reports on Form 10-Q filed with the Securities and Exchange
Commission, including, without limitation, information under the
captions "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations."
Furthermore, as discussed above, the Company does not intend to
revise or update the information set forth in this press release, except
as required by law, and may not provide this type of information in the
future.
Source: Demand Media, Inc.
Demand Media
Media Inquiries:
Kristen Moore
310-917-6432
kristen.moore@demandmedia.com
or
Investor
Relations Inquiries:
Julie MacMedan
310-917-6485
julie.macmedan@demandmedia.com
