Mergers and Acquistions News
Categories: IT Services & Consulting
August 25th 2009, 14:45PM
Top Level Domain Holdings (TLDH) has announced the completion of a merger with leading registry services provider Minds + Machines, following news from TLDH that the firm had raised £2.5 million in a private placement.
The merger is part of TLDH's strategy to invest in new top-level web domains and the infrastructure technology required to operate them: currently the firm has roughly $7 million (£4.3 million) on hand to invest in potentially lucrative domains.
"With Minds + Machines backing our portfolio investments in new top-level domains with world-class registry services, we are extremely cost-efficient and scalable," commented Fred Krueger, chairman of TLDH.
The company is already a significant investor in a number of high-profile applications for web addresses, including the .eco and .nyc top-level domains.
Last month TLDH announced the formation of Minds + Machines Italia, a joint venture with Massimo Ralli and the people behind DotRoma, which will serve as an exclusive partner for the Italian market.
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