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02|01|2012 09:54 am EDT

Breaking: Keydrive buys Moniker & Snapnames from Oversee.net

by Frank Michlick in Categories: Registrars

According to industry sources, Keydrive S.A. will announce this morning that they have purchased Moniker & Snapnames from Oversee.net. Information about the sale has already been posted on the companies website and was also added to ICANNWiki yesterday.

KeyDrive S.A./Luxembourg includes the Key-Systems Group in St. Ingbert/Saarland (Germany), the NameDrive Group (Luxembourg/USA) as well as Moniker and SnapNames (Florida and Oregon/USA) with more than 160 employees.

After the takeover of Moniker in January 2012 the group ranks among the TOP 10 biggest ICANN registrars in 6th place; the group currently administers a total of more than 5.4 million domains.

Rumors about a potential sale of Moniker & Snapnames had been circulating for  a while. DNN expects an official announcement to be published shortly and will update this post accordingly. Keydrive was created by merging KeySystems and Namedrive.

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  • http://www.leap.com/ George Kirikos

    Very interesting scoop. Do we know the transaction price (or what it was rumoured to have been)?

    • http://i.m.fm/ Frank Michlick

      @George: Nothing known about that at the moment.

  • Francois

    WOO-HOO!!!!!!!!!!!!!!!!!!!!!!!!!!

  • http://www.leap.com/ George Kirikos

    I wonder if this transaction might imply that the Monte Cahn lawsuit will be settled?

    • http://i.m.fm/ Frank Michlick

      @George: I think that the lawsuit has been resolved, can’t imagine the transaction would have completed otherwise.

      @Shahram: It wasn’t public at that point.

  • http://www.domaining365.com Tom

    I wonder if they’ll ever pony up for keydrive.com…

  • http://Dnba.org Shahram

    You forgot to mention this yesterday lol

  • Pingback: Moniker and SnapNames join Key-Systems stable | DomainIncite - Domain Name News & Opinion

  • Frank E

    Schilling is one lucky dude!

  • Certain someone

    Is he now? They’d probably be better advised to spend the asking price for better customer service.

  • http://5i.org jayjay

    Welcoming news if they are intending to decrease snapnames auction commission fees, else I guess it’s bye bye Hitler hello Stalin!

    • http://domainflippingformula.com/ domain flipping

      that would never happen…you don’t cut your own revenue on a brand new acquisition…this isn’t like normal commerce…where lowering the price, gets you X more revenue.

  • http://halmeyer.com Hal Meyer

    Monte + Moniker = Magic

    It’s been all downhill since that formula was scrapped. Let’s hope Keydrive can get back some magic for what was a great company.

    On the bright side, Moniker escrow is still the best in the business.