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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 forĀ  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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14 Comments

George Kirikos

February 1, 2012 @ 10:10 am EDT

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

Frank Michlick

February 1, 2012 @ 10:27 am EDT

@George: Nothing known about that at the moment.

Francois

February 1, 2012 @ 10:30 am EDT

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

George Kirikos

February 1, 2012 @ 10:32 am EDT

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

Tom

February 1, 2012 @ 10:46 am EDT

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

Shahram

February 1, 2012 @ 11:35 am EDT

You forgot to mention this yesterday lol

[…] The deal was first reported by DomainNameNews. […]

Frank Michlick

February 1, 2012 @ 2:56 pm EDT

@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.

Frank E

February 1, 2012 @ 3:50 pm EDT

Schilling is one lucky dude!

Certain someone

February 2, 2012 @ 11:07 am EDT

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

jayjay

February 2, 2012 @ 11:16 am EDT

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

Hal Meyer

February 4, 2012 @ 1:59 pm EDT

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.

domain flipping

April 23, 2012 @ 1:44 pm EDT

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.

svfoxhotmail

July 11, 2013 @ 10:57 pm EDT

I have enough skill I would just start my own company and drive them out of business.. Bunch of idiots imo
Sammy
http://www.scrabblecheat.com

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