eNom, Inc. Purchased by Group Led by Former MySpace.com Chairman

[Razvan]

Leading Domain Name Registrar eNom, Inc. Purchased by Group Led by Former MySpace.com Chairman Richard Rosenblatt; Paul Stahura Named President and COO of Demand Media, Inc.


BELLEVUE, Wash.--(BUSINESS WIRE)--May 1, 2006--eNom, Inc. (www.enom.com), one of the world's largest Internet domain name registrars, announced that it has been acquired by Demand Media, Inc., a new company headed by former MySpace.com chairman, and former CEO of Intermix Media, Richard Rosenblatt. Los Angeles-based Demand Media will broaden eNom's offerings by developing proprietary content tools and technologies, as well as new online advertising opportunities for eNom's clients.



With the acquisition, Paul Stahura, eNom founder and CEO, becomes president and chief operating officer of Demand Media. Terms of the private sale were not disclosed.

"For eNom's valued network of resellers and retail customers, the acquisition represents no changes to existing relationships," assured Stahura. "We will continue to offer domain name and related services under the eNom brand, which is one of the strongest in the domain-name business. eNom's resellers can be confident that the company will continue to build and enhance its infrastructure, enabling eNom to offer an even more robust suite of services."

"Media companies and advertising networks are now recognizing the central role a domain name plays in bringing users to Internet properties," added Stahura. "The added capital from Demand Media will accelerate our commitment to grow our business as an ICANN-accredited domain name registrar and provider of high-quality value added services."

Demand Media, Inc's Chairman and CEO Richard Rosenblatt, described by the Wall Street Journal as a "serial Internet entrepreneur," ran MySpace.com's parent company, Intermix Media Inc., and negotiated its sale to News Corp. for more than $650 million last year. Richard was also the founding investor and vice-chairman of Great Domains, as well as Chairman and CEO of iMALL, Inc. In addition to eNom, Inc., Demand Media, Inc. also purchased San Francisco-based eHow Inc., which provides niche content for websites.

About eNom

eNom is an ICANN accredited company offering world-class Internet domain name services at competitive prices. In business since 1997, eNom specializes in domain name registration and related services, and is the #1 reseller registrar, according to Name Intelligence(R), with the largest and most active distribution network in the domain industry. eNom currently ranks as the third largest domain name registrar worldwide.



Source: business wire

 

[proxy]

Oh my god. Money !!!!!! It really has power.

 

[Razvan]

Yeas, money and power ..I hope NameCheap (eNom reseller) will become an ICANN registrar .. I've got all my domains at NC.

 

[DomainCat]

That's for the update here. Let's discuss this more. What's some of the advantages or disadvantages of Enom being sold and bought by this company?

And why would it be advantageous for a domain register to be ICANN associated?

 

[babydomains]

I think that whenever a company goes in new hands some changes are going to be there.

Now what kind of changes enom under goes is still to be seen. They may be better or they may be worst. Who knows.

And yeah for a domain registrar to be ICANN assiciated is like a safety thing. Bcoz ICANN takes deposit from the assiciated partner. And I think if the domain registrar vanishes in blue then ICANN can handle the remaining domains or give it to some other reigstrar to handle it. That way the users who had registered the domains would not hang in between.