news Money-losing NgTLD company NetNames grabbed by CSC

[carob]

NetNames has been bought by CSC Global

According to a UK Companies House filing for the year ended 2015, London-based NetNames recorded flat revenue of £53m. However, loss before tax climbed to £20.89m, up from a £19.48m loss in the previous year.

Philip Carse, analyst at Megabuyte, said when NetNames – formerly GroupNBT – went private it had a relatively unblemished track record of growth and profitability. However, he said since then corporates have simply not adopted the multitude of generic top-level domains (gTLDs) expected.

But Carse said NetNames has not been alone in its lower-than-expected domain name business, adding that many web hosters have also been hit by slower gTLD demand.

http://www.theregister.co.uk/2016/08/02/netnames_bought_by_csc/

 

[davidthornton]

NetNames has been bought by CSC Global

According to a UK Companies House filing for the year ended 2015, London-based NetNames recorded flat revenue of £53m. However, loss before tax climbed to £20.89m, up from a £19.48m loss in the previous year.

Philip Carse, analyst at Megabuyte, said when NetNames – formerly GroupNBT – went private it had a relatively unblemished track record of growth and profitability. However, he said since then corporates have simply not adopted the multitude of generic top-level domains (gTLDs) expected.

But Carse said NetNames has not been alone in its lower-than-expected domain name business, adding that many web hosters have also been hit by slower gTLD demand.

http://www.theregister.co.uk/2016/08/02/netnames_bought_by_csc/

I find the headline misleading. Netnames are a corporate registrar. Although they have been involved with new gTLDs in a number of ways, such as working with brand clients wanting their .brands, they're not an "NgTLD company".

 

[DNScholar]

I was looking which gTLDs operated by NetNames but found none. @davidthornton is correct they are digital service providers.