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Domain registrar Tucows Inc. reaches milestone 10,000,000 domains under management
Mar 30, 2010 (04:03 PM EDT)
TORONTO, March 30 /PRNewswire-FirstCall/ - Tucows Inc. (NYSE AMEX:TCX, TSX:TC) today celebrated a significant milestone, surpassing 10 million domain names under management.
The rise to 10 million was led by Tucows' wholesale services group, OpenSRS. OpenSRS provides domain name registration services through a reseller network of over 10,000 web hosting companies, ISPs, Internet consultants, and other service providers in over 100 countries.
"We owe a lot to our network of resellers who helped us get to this 10 million name milestone," said Dave Woroch, EVP of Sales, Tucows Inc. "Over the past ten years, we've been focused on ensuring their success so that they, in turn, can focus on their customers' success. Our approach has clearly paid dividends for everyone involved."
Leveraging its large and diverse channel of resellers, and more importantly, the close relationships those resellers have with millions of Internet users, OpenSRS has eclipsed well known retail registrars such as Network Solutions, 1&1 and Register.com. In fact, the "10 Million Club" includes only three members, Tucows, Enom and GoDaddy.
"Domain registrations are the foundation of our business and our reseller network gives us incredible reach worldwide," explained Tucows CEO Elliot Noss. "Thanks to our wholesale model, we are able to tap into both growth markets, and also established segments that deliver consistent growth over the long-term."
Mitch Haber, VP of Product Management at The Endurance International Group, an OpenSRS reseller, offered his congratulations. "OpenSRS is a true partner. Their platform is solid and their support team is among the best in the industry. They have played a key role in our success and we look forward to working with them toward the next 10 million domains under management."
The more than 10 million domain names under management includes domain names managed under Tucows' ICANN accreditation, as well as names Tucows manages for other registrars under their own accreditations.
Tucows is a global Internet services company. OpenSRS manages over ten million domain names and millions of email boxes through a reseller network of over 10,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. YummyNames owns premium domain names that generate revenue through advertising or resale. Butterscotch.com is an online video network building on the foundation of Tucows.com. More information can be found at http://tucowsinc.com.
This news release contains, in addition to historical information, forward-looking statements related to such matters as our business, including the price per share at which Tucows will purchase shares and the level of under subscription. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.
TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.
SOURCE Tucows Inc.