Tuesday, June 20, 2006

Tucows Completes NetIdentity Buy

Tucows has completed its acquisition today of Mailbank.com (DBA NetIdentity), a Boulder, Colorado-based firm that provides sharing of web domains based on popular surnames. The purchase was worth $18M in cash and $3M in stock and promissory notes. Tucows will move the firm's operations to Toronto. NetIdentity provides e-mail hosting services that allows people to create email addresses with their own surname. Tucows is a provider of Internet services and software download services.