CentralNic, whose software platform supports subscription-based web services, including domain names, is in talks over a potential combination with KeyDrive SA.
The company expects the transaction to complete in the second quarter of 2018, but stressed there is no certainty a deal will be reached.
The two boards believe a combination would have "strong" strategic logic and economies of scale, creating a company with "advanced" technology platforms bringing in significant recurring revenue for every major customer type within the industry.
N+1 Singer Capital Markets Ltd and Zeus Capital Ltd are acting as joint brokers, while Zeus Capital is the nominated adviser.
Since the deal would constitute a reverse takeover, CentralNic's shares will remain suspended from trading. The stock was last quoted at
