LONDON (Alliance News) - CentralNic PLC said Tuesday that it had inked an agreement with Domain Venture Partners to act as a registry service provider for Domain Venture Partners' investment fund DVP II.
Under the agreement CentralNic's platform will be used to buy new web addresses using top-level domain registries owned by the investment trust.
A top level domain name is the suffix of an internet address such as .com or .net which are designated to approved organisations by the Internet Corporation for Assigned Names and Numbers.
Up until now, ICAAN only allowed a small number of domains such as .com, .org and .gov. However, a change in rules means that a slew of new domain names can be launched.
Domain Venture Partners created DVP II to acquire new top-level domain registries that are becoming available. Domain Venture Partners has invested in 60 companies that applied for licenses for these new domains, CentralNic said.
Last Monday CentralNic appointed Glenn Hayward as its new financial officer. Hayward joined CentralNic from Nominet, the company responsible for the .uk internet domain.
Shares in CentralNic were trading down 0.6% at 82.00 pence Tuesday morning.
By Hana Stewart-Smith; email@example.com; @HanaSSAllNews
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