Namesco bought by Dada

Founded in 1996, Namesco is now the fourth largest provider in the UK of domain names and hosting services and among the top 50 worldwide (source: Netcraft Company Analysis, January 2007). Based in Worcester and with offices in London, Namesco employs 60 highly qualified professionals and manages roughly 265,000 domains.

Already a major player in both Italy and Spain in Internet and domain & hosting, Dada is moving forward to strengthen its leadership in the European market with an eye toward continued international expansion.

“Following the acquisition of the Spanish company Nominalia in August 2006, Dada’s purchase of Namesco is part of Dada Group’s expansion strategy, indicating Dada’s priority in strengthening its presence in the professional online services business” commented Paolo Barberis, Chairman of Dada. “The investments in the domain and hosting sector which is represented by the Dada.pro division and already characterized by a solid international customer base, will allow Dada to further expand its offer towards more and more advanced services for companies and professionals online presence in a Web 2.0 perspective”.

In the first quarter of 2007 the Dada.pro division (made up of Register.it, nominalia and Namesco) headed by Claudio Corbetta recorded a turnover of 3.9 million euros (equal to 11% of consolidated revenues for the Dada Group), an EBITDA of 1.1 million and an EBIT of 840,000. With the acquisition of Namesco the total number of clients in the Dada.pro division rises to 200,000 while domains grow to over 700,000, of which over 60% are international.

Kevin Savage, Managing Director and Jason Smith, Operations Director will continue to run Namesco – now the UK division of Dada.pro with a view to expansion through increased marketing initiatives and through acquisitions. All operations of Namesco including staffing remain wholly unaffected and it’s business as usual.

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