Domain Industry Showing No Signs Of A Slowdown

Initial signs, and anecdotal evidence, are that the domain name industry is so far weathering the Coronavirus (COVID-19) pandemic without too many problems. Mergers and takeovers are still happening and even though offline businesses are struggling, many appear to be taking the plunge online when they were either hesitant before or only provided minimal services. Additionally, in recent days CentralNic Group have said they haven’t experienced any disruptions and the Swedish-headquartered webhost Miss Group has announced a takeover of the Finnish Euronic.

In their COVID-19 update on Monday, CentralNic Group announced they had “not experienced interruptions in its services to customers or in its supply chain, and the Company confirms that its current trading is in line with market expectations.”

Again on Monday, the self-described “fast-growth web hosting business, Miss Group” announced their acquisition of Euronic OY, which is headquartered in Finland. Much smaller than CentralNic, the Miss Group has over 100,000 customers and as well as its headquarters in Stockholm, Sweden, has offices in the UK, USA, Canada, Mexico, Spain, Bulgaria and India. Euronic provides co-location, cloud infrastructure, web hosting and domain registration services and has a data centre in Turku, Finland, with around 12,500 customers.

“Euronic is an excellent business and we are looking forward to growing our customer base in Finland,” said Mattias Kaneteg, Miss Group founder and CEO. “This deal will accelerate our growth in this new market as part of our overall expansion plan. It’s fantastic to be welcoming Euronic to the Miss Group family and we look forward to working with our new colleagues.”

Anecdotally, the domain and web industry appear to be not suffering as the COVID-19 pandemic sweeps the world. Web companies appear to be busy. And I’ve seen companies offering services online that haven’t offered them before. Medical appointments are being pushed online, telehealth is growing, online education is booming and many services, online yoga classes for one, are online as people can’t attend classes.

One example is the Organic Veggie Box. As social distancing laws have been enacted and many Farmers’ Markets forced to shut down, the concept of Organic Veggie Box was born. Partnering with the team at Kurrawong Organics, they will provide organic produce from their sustainably run farm in Kirkconnel, NSW via a pre-order box full of produce.

Another example is The LivingRoom Yoga in Coogee, in Sydney's eastern suburbs. The yoga studio has closed and now yoga classes are provided online.

Leave a Reply

Your email address will not be published. Required fields are marked *