Press releases | Archive 2013
Hosting Community Group strikes deal to acquire domain name registrar Reggi.ru
Moscow, July 11, 2013 - RBC OJSC (MICEX-RTS: RBCM) hereby announces that Hosting Community Group has entered into a transaction to acquire a 100% stake in domain name registrar Reggi Business LLC, which provides services under the Reggi.ru brand. The transaction is expected to be closed within a month. The due diligence of the company has been finalized and a full technological, financial, and legal audit of Reggi Business LLC has been conducted. The company will become the third registrar accredited by ICANN in Hosting Community Group.
After the deal is closed, the total share of domain names serviced by Hosting Community will reach 48.6% in .ru domain, 54.6% in a Cyrillic .рф domain, and 64.09% in .su domain. The company’s share of the Russian hosting market will amount to 27.4%.
Alexander Panov, managing partner of Hosting Community, commented: "Each company is unique, with its own niche and loyal customers. By merging them, we will be able to take their best practices: technology, management, and expertise. This will enable us to expand into related areas and offer new unique services. The new asset will take its rightful place in the group."
Reggi Business CEO Dmitry Deniskin said: "We are pleased to become part of the largest community of hosting providers and domain name registrars in Eastern Europe. Combining our best practices and vast opportunities of Hosting Community will open up plenty of opportunities to devise new services, enter new markets, and continue development."