Tucows acquires Ascio Technologies

Digital Pandit

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Tucows Inc. (NASDAQ:TCX, TSX:TC) announced that it has signed a definitive agreement to acquire wholesale domain name registrar Ascio Technologies from CSC®. The transaction closed yesterday.

Tucows will pay $29.44 million and the transaction is expected to be immediately accretive to operating cash flow. The purchase price will be funded through Tucows’ existing credit facility.

The acquisition of Ascio adds approximately 1.8 million domains under management and approximately 500 active resellers. The Ascio reseller base consists of ISPs, web hosting companies and website builders.

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