Tucows expects $2 million gross margin per year from Melbourne IT acquisition

domainking131

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Company acquired international accounts for $6.0 million on April 1.

Tucows (NASDAQ: TCX) expects its acquisition of reseller accounts from Melbourne IT to generate $2 million in gross margin per year, the company revealed yesterday.

The company paid $6.0 million to acquire Melbourne IT’s reseller accounts, with the exception of those based in Australia and New Zealand. The acquisition closed on April 1.

The deal added 1.6 million domain names under management that generate $13 million in annual revenue.


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