Miami tech company .CO Internet to be acquired for $109 million

Thousands of flying pigs — symbolizing anything is possible — flew across website screens on .CO Internet’s launch day in 2010. Now, nearly four years later, CEO Juan Diego Calle shared in the company’s blog that "it's onward and upward for .CO" — the young Miami technology company is being purchased.

Neustar, a publicly traded company based in Sterling, Va., that provides real-time information and analytics, has agreed to acquire .CO Internet S.A.S., which is the exclusive operator of the worldwide registry for Internet addresses with the ".co" top-level domain.

The price tag, according to Neustar’s SEC filing: $109 million.

Since .CO Internet’s global launch in 2010, names under management for .co have grown to more than 1.6 million in more than 200 countries and territories worldwide. Last year, .CO's revenue was $21 million. Neustar has always been a partner with .CO Internet, providing registry services and infrastructure support for .co extensions, the top-level domain assigned to Colombia. 

"Historic times for .CO ... While this  announcement may come as a surprise to some, we’ve spent the last year thoughtfully planning our long-term growth strategy. In our desire to take .CO to the next level, we are confident that now is the perfect time to join forces with Neustar," said Calle in  his blog post. The serial entrepreneur, his co-founders Nicolai Bezsonoff and Lori Anne Wardi and much of his team of about 25 are based in Miami.  

"With a suite of leading edge technologies, access to a huge distribution network of retailers, and an unparalleled portfolio of domain-related products and services, Neustar is well positioned to turn scale into a strategic competitive advantage in the years ahead — and to help fast track the growth of the .CO brand and business worldwide," he continued, adding that Neustar is"excited about the strong global brand we have built around the .CO domain.”

The acquisition of .CO Internet expands Neustar's registry services, which maintains the .biz and .us domains and has been selected to provide services for up to 350 new domain extensions as a result of Internet Corporation for Assigned Names and Numbers’ (ICANN) ongoing global domain name expansion. 

"By combining .CO Internet’s innovative domain marketing capabilities with Neustar’s distribution network and technical resources, we will be able to broaden our registry services and the .co brand worldwide, while creating shareholder value," said Lisa Hook, president and CEO of Neustar in a statement.

The acquisition is subject to standard closing conditions and is expected to close within one month. Following the acquisition, .CO Internet, as a wholly-owned subsidiary of Neustar, will continue to manage the .co domain extensions from its headquarters in Bogota, the news release said.

Follow @ndahlberg on Twitter.

Read more Technology stories from the Miami Herald

  • Leaders leaders seek manufacturing revival

    On Labor Day 2014, workers in Northeastern Pennsylvania face a job market that has changed considerably over the past several years, while some employers say they can't find new hires with the skills and work habits they need.

FILE - In this Tuesday, Sept, 17, 2013 file photo, Iranians surf the Internet at a cafe in Tehran, Iran. On Monday, Sept. 1, 2014 Iranian President Hassan Rouhani urged the country's clerics to be more tolerant of the Internet and new technologies, which are often the target of criticism by influential hard-liners in the Islamic Republic. Rouhani made the appeal during a meeting with clerics in Tehran, where he said that the Internet is important for aspiring students and experts trying to access new knowledge and science.

    Iran president urges clerics to tolerate Internet

    Iran's president urged the country's clerics Monday to be more tolerant of the Internet and new technologies, which are often the target of criticism by influential hard-liners in the Islamic Republic.

  • Levy failure puts PE on the bench in Lapwai

    High school students in a north-central Idaho town will have to take gym classes through an online program this year after a school levy failed.

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category