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Tucows Acquires Ascio Technologies For $29.4 Mln

7:50AM ET 3/19/2019 MT Newswires
Tucows (TCX), an internet services company, has acquired wholesale domain name registrar Ascio Technologies from CSC for $29.4 million.

The transaction, which closed Monday, is expected to be immediately accretive to operating cash flow. The purchase will be funded through Tucows' existing credit facility.

The acquisition of Ascio adds about 1.8 million domains under management and roughly 500 active resellers.

CSC provides business, legal, tax and digital brand services.

Price: 80.03, Change: +0.02, Percent Change: +-0.10