These are Drop.com.au; Fabulous.com.au and Yexa.com.au.
The deal is subject to auDA approving the “Change in Effective Control”, but given the stature of the purchaser, this should not be an issue! Approval is expected in the very near future.
Why Have I Sold?
It was an agonizing decision for me. Those few people whose counsel and advice I sought will attest to that!
Ultimately there were two factors that made my decision. Personal reasons (health and well-being); and the quality of the purchaser.
Drop has been my registrar of choice for around 8 years, and I like and respect the people that work there (Cam and Katherine). I made the purchase from DBS because I believed there was an incredible opportunity to restore Drop to its former glory. And in doing so, I would be able to offer past, present and future clients a great platform for domain investing (registrar services; drop-catching and aftermarket).
The new purchaser has the same intent – and given their extensive resources, they will probably be able to achieve this far sooner than me!
Who Is The Purchaser?
The Trellian group is the buyer. They are a privately-owned company based in Melbourne, Australia with offices in India, France and Los Angeles, California. One of their brands is Above.com – this is an ICANN accredited registrar.
Most importantly, all their various products were primarily designed for domain investors / domainers. Their purchase of Drop.com.au is just a great entrée for them into the Australian domain space.
The head of Trellian is David Warmuz – and he is one of the nicest (and smartest) guys you could ever hope to meet in the domain industry. I’ve known David for about 5 years – he bought some domains from me!
A condition precedent of my sale to Trellian was that they agree to keep Cam and Katherine on in their very important roles at Drop. This was a “no brainer” decision from David Warmuz – he has used Drop for many years; and knows Cam well.
So all I can say is that the future for Drop looks fantastic – it is going to a home even better than I could offer it!
And in the meantime, Drop is getting so much love and attention from past, present and future owners. 🙂
Ned O’Meara – 23rd February 2017