Luxembourg, 11-01-24. After its restructuring, NameDrive LLC and its subsidiaries will merge into NameDrive S.A., which is composed of three subordinated companies: NameDrive EU Sàrl and NameDrive IP Sàrl (Luxembourg)
While the Luxembourgian and the US location are primarily responsible for operational business, the NameDrive Romania office continues with core technical development. The restructuring of NameDrive is a great chance to further expand its presence on the global domain market. BIP’s investment secures the financial means to achieve an even broader market presence and to continue future launches of innovative products.
Michael Riedl, Investment Director at BIP Investment Partners S.A. (BIP) adds: “We want NameDrive to be the Apple of the domain parking industry.” BIP is a public investor listed on the Luxemburg stock exchange, which has also invested in other companies in the domain industry; among them is the German registrar Key-Systems, Luxembourgish registrar EuroDNS and domain fund Domain Invest, as well as Polish registrar AZ.pl.
With the New Year and organization, NameDrive will kick off a series of new features and products. “Furthermore, we plan to widely intensify our cooperation with registrars and other related companies to provide seamlessly integrated products for domainers, ISPs, and hosters”, says Michael Riedl about NameDrive’s future business focus. The next opportunity to meet with the new NameDrive executives will be at DomainFest in Santa Monica (February 1 – 3).
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About NameDrive: The international parking provider NameDrive was founded in 2005 and is represented by offices in Luxembourg, USA and Romania. The pages parked with NameDrive are displayed in 21 languages, the company’s homepage is available in 8 languages, and our staff members typically speak at least two languages. More than 75,000 customers use the parking service for their domain portfolios. With NDX Market, NameDrive also provides a trading platform for domains as well as professional domain brokers. Since NDX Market’s launch in 2008, domain name sales of a total value of more than ten million dollars have been arranged.