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NameSilo Technologies Corp. Enters into Definitive Share Purchase Agreement to acquire Reach Systems, Inc.
Prnewswire· 2026-02-06 12:00
Core Viewpoint - NameSilo Technologies Corp. has entered into a definitive share purchase agreement to acquire Reach Systems, a Canadian engineering and manufacturing firm specializing in remote inspection equipment and related technologies [1][2]. Group 1: Acquisition Details - The total purchase price for the acquisition of Reach Systems is $4,500,000, which includes the issuance of 1,939,168 common shares valued at $1.7335 per share, a cash payment of $978,699, and repayment of outstanding shareholder loans amounting to $159,753 [3]. - The shares issued as part of the acquisition will be subject to a hold period of four months and one day from the date of issuance [3]. Group 2: Strategic Implications - The acquisition of Reach Systems is expected to provide immediate synergies with SewerVue, enhancing the company's capabilities in large-diameter pipe inspection technologies [2]. - The integration of Reach Systems will allow NameSilo to offer vertically integrated multi-sensor products and services for remote and challenging applications across various industrial sectors, including oil & gas and national defense [2]. Group 3: Company Background - NameSilo Technologies Corp. focuses on investing in undervalued companies with significant appreciation potential across various industries, excluding resource sectors [5]. - NameSilo LLC, a subsidiary, is recognized as a low-cost provider of domain name registration and management services, managing approximately 6.1 million active domains globally [6].
NameSilo Surpasses 6 Million Domains Under Management
Prnewswire· 2026-01-23 12:00
Core Insights - NameSilo Technologies Corp. has achieved a significant milestone by surpassing 6 million domains under management, placing it in the top 1% of over 3,000 ICANN accredited registrars globally [1][6] - The company has been added to the CSE25 Index, which includes the twenty-five largest companies by market capitalization listed on the Canadian Securities Exchange [4] Company Growth and Strategy - NameSilo's growth strategy focuses on offering the lowest everyday prices, premium features included for free, and robust tools for serious domain owners, which has contributed to customer retention [2] - The company has quadrupled its active domains under management since its acquisition in 2018, with a compound annual growth rate (CAGR) of over 22%, significantly outpacing the industry average of less than 4% [3] - NameSilo has expanded its service offerings to include hosting, SSL, premium DNS, email services, and a suite of marketplace products, enhancing its value proposition to customers [3] Leadership Perspective - CEO Kristaps Ronka emphasized that reaching 6 million domains reflects customer trust and the team's dedication, highlighting a focus on fair pricing, real support, and effective tools [3]
NameSilo Technologies Corp. Enters Letter of Intent to Acquire 100% of Reach Systems Inc.
Prnewswire· 2025-11-26 12:00
Core Viewpoint - NameSilo Technologies Corp. has entered into a letter of intent to acquire 100% of Reach Systems Inc. for a total consideration of C$4,500,000 [1][4]. Group 1: Company Overview - NameSilo Technologies Corp. focuses on investing in undervalued companies with potential for significant appreciation, operating in both public and private markets [6]. - Reach Systems Inc. specializes in engineering and manufacturing remote inspection equipment and related systems for various industries including oil & gas and robotics [2][3]. Group 2: Acquisition Details - The acquisition is subject to the completion of a definitive share purchase agreement and due diligence by NameSilo [5]. - The purchase price was determined through arm's length negotiations, with no insider relationships between NameSilo and Reach [4].
NameSilo Technologies Corp. Enters Definitive Share Purchase Agreement to Acquire 100% of SewerVUE Technology Corp.
Prnewswire· 2025-09-12 11:00
Core Viewpoint - NameSilo Technologies Corp. has entered into a definitive share purchase agreement to acquire 100% of SewerVUE Technology Corp., a company specializing in large-diameter pipe inspection technology [1][5]. Group 1: Acquisition Details - The acquisition involves a payment of C$2,450,000 to SewerVUE shareholders [5]. - NameSilo will issue 78,750 common shares at a price of $1.40 per share to a third-party finder, with resale restrictions for four months [6]. - The finder will also receive options to purchase 150,000 shares at $1.40 per share for five years [6]. Group 2: SewerVUE Technology - SewerVUE has developed advanced technologies for pipe inspection, including pipe-penetrating radar and multi-sensor inspections [2]. - The company provides critical data for maintaining infrastructure, such as detecting voids, measuring wall thickness, and assessing the remaining useful life of assets [3]. - SewerVUE serves a global clientele, including municipalities, mining corporations, and engineering firms, and is recognized as a leader in multi-sensor inspection technologies [4]. Group 3: Company Background - NameSilo Technologies Corp. focuses on investing in undervalued companies with significant appreciation potential across various industries, excluding resource sectors [7]. - NameSilo LLC is a rapidly growing domain name registrar, managing approximately 5.8 million active domains across around 160 countries [8].
NameSilo Technologies Corp. Enters Letter of Intent to Acquire 100% of SewerVUE Technology Corp.
Prnewswire· 2025-07-10 10:00
Core Viewpoint - NameSilo Technologies Corp. has entered into a letter of intent to acquire 100% of SewerVUE Technology Corp., a company specializing in large-diameter pipe inspection technology [1][5]. Company Overview - SewerVUE Technology Corp. is recognized for its innovative inspection technologies, including pipe-penetrating radar and multi-sensor inspections, which provide reliable data for infrastructure maintenance [2][4]. - The company utilizes advanced robotic inspection vehicles to gather data on voids, wall thickness, sediment volume, and reinforcement cover, aiding in the assessment of the remaining useful life of linear assets [3]. Acquisition Details - The acquisition will involve NameSilo paying C$2,450,000 to SewerVUE shareholders as part of the definitive share purchase agreement [5]. - The closing of the acquisition is contingent upon the completion of due diligence and the satisfaction of conditions outlined in the definitive agreement [6]. Industry Position - SewerVUE serves a diverse clientele, including municipalities, mining corporations, and engineering firms, and is a leader in multi-sensor inspection technologies, employing methods such as LiDAR, sonar, and HD-CCTV [4].