M&A mystery solved: Who bought a calendar dot-com?
After Kiko.com, an online-calendar startup, put itself up for auction on eBay, people were left wondering about the identity of powerjoe1998, the winning bidder. Wonder no more: Elliot Noss, CEO of software-download website Tucows, revealed in his company blog that Tucows was the one that paid $258,100 for Kiko.
What do software downloads have to do with online calendars? It turns out that Tucows has diversified beyond downloads, offering domain-name registrations, e-mail, and other services. (If you haven't heard of them, it's because they sell those services wholesale to Internet service providers rather than directly to consumers.) Microsoft executive Don Dodge says that Tucows's e-mail offering is what made Kiko a perfect fit: "Kiko as a standalone calendar company wasn't even worth $258K. But integrated with an e-mail service it was indeed worth the price."
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