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Melbourne IT Ltd Sells Digital Brand Services Division To Corporation Services Company

Tuesday, 12 Mar 2013 01:30am EDT 

Melbourne IT Ltd announced that it had entered into definitive agreements with respect to the sale of its Digital Brand Services (DBS) division to United States-based Corporation Services Company (CSC) for a cash consideration of AUD 152.5 million. The completion of the transaction occurred simultaneously with execution of these agreements. DBS provides online brand protection and consultancy services to global organisations seeking to maximise the value of their online assets. The division was created in 2008 when Melbourne IT combined its Corporate Brand Services division with the Verisign DBMS business which the company had acquired for USD 50 million. 

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18 Dec 2014