NeuStar agreed to acquire UltraDNS of Reston, Virginia, for $61.8 million in cash. UltraDNS provides managed domain name systems (DNS) services. Based on unaudited financial statements, UltraDNS’ 2005 revenue totaled $12.6 million and the company was profitable. For 2006, NeuStar projects revenue growth for UltraDNS services in excess of 40 percent, and expects the acquisition to be accretive by the first quarter of 2007.
NeuStar serves as a neutral third party clearinghouse services to the global communications and Internet industry. http://www.neustar.bizhttp://www.ultradns.com
