Velocity Network Solutions

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Velocity Network Solutions - overview

Location

Los Angeles, CA, US

Primary Industry

Outsourcing

About

Velocity Network Solutions specializes in domain name registration and transfer services, focusing on premium domain acquisition to support businesses and individuals in establishing their online presence. Velocity Network Solutions is dedicated to facilitating domain name transactions, having been acquired by Cal Net Technology Group in January 2015. The acquisition enhanced Cal Net's premium IT services within the Los Angeles region. The firm is headquartered in Los Angeles, US, and operates as part of a larger portfolio.


Velocityns. com primarily offers domain name registration and transfer services, emphasizing the purchase of premium domain names. Their flagship service allows customers to acquire domain names for a fixed price of USD 995, excluding applicable taxes. The platform is designed to enable secure payment processing, free transaction support, and a straightforward buying experience, catering to a diverse clientele including entrepreneurs, startups, and established businesses in North America and Europe.


Velocityns. com generates revenue through the direct sale of domain names priced at USD 995 each. The transaction is processed via a secure payment gateway that accommodates local currencies. The primary focus is on the sale of domain names, though additional services such as domain leasing may be offered.


The company aims to provide a straightforward pricing structure and user-friendly interface to retain a broad customer base. The acquisition by Cal Net Technology Group positions Velocity Network Solutions for future growth, particularly in enhancing its premium IT services in the Los Angeles and Orange County area. The firm plans to leverage recent changes to expand its market reach, although specific new products and geographic expansions have not been detailed. The support from Cal Net's resources will allow Velocity to enhance its service offerings and operational capacity.


Current Investors

Cal Net Technology Group, Inc.

Primary Industry

Outsourcing

Sub Industries

Offshore IT Services/IT Outsourcing

Website

www.velocityns.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Velocity Network Solutions - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedVelocity Network Solutions-

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