EXECUTIVE CHANGES: New CEOs At Minds + Machines And ULS Technologies
Mon, 25th Jan 2021 16:59
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:
Minds + Machines Group Ltd - operator of internet top-level domains - Confirms Tony Farrow as chief executive officer, having joined in October as interim CEO. Farrow will join the board as well. Minds + Machines says 2020 revenue was largely in line with 2019, with renewal revenue consistent at 68%. Billings were down 3% due to a significant drop in AdultBlock billings in 2020 follow the product s launch in 2019. AdultBlock is a brand-protection tool. It stops third parties from registering domain names containing trademark names in TLDs such as .porn. We lost some of the momentum after the initial launch of AdultBlock in FY 2019, says Farrow. However, FY 2021 was always the target year for the full rollout of this new pr
25 January 2021 | 14:48pm
StockMarketWire.com - Internet domain name owner Minds + Machines (MMX) has announced the appointment of Tony Farrow as chief executive and reported that revenues in 2020 were in line with the prior year, helped by consistent renewal revenue and an increase in new standard registration revenue.
Farrow, who rejoined the company at the end of October as interim chief executive, will join the board of directors following completion of regulatory due diligence.
In a trading update, MMX announced that revenues for the full year 2020 were largely in line with those for 2019, with renewal revenue consistent at 68%, while new standard registration revenue increased to 24%, with reduced dependency on premium domains.
Minds + Machines Group Limited (LSE: MMX) is the owner of a world class portfolio of 32 ICANN approved top-level domains (gTLDs). The Company generates revenues through the registration and annual renewal of names by organisations and individuals within each of its top-level domains, sales being processed through the Group s network of global registrar and distribution partners.
The MMX portfolio is currently focused around generic names (e.g. .work, .vip), consumer interest (e.g. .fashion, .wedding), lifestyle (e.g. .fit, .surf, .yoga), professional occupations (e.g. .law), and geographic domains (e.g. .london, .boston, .miami, .bayern). In 2018, the Company completed its first acquisition, the ICM portfolio, and launched its first innovation based project, .luxe, which combines the strengths of the World Wide Web s naming system with that of blockchain. For more information on MMX please visit www.mmx.co.
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