NetRegistry buys Distribute.IT

Powered by SC Magazine
 

Hacked business changes hands.

NetRegistry has bought the business and assets of hacked web host and domain registrar Distribute.IT in a deal sealed in the past 36 hours.

The tie-up was leaked by the Australian domain administrator auDA this morning and confirmed by NetRegistry chief Larry Bloch today.

No price was put on the acquisition. Bloch said he thought "people could draw their own conclusions" on the price tag from Distribute.IT's status.

Distribute.IT was the victim of a malicious attack on June 11 that shut down its network for a week and rendered four shared servers unrecoverable.

Bloch said that NetRegistry was "not without risk" in buying up Distribute.IT's assets.

"We may not see a return but I certainly wanted to assist [them]," Bloch said.

NetRegistry had sent a team of engineers to Distribute.IT to undertake a situation analysis as recovery efforts on its systems continued.

He said the team would also conduct a review of security policies.

Bloch said that a "significant amount of data" had been turned over to undisclosed authorities in a bid to track down the culprits for the attack.

"It's one of the most malicious and damaging attacks we've seen in Australia," Bloch said.

"It's very unusual for hackers simply to destroy [systems]."

Bloch said that decisions on Distribute.IT's staff had not been taken but they would continue to be paid as usual.

He hoped that affected customers would be "comforted" by NetRegistry's presence and "that a large player is involved".

The long-term plan would likely see Distribute.IT's network assets migrated to NetRegistry's data centre in Sydney.

NetRegistry did not buy the legal entity as part of the acquisition.

Copyright © iTnews.com.au . All rights reserved.


NetRegistry buys Distribute.IT
 
 
 
Top Stories
ANZ looks to life beyond the transaction
If digital disruptors think an online payments startup could rock the big four, they’ve missed the point of why people use banks, says Patrick Maes.
 
What InfoSec can learn from the insurance industry
[Blog post] Another way data breach laws could help manage risk.
 
A ten-point plan for disrupting security
[Blog post] How can you defend the perimeter when it’s in the cloud?
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  27%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  21%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1030

Vote