Abion buys Brandsec's corporate domain management business
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Intellectual property and domain management company Abion has acquired the corporate domain management business of Brandsec, which is based in Australia and New Zealand. Abion, formerly Ports Group, says the deal will help it expand in those two markets, while its main presence remains in Europe. Brandsec's separate digital risk and brand protection The work of keeping a brand safe from misuse in domain names. Full definition of brand protection business is not part of the transaction.
in plain words
A company that looks after brand names and web addresses for businesses has bought part of a rival. The part it bought handles domain names for company clients in Australia and New Zealand. The company says this will help it grow in that region.