A release on the website Investegate.co.uk detailed the sale of Printing.com for $2.27M. The sale will be handled in two installments. Software Circle plc was the seller and the buyer was JAL Equity Corp.
(“Software Circle”, the “Company” or the “Group”)
Sale of printing.com (“PDC”) Domain and update regarding sale of Works Manchester Limited (“WML”)
Sale of printing.com (“PDC”) Domain
Software Circle plc (AIM:SFT) announces the sale of the domain name printing.com to JAL Equity Corp, an owner and operator of marketing, printing, signage, and promotion businesses in the USA, for $2.27m (£1.8m).
The consideration will be satisfied in cash payable in two instalments, one of $0.23m on completion with the balance of $2.04m payable on or before 31 July 2024. The sale proceeds will be applied to potential acquisitions and supporting the Group’s working capital requirements.
The PDC domain has formed part of our Nettl Systems business for two decades. It has a special place in our hearts for many reasons. It is, after all, where it all began.
But things evolve. Eight years ago Nettl was born. Extending the offering to existing and new partners alike. Over that time more and more printing.com partners have upgraded to Nettl, taking advantage of the additional features that help future proof their business. Moving away from the PDC domain.
That’s meant fewer and fewer PDC partners over those years and more and more Nettl partners. As that trend and focus continues, we find ourselves saying a very fond farewell to printing.com. Thanks for the good times, old friend. It’s been emotional.
For the few remaining partners that utilise the PDC domain, there’ll be time for transition. We’ve already had those conversations and have been preparing for a move away from its use. We’ll provide support for partners to enable a smooth transition. We expect the majority will upgrade and become Nettl partners. Those who don’t, can continue using the software platform to run their business as a white label partner.
