Team Internet Group, a global provider of internet solutions with headquarters in London, is part of the Team Internet Group.
The company’s world-class technology and team of industry leaders are transforming how businesses, brands and publishers connect online.
The company is active in two innovative markets: digital advertising with high growth (Online Marketing segment), and domain name management (Online Presence).
Team Internet Group confirmed it had officially changed its name to CentralNic following an announcement made last month.
The Internet Solutions Group confirmed that the rebranding process was completed Wednesday.
Team Internet’s ticker symbol will be TIG after the change in September. Its legal entity and security identification numbers will remain the same.
The group said that the name change would not affect the shareholdings of shareholders.
CentralNic Group PLC is a global internet software developer, operator and publisher. To celebrate its 10th anniversary as a publicly-traded company, it has launched a branding campaign, renaming itself ‘Team Internet Group.’
Team Internet Group’s ticker symbol will change to TIG on 5 September.
CentralNic Group PLC acquired US-based SEO specialist Adrenalads, for US$2.35million in cash.
Adrenalads already works with CentralNic’s commerce media arm Zeropark. The combination of both companies will increase returns for both while creating a presence in Pacific Time Zone, according to the statement.
Berenberg said that many investors are either sceptical about the future of online advertising revenue or find CentralNic Group PLC difficult to understand.
Analysts at the house broker of the AIM listed company said that the AIM company has tapped into trends which offer cash-generative growth potential for several years. They reiterated a target share price of 250p.
The broker stated that “we would argue that the increasing network effects of the Group’s advertising market, as well as the requirement for alternative approaches of targeted advertising (with abolition of third-party cookie), will allow the company to do very well on the medium term.”
CentralNic Group PLC Michael Riedl, CEO of the CentralNic Group PLC, visits the London studio following the release of results for the quarter ending 31 March 2023. The company had recorded its “best ever first quarter.”
Riedl discusses how CentralNic was able to achieve its 24% growth in Q1 revenue, and his expectations that the company’s future growth will be good.
He also reveals a niche he has found in the “big trend” of “bricks-and-mortar” economy becoming a digital world.
