Melbourne IT is an Australian Internet company listed on the Australian Securities Exchange . Formed in 1996, its primary business is domain name registration in most of the major national and global top-level domains. It also offers web and email hosting services and online marketing services. The company is a profit-earning medium-sized Internet business, with 2004 earnings of approximately 4.5 million AUD on revenues of about 60 million AUD, and continues to grow steadily. It has operations in several European countries through the acquisition of Cogent, as well as IDR Management... Services, based in London. Melbourne IT currently operates eighteen main global offices, including an office in the Washington, DC area and Mountain View, California. For historical reasons Melbourne IT had a de facto monopoly on com.au domain name registrations for several years, providing more than half of its revenues until April 1999 when ICANN awarded it one of the first five registrar licenses to compete with Network Solutions Inc in registering domain names under .com, .net and .org.
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