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With businesses expanding and the current economy dwindling into shadows, it appears that companies that control domain names keeps shrinking. TechCrunch reports of Verisign having its eyes set at acquiring a London based .name domain.

There has been no official announcement on part of Verisign or .name about the acquisition or the amount for which it might be acquired for. But according to reports, Verisign has sent out emails to registrars mentioning them of acquisition.

The acquisition will have no effect on the  current registrars running their interface without any changes. There will be some tweaking done with enhancements in what the service currently offers and those that cater to the demands of the registrar channel satisfying the consumers.

The original email has been given below (via TechCrunch):

We are pleased to announce that VeriSign closed on an agreement to acquire Global Name Registry, Ltd., which includes management of the .name top level domain on October 1, 2008. We believe the addition of .name is a natural fit, as we have run the technical backend in support of .name for more than five years.

What does this mean for existing registrars?

Your interface to VeriSign for .name domain names will continue to operate as it has in the past with no changes.

We are currently assessing enhancements to the service offering that meet the needs of the registrar channel in servicing the consumer market. Please look for service notices in the coming weeks that will outline those changes and the steps you need to take advantage of those features.

If you have any questions, please do not hesitate to contact Customer Service at info@verisign-grs.com.

Very truly yours,

PJ Bolanos
Vice President, Global Customer Support
VeriSign, Inc.