[Npoc-discuss] Fwd: [Chapter-delegates] Important Announcement from the Internet Society and Public Interest Registry

Wed Nov 13 20:18:13 UTC 2019

Very important Caleb,

As also an internet society member it gives us a lot to talk about it’s
implications on “not for profits” in general.

It will be great to get an idea from our policy head how we address this
within our community and to the wider internet governance community.

Kind regards

Poncelet

On Wednesday, 13 November 2019, Caleb Olumuyiwa Ogundele <
muyiwacaleb at gmail.com> wrote:

> Dear NPOC Members,
>
> As you are aware, this news has it's implications for many .ORG not for
> profits.
>
> This forwarded information from ISOC President is for our debate.
> Caleb Ogundele
>
> ---------- Forwarded message ---------
> From: Andrew Sullivan via Chapter-delegates <chapter-delegates at elists.
> isoc.org>
> Date: Wed, Nov 13, 2019, 5:23 PM
> Subject: [Chapter-delegates] Important Announcement from the Internet
> Society and Public Interest Registry
> To: chapter-delegates at elists.isoc.org <chapter-delegates at elists.isoc.org>
>
>
> Dear Chapter Delegates,
>
>
>
> I am pleased to let you know about some important news that we will be
> announcing today.  The Internet Society (ISOC) and Public Interest Registry
> (PIR) are set to announce that they have reached an agreement with Ethos
> Capital, under which Ethos Capital will acquire PIR and all of its assets
> from the Internet Society.  Going forward, Public Interest Registry will
> continue to manage the .ORG domain and advance its important mission –
> under new ownership.  This is an exciting development that will provide
> long-term benefits for both organizations.  For the Internet Society, the
> transaction will deliver long-term, sustainable funding through a new
> endowment that will give us greater financial security, and allow us to
> continue our mission on a broader scale.  This means that not only are we
> able to secure the Internet Society’s financial future, but we will also be
> able to do more to ensure that the Internet is for everyone.  Here is the
> joint statement we will be releasing.
>
>
>
> PRESS RELEASE
> Ethos Capital to Acquire Public Interest Registry from the Internet Society
>
>
>
> *Public Interest Registry Will Continue Management and Mission of .ORG
> Under New Ownership*
>
>
>
> Reston, VA (November 13, 2019) – The Internet Society and Public Interest
> Registry (PIR) today announced that they have reached an agreement with
> Ethos Capital, under which Ethos Capital will acquire PIR and all of its
> assets from the Internet Society.  The transaction is expected to close
> during the first quarter of next year.
>
>
>
> “This is an important and exciting development for both the Internet
> Society and Public Interest Registry,” said Andrew Sullivan, President and
> Chief Executive Officer of the Internet Society, the organization that
> established Public Interest Registry.  “This transaction will provide the
> Internet Society with an endowment of sustainable funding and the resources
> to advance our mission on a broader scale as we continue our work to make
> the Internet more open, accessible and secure – for everyone.  It also
> aligns Public Interest Registry with Ethos Capital, a strong strategic
> partner that understands the intricacies of the domain industry and has the
> expertise, experience and shared values to further advance the goals of
> .ORG into the future.”
>
>
>
> “Since the inception of Public Interest Registry, our mission has been to
> enable the .ORG Community to use the Internet more effectively and change
> the world for the better,” stated Jon Nevett, CEO of Public Interest
> Registry.  “That will not change.  We have enjoyed a long and successful
> relationship with the Internet Society, and are thrilled that we will be
> able to continue – and expand – our important work with Ethos Capital while
> sustaining our commitment to the .ORG Community going forward.”
>
>
>
> Following the close of the transaction, PIR will continue to meet the
> highest standards of public transparency, accountability, and social
> performance in line with its longstanding purpose-driven mission, and will
> consider seeking B Corporation certification.  All of PIR’s domain
> operations and educational initiatives will continue, and there will be no
> disruption of service or support to the .ORG Community or other generic
> top-level domains operated by the organization.
>
>
>
> “We are excited to support PIR’s mission and build upon the incredible
> work it has done to promote success and positive impact for the .ORG
> Community,” said Erik Brooks, Founder & CEO of Ethos Capital.  “As part of
> our commitment to setting the gold standard of registry operations, we will
> be establishing a Stewardship Council that will serve to uphold PIR’s core
> founding values and provide support through a variety of community
> programs.”
>
>
>
> Mr. Brooks added: “Importantly, throughout the transition and beyond, we
> are committed to ensuring complete continuity of PIR’s operations and
> enhancing the relationships PIR has established over the years.  We look
> forward to continuing PIR’s longstanding partnerships and vendor
> affiliations to ensure domain operations run smoothly and without
> interruption.”
>
>
>
> Vint Cerf, former Chairman of the Board of ICANN and founding President of
> the Internet Society, said: “When the Internet Society won the bid to
> operate the .ORG registry, it enabled a productive and sustainable future
> for the organization.  Public Interest Registry exercised its stewardship
> to the benefit of the registrants and the Internet Society’s mission.  I am
> looking forward to supporting Ethos Capital and PIR in any way I can as
> they continue to expand the utility of the .ORG top level domain in
> creative and socially responsible ways.”
>
>
>
> PIR was established by the Internet Society in 2002 to manage and operate
> the .ORG domain.  Since then, .ORG has risen to become the largest
> purpose-driven domain used by millions of organizations and others to
> achieve their online goals.
>
>
>
> Goldman Sachs & Co. LLC is serving as financial advisor to both the
> Internet Society and PIR.  Morgan, Lewis & Bockius LLP and Proskauer Rose
> LLP are serving as legal advisors to the Internet Society and PIR,
> respectively.  Macquarie Capital is serving as financial advisor and
> Morrison & Foerster LLP is serving as legal advisor to Ethos Capital.
>
>
>
> *About Public Interest Registry*
>
> Public Interest Registry (PIR) is a nonprofit corporation that operates
> the .ORG top-level domain—one of the world’s largest generic top-level
> domains with more than 10 million domain names registered worldwide. As an
> advocate for collaboration, safety, and security on the Internet, PIR’s
> mission is to serve as an exemplary registry and to provide a trusted
> digital identity. PIR strives to educate the global community to use the
> Internet more safely and effectively while taking a leadership position
> among Internet stakeholders on policy and other issues relating to the
> domain naming system. PIR was founded by the Internet Society (
> https://www.internetsociety.org) in 2002 and is based in Reston,
> Virginia, USA. Visit Public Interest Registry at https://pir.org.
>
>
>
> *About .ORG*
>
> .ORG is the original purpose-driven “generic” top-level domain (gTLD) with
> more than 10 million domain names registered worldwide. .ORG is open to
> everyone, providing a global platform for organizations, associations,
> clubs, businesses and individuals to bring their ideas to life. For more
> than 30 years, .ORG has built an enduring legacy of trust, preserving an
> open and secure Internet where diverse communities can establish a trusted
> online identity and freely share ideas. Visit www.TheNew.org for more
> information.
>
>
>
> *About the Internet Society*
>
> Founded by Internet pioneers, the Internet Society (ISOC) is a non-profit
> organization dedicated to ensuring the open development, evolution and use
> of the Internet. Working through a global community of chapters and
> members, the Internet Society collaborates with a broad range of groups to
> promote technologies that keep the Internet safe and secure, and to
> advocate for policies and infrastructure that enable universal access. The
> Internet Society also provides a corporate home for the administrative
> entity that supports the Internet Engineering Task Force (IETF). For
> additional information, visit https://www.internetsociety.org/.
>
>
>
> *About Ethos Capital*
>
> Ethos Capital is a specialized investment firm that helps transform and
> grow established companies in today’s rapidly evolving digital economy.
> Ethos Capital’s Founder and CEO, Erik Brooks, has deep expertise and
> relationships across the business, technical, and social communities that
> protect and promote the Internet’s core founding values.  As a
> mission-driven firm, Ethos Capital is committed to setting the gold
> standard of ethics and social responsibility for registry operations and
> supporting a globally connected and resilient Internet.  For more
> information, please visit https://ethoscapital.com/.
>
>
>
> As soon as this news is publicly available, we will be posting the press
> release on our website, together with a jointly written blog that will
> provide additional context.  Owing to the confidential nature of this
> process, we have been limited in what we have been able to share until now,
> but I am excited to be able to bring you this positive news before it is
> made public.  My email is always open should you have any questions.
>
>
>
> Regards,
>
>
>
> Andrew Sullivan
>
> President & CEO, Internet Society
>
> sullivan at isoc.org
>
> +1 416 731 1261
> _______________________________________________
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>

-- 
Poncelet O. Ileleji MBCS
Coordinator
The Gambia YMCAs Computer Training Centre & Digital Studio
MDI Road Kanifing South
P. O. Box 421 Banjul
The Gambia, West Africa
Tel: (220) 4370240
Fax:(220) 4390793
Cell:(220) 9912508
Skype: pons_utd

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