Neustar (NYSE: NSR) will continue to administer the official domain name of the U.S. under a potential five-year contract extension with the Commerce Department.
The company has managed the domain since 2001 and will be responsible for handling a network of registrars selling the .US domain names under the contract, Neustar said Wednesday.
The contract is for three base years and contains two one-year options.
Lisa Hook, Neustar president and CEO, said the company manages a domain name used by “millions of businesses, non-profit organizations and consumers use to manage their online presence.”
Neustar will also form a .US stakeholder council comprising of localities, registrars, small businesses, non-profit organizations, STEM education groups and cybersecurity professionals in 2014.
The council will work to develop programs and forge alliances in order to help address public demands for the official U.S. country code domain.