Oversee.net announced today that they have acquired Moniker but the terms of the transaction were not disclosed, however it was believed to be around $65 Million dollar transaction. Monte Cahn has agreed to a multi-year commitment with Oversee by continuing to run Moniker. Oversee also acquired SnapNames® in May of 2007 for around $35 Million. Oversee will leverage the two divisions’ capabilities by adding Moniker’s live auction and back-office services to SnapNames Live. The first demonstration of the integration wil... lire la suite
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Oversee.net announced today that they have acquired Moniker but the terms of the transaction were not disclosed, however it was believed to be around $26 Million dollar transaction. Monte Cahn has agreed to a multi-year commitment with Oversee by continuing to run Moniker. The first demonstration of the integration will be at DOMAINfest Global later this month, where SnapNames Live will lead and conduct the auction, with Moniker providing valuation and escrow services. More integrated services are planned, including: Commenting on the transaction, Moniker CEO Cahn said, “Oversee’s advanced technology platform and strong financial resources give us the capability to focus on further expanding our market opportunity. This is a dynamic industry, and our collaboration with SnapNames puts Oversee well ahead of any competitor. This is a tremendous opportunity for Oversee and Moniker.” “We are delighted that Monte Cahn and his team of experienced professionals are becoming part of the Oversee family, Our primary objective, as a company, is to continue adding and developing capabilities that offer customers a greater breadth of products and services. Moniker is widely respected by industry players and has a reputation for knowledge, security, and professionalism.” said Lawrence Ng, Chief Executive Officer and Co-Founder of Oversee. Personally I am glad to hear that SnapNames will be including traffic and monetization history into their auction service. This is a move in the right direction and DomainTools is also seeking expand on what we already do in the Auction space by providing this data. We will work with all leading parking companies to make the history and stats available when domains are being purchased at auction. I am working on an open standard for sharing this information along with secure authorization procedures for access to that data. I believe the next evolution for our industry will be more visibility into the domain history and monetization performance.
Oversee.net announced today that it has executed a definitive agreement with Oak Hill Capital Partners, a private equity firm, for an investment of $150 million in Oversee.net’s holding company. Specific terms of the transaction were not disclosed. The funds will be used to augment organic growth and acquire technologies that will enhance its suite of services in the online marketing and domain name industries. Oversee’s DomainSponsor will continue investing in technologies that monetize domain traffic. In 2007, Oversee moved assertively to build its domain name auction and related services capability, in part through the acquisitions of SnapNames and Moniker. The company will continue to evaluate acquisitions that extend its overall capabilities. “Oak Hill understands that the online marketing, traffic and domain name sectors are rapidly growing, and they share our vision for establishing Oversee as a leading, trusted partner for domain owners and advertisers,” said Oversee.net co-founder and CEO Lawrence Ng. “Their commitment and support will add fuel for organic growth and will help us capitalize on opportunities to broaden our capabilities.”