Sedo today announced it has acquired the parking company ParkingPanel.com, a domain monetization service provider that is well known for working with large domain portfolio owners and hosting companies to increase revenue.

Sedo will be incorporating the ParkingPanel.com brand into its own, transitioning ParkingPanel.com’s members to Sedo’s platform by the end of the month.

“This is an excellent opportunity for Sedo to extend our parking program’s industry leading services to ParkingPanel.com’s customers,” said Tim Schumacher, the CEO of Sedo. “We look forward to a smooth integration of the ParkingPanel.com brand into Sedo’s community of domain buyers and sellers. This acquisition is another example of Sedo’s commitment to sustain growth and increasing our membership throughout the year.”

The terms of the deal were not disclosed.

[via Sedo]