01|29|2008 09:25 pm EDT
Salient Properties and Domain Strategies have joined together to create a new company, WiFi.Com, LLC. By teaming up to develop WiFi.com, the companies believe that they will be able to grow the domain into a leading technology center for the WiFi industry.
In 2006, WiFi.com was purchased by Stuart Wood, President of Salient Properties, for $225,000. Since then the domain has acted as a successful WiFi technology portal. But according to Wood, Rob Monster and his team at Domain Strategies convinced him that there was more potential for the website with a partnership.
Domain Strategies has developed a three-step process for domain assessment and development. After successfully applying this process to numerous top tier domains, they believe that WiFi.com will see similar results.
â€œBy partnering with the premium domain owner and aligning interests through a joint ownership of a new company, we are able to focus available capital on the building of the business rather than simply buying a domain,â€? Rob Monster, Founder and Chairman of Domain Strategies explained. â€œBy partnering, we extend the range of our capital, include the domain owner in the vision and allow everyone to participate in a significant increase in value of the enterprise.â€?
It will be interesting to see what happens with WiFi.com as this partnership begins building the domain into a broader business model.