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01|15|2008 03:23 pm EDT

Oversee banks $150 Million Investment

by Frank Michlick in Categories: News

Oversee.net announced today that they have “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.” The company also secured a $60 million revolving credit facility a year ago and purchased a number of companies and domain portfolios.

According to Oversee, 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 made the announcement this morning on their website it and was also covered by TechCrunch.

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