01|30|2008 5:19 pm EDT
Sedo becomes minority investor in DomainsBot
DomainsBot announced today that it has completed a minority investment from Sedo. The company provides Domain Name suggestion tools and services to registrar partners and aftermarket companies.
“With the chance to join DomainsBot as a financial partner, we view this as a solid investment opportunity for both Sedo, and the domain industry,†said Tim Schumacher, CEO of Sedo. â€DomainsBot has demonstrated a great ability to provide innovative and effective solutions to the domain market as an independent and neutral player, and our intention is to financially sustain its independent growth.â€
Emiliano Pasqualetti, CEO of DomainsBot, said: “The Sedo partnership will help us continue to grow and provide cutting edge solutions to our partners. Sedo has already proven to be a supportive partner and financial backer.â€
DomainsBot management will not change and will continue to operate from the company’s headquarters in Rome, Italy. Sedo will not take a board seat at DomainsBot and will not have a management role.
[via Press Release]
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1 Comment
DomainPlayer
January 30, 2008 @ 5:50 pm EDT
Now that’s a clever move from Sedo! DomainsBot’s intelligence is a really good asset for Sedo.