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01|30|2008 5:19 pm EDT

Sedo becomes minority investor in DomainsBot

by Frank Michlick in Categories: News - 1 Comment

DomainsBot LogoDomainsBot 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. ”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.”

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.”

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.

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