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01|30|2008 05:19 pm EDT

Sedo becomes minority investor in DomainsBot

by Frank Michlick in Categories: News

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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