01|30|2008 05:19 pm EDT
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.
â€œWith the chance to join DomainsBot as a financial partner, we view this as a solid investment opportunity for both Sedo, and the domain industry,â€? 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: â€œThe 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 companyâ€™s headquarters in Rome, Italy. Sedo will not take a board seat at DomainsBot and will not have a management role.
[via Press Release]