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August 16, 2016

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Escrow.com Expands With Acquisition of Escrow Angel -  Company Also Wins a Stevie International Business Award

Escrow.com just got bigger. The company, that has handled over $3 billion worth of transactions (a big chunk of that coming from domain sales), announced today that they have acquired Australian online escrow service Escrow Angel and that company's automotive brand, Protecti.

Escrow.com is itself already owned by an Australian company, Sydney based Freelancer.com who acquired Escrow.com from its ordinal U.S. owner last year.

Escrow Angel was founded by Simon Lenton in 2012 and they also operated under the Protecti brand after licensing their platform to South Africa’s biggest non-bank card issuer, Paycorp, in 2014. Lenton said, “It has been a wild ride getting Escrow Angel to where it is today and we are pleased to be acquired by Escrow.com, the world leader in secure online payments.”

Escrow.com CEO Matt Barrie (left) and General Manager Jackson Elsegood at the 2016 NamesCon conference in 
Las Vegas
in January.

Freelancer CEO Matt Barrie said, “We are excited about the acquisition of Escrow Angel, and in the future we plan to offer Australian users a wider suite of escrow services under the Escrow.com brand.”

Escrow.com General Manager Jackson Elsegood added, "Escrow.com's 16 years of transaction history and recent growth is testament to the professionalism of our team. Escrow Angel and Protecti enjoy a strong reputation for escrow services in Australia and we are looking forward to further expanding Escrow’s services after the acquisition.”

Escrow.com's future plans include offering escrow services in Australia in Australian Dollars, subject to the licensing and regulatory approval process  that is currently underway.

Escrow.com had some more good news to share today. The company was named the winner of a Bronze Stevie® Award in the Small Company of the Year for Financial Services category. This came in the 13th Annual International Business Awards competition. The awards will be given to their recipients at a gala ceremony in Rome, Italy on October 21, 2016.

All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small - are eligible to submit nominations for the Stevies. Award winners were determined by the average scores of more than 200 executives worldwide who participated in the judging process from May through early August. The 2016 Awards received entries from more than 60 nations and territories.

Jackson Elsegood said, "It is with great pleasure that we receive this award. Ever since we were acquired by Freelancer.com our main goal has been to take the company to the next level, and it is an honor to be recognized for it internationally."

Michael Gallagher, the President and Founder of the Stevie Awards noted, “This year’s IBA judges were treated to many remarkable and inspiring stories of achievement. We look forward to sharing many of these stories with people around the world over the coming months, through the Stevie Awards blog and social media channels, with the hope that they will inspire and instruct the next generation of business achievers.”

The Bronze Stevie Award

 

(Posted August 16, 2016) 


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