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The Lowdown



Jan. 3, 2008 Post

Here's the The Lowdown from DNJournal.com! Updated daily to fill you in on the latest buzz going around the domain name industry!

Compiled by Ron Jackson (Editor/Publisher)

 

Oversee.net (parent company of popular domain parking company DomainSponsor.com and the DOMAINfest conference) today announced the acquisition of Moniker.com, the well-known

registrar, domain services provider and producer of live domain auctions at key domain conferences and webmaster events. Moniker also confirmed the deal on their website. Terms of the transaction were not disclosed. Moniker operations will remain in Pompano Beach, Florida and will continue to be led by Monte Cahn, President of Moniker. Cahn has agreed to a multi-year commitment with Oversee to continue running Moniker, in addition to o the r senior executive responsibilities within Oversee.  

The Oversee press release said "Oversee acquired domain name auction leader SnapNames® last June, and the company believes the addition of Moniker will give Oversee a complete array of services to cement its leadership position in the domain name secondary market.  Oversee will leverage the two divisions’ capabilities by adding Moniker’s live auction and back-office services to SnapNames Live™ to offer the industry’s most comprehensive live and silent auction services. The first demonstration of the integration will be at DOMAINFest Global later this month, where SnapNames Live will lead and conduct the auction, with Moniker providing valuation and escrow services.  More integrated services are planned, including:  

  • Deepening Moniker’s continuing commitment to its auction partners through the use of the SnapNames Live technology in Moniker-managed auctions

  • The addition of DomainSponsor as an available option in Moniker’s TrafficClub monetization service

  • Availability of Moniker’s registrar services for SnapNames and DomainSponsor customers

  • Inclusion of traffic and monetization history as data for domain name auctions

  • A complete set of Domain Asset Management services that offer domain owners all the tools necessary to profitably manage the ir domains.

Commenting on the transaction, Moniker CEO Cahn said, “Oversee’s advanced technology platform and strong financial resources give us the capability to focus on fur the r expanding our market opportunity.” Lawrence Ng , CEO and Co-Founder of Oversee.net said “We are delighted that Monte Cahn and his team of experienced professionals are becoming part of the Oversee family. Our primary objective, as a company, is to continue adding and developing capabilities that offer customers a greater breadth of products and services.”

Our view is that the Oversee/Moniker combination makes perfect sense and will create an extremely powerful domain conglomerate. The domain industry has been consolidating for the past couple of years now but this marriage truly stands out as a watershed event.

 

Moniker.com CEO Monte Cahn

 

Oversee.net CEO Lawrence Ng

(Posted Jan. 3, 2008) 

 

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