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July 12, 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 Moving U.S. Office from Southern California to San Francisco - Reports Other Major Changes

There have been a lot of changes at Escrow.com since the company was acquired by Australia's Freelancer.com last year. After expanding their management team and giving the company's website a major makeover, Escrow.com has also just announced major change in their physical location. They are moving their U.S. office from its long time home in Southern California (in Orange County, southeast of Los Angeles) to downtown San Francisco where Vice President of Sales Danny Raja will head the office. 

Danny joined Escrow.com in April after serving as a Senior Sales Executive at both Box and Yammer. General Manager Jackson Elsegood and Keith Gettle, who has been promoted to Operations Manager, will be working closely with Danny on Escrow.comís major partnerships. Their new San Francisco office at 180 Montgomery Street is one of four new Escrow.com offices with others located in Vancouver, Canada, Sydney, Australia and Manila, in the Philippines.

Danny Raja
Escrow.com VP of Sales

Escrow.com's new U.S. office at 180 Montgomery Street in downtown San Francisco.

Matt Barrie, Chief Executive at Escrow.com parent  for the Freelancer Limited Group (ASX:FLN), said, "San Francisco is the logical best location for the headquarters for Escrow.com, being closest to partners, as well as allowing for further expansion in customer support, payments and major account management.Ē (Escrow.comís relocation to San Francisco is subject to approval by the Commissioner of Business Oversight in California).

At the same time they announced their move to San Francisco, Escrow.com provided an update on several other changes made since Freelancer acquired the business. A press release noted, "The backend infrastructure for Escrow.com has been upgraded and migrated to Amazon AWS. Support hours have been extended and customer support is now multilingual (commencing in Chinese). New transaction types including domain name 

Matt Barrie
CEO, Freelancer Limited Group

holding transactions have been launched and the payments management team has been greatly expanded (headed by group CFO Neil Katz). In addition, the Escrow.com compliance team has grown significantly under Group VP Compliance Greg Robinson (formerly with Paypal and Colonial First State).

Escrow.com added that those changes helped the company pass 1 million registered users this year. Gross payment volume for Escrow.com in 2015 exceeded US $430 million, growing at almost double the five-year compound annual growth rate (CAGR), with total payment volume to date reaching US $2.9 billion.

(Posted July 12, 2016)


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