Oversee.net announced its acquisition of a privately-held domain name portfolio of 35,000 Internet domain names. The company, which owns DomainSponsor, claims to monetize more than one million domain names and have more than 100 million unique visitors per month.
Commenting on the transaction, Lawrence Ng, Chief Executive Officer of Oversee.net, said,
“The domain industry is undergoing significant change. While it is consolidating on some fronts, there is escalating interest in the acquisition of domain names and direct navigation traffic. An estimated 10-20% of paid search traffic now comes through direct navigation. This provides a great opportunity for Oversee.net, which has a rich history in this space. Because we are active in the domain name monetization business, we can better evaluate and find opportunities among domainers who want to achieve immediate liquidity. This deal was executed in record time. Unlike financial players, our technology gives us a distinct advantage in evaluating portfolios. We have the knowledge and resources to close an acquisition in a matter of days.”
Source: BusinessWire
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