Moniker Joins Oversee.net
Los Angeles, CA and Pompano Beach, FL - (GAWKWIRE) - Oversee.net, a leading technology-driven online marketing solutions company, and Moniker®, one of the fastest-growing providers of domain name registration, domain asset management, and monetization services, announced today that Oversee has acquired Moniker. Terms of the transaction were not disclosed.
One of the more innovative ICANN-accredited registrars, Moniker offers products and services beyond basic registration, including name creation, registration, acquisition, portfolio management, theft protection, appraisal and escrow services, traffic monetization, live and online domain auctions and aftermarket sales. The company is well regarded by registrants and domain name industry professionals as the most secure and customer-focused registrar in the industry.
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 by continuing to run Moniker, in addition to other senior executive responsibilities within Oversee.
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 their 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 further expanding our market opportunity. This is a dynamic industry, and our collaboration with SnapNames puts Oversee well ahead of any competitor. This is a tremendous opportunity for Oversee and Moniker."
"We are delighted that Monte Cahn and his team of experienced professionals are becoming part of the Oversee family," said Lawrence Ng, Chief Executive Officer and Co-Founder of Oversee. "Our primary objective, as a company, is to continue adding and developing capabilities that offer customers a greater breadth of products and services. Moniker is widely respected by industry players and has a reputation for knowledge, security, and professionalism."
Founded in 2000, Oversee.net is a technology-driven online marketing solutions company with two primary divisions--Oversee Domain Services and Oversee Marketing Services. Headquartered in Los Angeles with offices in Portland, Oregon and San Mateo, California, the Company has over 200 employees. Some of Oversee's key brands include SnapNames®, the operator of the largest available source of expired and deleting domain names; DomainSponsor™, a global leader in domain monetization, and Low.com™, a top consumer financial services portal. Oversee has been growing profitably since inception.
Oversee was named to the Inc. 500 and ranked third in the Deloitte Technology Fast 50 of Los Angeles and 18th in the nation. Oversee was also named "Internet and New Media Company of the Year" by the Technology Council of Southern California and its CEO and Co-Founder, Lawrence Ng, was named a winner of the 2007 Ernst & Young Entrepreneur of the Year award for the Greater Los Angeles program in the technology category. To learn more, please visit http://www.oversee.net.
Moniker, with headquarters in Pompano Beach, Florida, is the leading provider of Domain Asset Management™, a complete set of business services that provide companies a single-point-of-access to help manage and maximize the value of their domains. With more than a decade of experience, Moniker is a top 10 domain registrar, holds the industry's highest customer retention rate and pioneered the industry's first domain appraisal formula. It is considered the industry's premier marketplace to buy and sell premium domain names. For more information, visit http://www.moniker.com.
Founded in 2000, SnapNames operates the largest auction of expired and deleting domain names. Partnering with the world's largest and best-known registrars and service providers, SnapNames uses its innovative, patent-pending technology to give its customers exclusive first access to the world's largest inventory of high-traffic, brandable and investment-grade domain names every day. SnapNames is headquartered in Portland, Oregon, and was ranked #5 in the 2007 Fastest Growing Private 100 companies in Oregon. SnapNames is a wholly-owned subsidiary of Oversee.net. For more information, visit www.snapnames.com.