Sedo Acquires ParkingPanel.com

Posted on September 26th, 2009 by admin in Domain News | No Comments »

Sedo have announced they have acquired ParkingPanel.com – the domain monetizing service provider made popular by working with large domain portfolio owners and hosting companies to increase revenue and optimize templates using Total Semantic Relevance (TSR) keyword technology and real-time multi-variable testing.

Sedo will be incorporating the ParkingPanel.com brand into its own brand, and transitioning ParkingPanel.com’s members to Sedo’s platform by the end of the month. ParkingPanel.com’s former clients will benefit from Sedo’s advanced monetization engine, optimized parking templates, and access to the world’s largest domain name marketplace.

“This is an excellent opportunity for Sedo to extend our parking program’s industry leading services to ParkingPanel.com’s customers,” said Tim Schumacher, CEO of Sedo. “We look forward to a smooth integration of the ParkingPanel.com brand into Sedo’s community of domain buyers and sellers. This acquisition is another example of Sedo’s commitment to sustaining growth and increasing our membership throughout the year.”

Roy Barrett, Vice President of Product Development for ParkingPanel.com added,

“Sedo has an extremely extensive set of services for their members globally, and is truly a first-class operation. We are excited that ParkingPanel.com’s members will benefit by having the best customer support available as part of Sedo, the leading domain services company.”

Financial terms of the agreement were not disclosed.