27 Apr '15, 1am

acquired for $7.5 million

Company known for securing domain name transactions is acquired by Australian company. Freelancer.com, an online marketplace for freelance services, has acquired escrow service Escrow.com for $7.5 million. Escrow.com is a popular service among domain name investors and has handled over $2.2 billion worth of transactions to date. Margins for escrow services are slim, and today’s acquisition announcement puts it in perspective: Escrow.com handled $220 million transactions last year, generating $5 million in revenue and just $1.2 million EBITDA. Escrow.com will remain a California based company and will operate as usual going forward. Freelancer.com recently raised AUD$10 million, in part to fund the acquisition. I’ve reached out to Escrow.com president Brandon Abbey to find out if he will be continuing with the company. Email Learn more... Escrow.com Rated Top Domain Name Es...

Full article: http://domainnamewire.com/2015/04/26/escrow-com-acquired-...

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Purchased for $7.5million

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Freelancer.com announces the acquisition of Escrow.com and completion of capital raising Some big news for a Sunday night,...

Has Been Acquired by

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Freelancer.com announces the acquisition of Escrow.com and completion of capital raising SYDNEY, April 27, 2015: Freelance...

Acquires #news #domaining #domain

Acquires #news #domaining #domain

whizzbangsblog.com 27 Apr '15, 1am

In breaking news, Australian company, Freelancer.com has reached an agreement to acquire Escrow.com for $7.5m in cash. Fre...

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