Oversee Nets $150 Million Investment
Tweet1/15/08 – Oversee.net, the downtown Los Angeles-based online media company that runs domain and online marketing services businesses, announced today that it has executed a definitive agreement with private equity firm Oak Hill Capital Partners for an investment of $150 million. The firms did not disclose specific terms, but said that the transaction is expected to close by the end of January.
Oversee says the funds will be used to augment organic growth and acquire technologies that will enhance its suite of services in the online marketing and domain name industries. The company seems focused particularly on its DomainSponsor domain monetization platform, along with its SnapNames domain acquisition business. In addition, Oversee announced last week that it has acquired Moniker, a provider of domain name registration, domain asset management and monetization services. Oversee says it will continue to evaluate acquisitions that extend its overall capabilities.
In addition to its downtown headquarters, the company has offices in Portland, Ore., and San Mateo, Calif.
Oversee.net – www.oversee.net
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