LA-based Oversee.net today announced the acquisition of $7 million in domains during May. Oversee.net also said they had bought a total of 66 domain portfolios in the past ten months. The company owns a portfolio of currently more than 600,000 domain names.
“Our goal is to accelerate our portfolio acquisition program and grow our domain services business even more aggressively,” said Jeff Kupietzky, Executive Vice President of Oversee and General Manager of Oversee Domain Services. “We are uniquely qualified to understand and exploit the value of domains because of our proprietary technology, superior monetization expertise and experience working with the domainer community. With estimates of 10-20% of paid search traffic now coming through direct navigation, we expect even more interest in this business.”
Oversee.net monetizes more than 2 million domain names through their DomainSponsor.com service. It also owns SnapNames.com and Low.com.
There have been so many press releases from Oversee.net in the past few weeks that one could think the company would go public soon.
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