SnapNames has agreed to be acquired by Oversee.net. Oversee, a company already familiar to many in the domain name industry, is a technology-driven online marketing solutions company that already offers an impressive array of services to domain name owners. You can learn more about the company at www.oversee.net.
It’s important that you understand there will be no changes to the way SnapNames provides its services. This is a combination of two industry leaders with outstanding reputations for serving domain name investors and customers at all levels.
We were attracted to Oversee for many reasons, including the opportunity to offer SnapNames customers a greater breadth of service offerings. Together, the two companies can provide services that support our customers’ needs throughout the entire life cycle of a domain name, including procurement, monetization and sales.
This transaction is expected to close in mid-June. Of course, we’re always available to assist you in any way we can and encourage your questions and comments. Our support team is available to you here:
On the Web: http://snapnames.custhelp.com
By e-mail: support@snapnames.com
At SnapNames, you will continue to find the world’s largest selection of expired domain names. You’ll find no changes to your account or the way you do business with us. We value you as a customer and thank you for your continued business.
FAQs:
What will change about the way I do business with SnapNames?
Nothing will change. SnapNames will continue to operate its business and provide names to its customers as it always has.
Who will control the supply of names?
SnapNames, with its partners, will continue to be responsible for the supply of names. There will be no changes to how SnapNames does business with its partners and customers.
How will SnapNames and Oversee maintain fairness in terms of who gets what name?
SnapNames is known and respected for its fairness to all customers, regardless of who they are. All customers are treated equally. This will not change.
How will customers who happen to be Oversee’s competitors be treated?
They’ll receive the same quality of service they did prior to the merger. Our relationships with our customers will not change.
Who will provide customer service?
For the availability and daily auction of domain names, the SnapNames team will continue to service you and your account. However, one of the reasons for the transaction is the opportunity to efficiently provide both companies’ customers with additional services, so we anticipate that other services will be available to you in the near future.
Will I have to learn a new bidding system, or re-create my account, or do anything else with SnapNames as a result of the merger?
No. From your point of view as a customer, there are no changes at all. It will be business as usual with SnapNames.
How can we be assured SnapNames will continue to do business as it has before?
SnapNames’ business is successful because of its reputation for fairness and transparency. This is the foundation of our success.
Who will guarantee that Oversee doesn’t receive preferential treatment?
Actions speak louder than words. As you continue to do business with SnapNames, you’ll see for yourself that business practices have not changed.
In the past, you ran the auction independently. How does this transaction impact customers who have been actively buying names, who now know that Oversee also may have been bidding in auctions? Is Oversee getting better pricing?
No. Nothing changes about the auction process. Again, SnapNames’ reputation is based on fairness — this is extremely important to SnapNames and its customers.
What about parking my names?
Customers should consider parking their names with DomainSponsor, one of the industry’s best service providers. However, customers may park domains with the provider they prefer.
So what changes are planned?
We don’t plan to change anything. SnapNames will continue to operate independently, with the same team running the business.
Is SnapNames’ management staying on?
Yes. Sudhir Bhagwan remains CEO, and his team will continue to run SnapNames from its Portland, Oregon headquarters.
What if I have other questions?
Our customer support team is available to you as always. They can be contacted here:
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.”
About Oversee.net
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.
About Moniker.com
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.
About SnapNames.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.
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