TulipTools Internet Business Owners and Online Sellers Community

Quote:Oversee.net announced today that it has executed a definitive agreement with Oak Hill Capital Partners, a private equity firm, for an investment of $150 million in Oversee.net’s holding company. Specific terms of the transaction were not disclosed.

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. Oversee’s DomainSponsor will continue investing in technologies that monetize domain traffic. In 2007, Oversee moved assertively to build its domain name auction and related services capability, in part through the acquisitions of SnapNames and Moniker. The company will continue to evaluate acquisitions that extend its overall capabilities...