I’ve met Andrew Hazen at a couple of domain investor events in New York City, and we’ve had a few conversations via email. Although investing in domain names is not his primary occupation, he understands the business and advises his clients on the benefits of domain names.
This morning, I learned that Andrew has reached an agreement to sell Prime Visibility, the full service digital marketing company he founded in 1998, for $36 million in cash. The acquiring company is blinkx plc, a California company that is publicly traded in the UK. The deal closed and was funded last week.
Andrew’s story reads like a business person’s fairy tale: “When I founded Prime Visibility in 1998 I never imagined in my wildest dreams that the company would make the Inc List of Fastest Growing Companies in America not once but twice and then for the company to be acquired in 2007 by private investors and then again in 2011 by a public company.”
Andrew plans to leave Prime Visibility this week, and his immediate plans for the future have not been decided yet.
Congratulations to Andrew, and I wish him all the best.