Brandon Abbey of Escrow.com Comments on Acquisition

On Sunday evening, it was announced that Escrow.com is going to be acquired by Freelancer.com. There were quite a few reader comments about the proposed acquisition, including some concerns about the proposed acquisition and expectations for after the acquisition is completed.

This afternoon, Escrow.com President and Managing Director Brandon Abbey shared some comments about the acquisition and what lies ahead for the company. I asked Brandon if I could share his comments here, and he gave me permission to publish them:

TLD List: Domain Name Price Comparison Tool

I received an email over the weekend from Tim White announcing the launch of TLD-List.com. I am not familiar with Mr. White or his website, but it looks like TLD-List.com is a domain name price comparison tool.

According to the email I received, TLD-List “is a free listing of all top level domains, including each TLD’s pricing and free features offered by 26 major registrars.” The prices are updated every six hours to adjust for price changes, fluctuations, and special offers. The website touts that there are “930 Top Level Domains” listed in its index. It looks like there are gTLD extensions, new gTLD domain extensions, and ccTLD domain extensions listed.

I can see why something

Breaking: Escrow.com to be Acquired by Freelancer.com

A few moments ago, I received an email from Escrow.com President Brandon Abbey announcing that Escrow.com was acquired by Freelancer.com. According to a press release (published in its entirety below), Freelancer.com “announced that it had entered into a definitive agreement to acquire Escrow.com from a private investor for US$7.5 million in cash.” The deal is subject to regulatory approval.

Commenting on the acquisition in an email, Brandon said the following:

“Needless to say, this is very exciting for us to be joining the world’s largest freelancing, outsourcing and crowdsourcing marketplace and their 15 million users in 247 countries around the world. The company will remain a California based business and we will continue to operate the business as usual and to exceed the high standards that you have come to expect from us.”

Based on those comments, it seems like this is good news for the company, as it will open up more opportunities for Escrow.com to be used to facilitate payments for the Freelancer.com audience.  I am hopeful that Escrow.com continues to be run in the same manner in the past, as I appreciate the attention the company gives its customers, and they are a trusted partner of mine, both for my escrow transactions and as a sponsor of this blog.

The press release published by Freelancer.com can be found below:

Meeting with Lori Anne Wardi to Raise Funds for Non-Profit

There is a charity auction on CharityBuzz that will be of interest to people in the domain name business. Lori Anne Wardi is auctioning a private one hour lunch meeting with the proceeds to benefit the Network for Teaching Entrepreneurship South Florida.

I have known Lori Anne for almost ten years, and think she is one of the smartest people I know in the domain business. If you haven’t met Lori Anne or aren’t familiar with her, here is a bit of background from the CharityBuzz auction listing:

Tracy Fogarty Launches Domain Brokerage and Consulting Firm

Beginning in 2013, Tracy Fogarty was a domain name broker with Domain Holdings, representing the owners of valuable domain names. This morning, Tracy updated her LinkedIn profile  to announce the launch of eNaming.com, a domain name consulting firm and domain brokerage she founded on her own.

According to its website, eNaming.com will help clients on both sides of deals. The company will offer domain name sales brokerage services, and it will also work with clients to acquire domain names on their behalf. Tracy will also use her experience to provide domain name consulting services to her clients.

While looking through the new website, I saw that Tracy published a blog post announcing the launch of her business this morning. In the blog post, Tracy shared that this will be the first time she is in business for herself:

Report: “Google has decided against making an aggressive push”

Late last night, the New York Post published an article about GoDaddy’s upcoming IPO, and the most interesting aspect of the article to me doesn’t really have to do with GoDaddy. According to the article, “Google has decided against making an aggressive push into the domain space, The Post has learned.”

I am sure this will come as good news for GoDaddy and other large domain registrars. I haven’t heard many people in this business publicly express concern about Google Domains, but I would assume many registrars had private fears that Google could potentially become a major competitor if it chose that path.

The New York Post’s source also mentioned that Google apparently does not have plans to enter the hosting or website development business. This is also good news for companies like GoDaddy who have been focusing on these add-on services to drive revenue. I think that this may be a key driver in a decision about a big move into the domain business.

Despite Google’s size and reach, I think there is at least one major barrier to