According to Epik founder Rob Monster, Epik has acquired the Undeveloped domain name marketplace and sales platform founded by Reza Sardeha. Terms of the deal were not disclosed, but it appears that the current team operating Undeveloped will stay on board and the two companies will continue to operate separately. According to the press release “Undeveloped will operate as a wholly owned subsidiary of the Epik Holdings Inc group of Companies with the current management team.”
Rob sent me an email with a press release announcing the news, and I have published that below:
Dutch Startup Undeveloped.com Announces Acquisition by US-based Epik Holdings Inc.
â€¨Undeveloped joining Epik allows the company to introduce a full-service solution for buying, selling, leasing and managing domains.
Undeveloped.com announced today that it has been acquired by Epik Holdings inc. The integration of the two companies will help Undeveloped further accelerate the growth of its marketplace for digital brands, after more than doubling transactions in 2016, while accelerating Epik’s international expansion.
“By combining Epik’s reputation, market knowledge, worldwide presence, and complementary technology, we expect to be able to create an even more appealing solution for our customers. A vastly improved Undeveloped marketplace will accelerate the progress of more development-grade domains into becoming thriving Digital Brands used in commerce. All things considered, we could not have asked for a more worthy or more capable partner at this exciting time in the history of the Internet” said Mr. Reza Sardeha, founder and CEO of Undeveloped.
Rob Monster, Founder and CEO of Epik Holdings Inc, who is a Dutch-American, was pleased to announce the completion of the transaction in Amsterdam.
“We have spent the past 5 years developing and operating an integrated set of solutions to help domain investors navigate the life-cycle of their domain investments. With this acquisition, we add another company with potential for hyper-growth. This acquisition has all of the things that I look for in a deal: great leadership, differentiated technology, and complementary locality. The expanded presence in Amsterdam will significantly increase our capacity to deliver to customers in Europe, Middle East and Africa, the type of Legendary Support and customer-centric innovation that our customers have come to expect from us.” said Rob Monster, CEO and founder of Epik.
Undeveloped will operate as a wholly owned subsidiary of the Epik Holdings Inc group of Companies with the current management team. Epik customers can seamlessly use the services of Undeveloped through the same single-sign-on that already powers Epik’s existing services at Epik.com, Anonymize.com and Masterbucks.com. “My team and I are delighted to be part of a rapidly growing company led by a visionary CEO who I have enjoyed getting to know over the past year” added Mr. Reza Sardeha, founder and CEO of Undeveloped.
For further information, please contact Rob Monster, CEO of Epik at firstname.lastname@example.org or +1.425-765-0077, or Reza Sardeha, CEO of Undeveloped.com at email@example.com.
Update: According to OnlineDomain.com, “Undeveloped and Epik decided to discontinue working together”