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  • Epik Acquires Domain Development Company DevRich

    1. BY - May 26, 2010
    2. Domain Services
    3. 8 Comments

    Epik adds to development capabilities.

    Rob Monster’s Epik has acquired domain name development company DevRich. The transaction was an all-equity transaction and the valuation was not disclosed.

    This is both a talent acquisition and a technology acquisition. Luke Webster, President of DevRich, will become SVP Operations of Epik. He will continue to run DevRich, which will be a division of Epik.

    I met Webster and his business partner at DOMAINfest this past January, where they presented in PITCHfest.

    DevRich will mass develop your domain names for about $5 each. As Monster points out in a blog post about the acquisition, mass development only gets you so far. The thinking is that by developing your domains on DevRich, you can figure out which ones have the most potential. You can then use some of Epik’s (and DevRich’s) more advanced solutions for product portals and directories to expand your sites.

8 Comments
  • Help me understand this…

    Rob Monster is an investor in DevHub that offers mass website development. Right?

    Rob Monster buys DevRich which offer mass website development. Right?

    Doesn’t DevRich compete with DevHub?

    DevRich is less than one year old?

    Did he buy DevRich to roll it into DevHub or will DevRich continue to compete with DevHub?

    Just curious.

  • The difference is that with DevHub, he is just an investor. Now with DevRich, he controls the entire product.

  • Did you have enough time, in January, to draw any general impressions of Luke & partner? Curious to hear more about the DevRich folks. Thanks.

  • Is this a true acquisition or one like the guy with the drop service that never became an acquisition.

  • not invited to party says:

    May 27, 2010 at 9:08 am

    “The transaction was an all-equity transaction and the valuation was not disclosed.”

    That disclosure has the same effect as
    fingernails across a chalkboard.

    He sells out to his competitor so he can own a piece of the acquiring company.

    I bet Luke Webster is seeing a light at the end of the tunnel.

  • Luke Webster is for sure seeing the light at the end of the tunnel ;-).

    The truth is Rob’s a great guy with a complete cradle to grave vision and proven success in business.

    Turns out we complimented each other in areas of effort and this acquisition of DevRich creates a win-win for both parties and our clients.

    I look forward in continuing to drive technology and innovation into domaining and am excited about all of our futures as domain investors. This new position and acquisition will give me more time, resources and ability in accomplishing our goals.

    Regards,
    Luke Webster

  • Just saw the news about Luke leaving Epik – I am confused if the deal with Epik acquiring Devrich now did not complete? Can you shed any light on this?

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