NameDrive Releases Details on Investment and Reorganization

Friday, January 21st, 2011

Parking company confirms recent investment and restructuring.

Today I received information from domain name parking and sales company NameDrive about its recent investment from BIP Investment Partners and its company reorganization.

News of the investment and reorganization was first reported by Domain Name News on Tuesday. [Update: DNN's source was DVmag.de.]

BIP Investment Partners S.A., a public investor listed on the Luxembourg stock exchange, made an undisclosed investment in the company. BIP is no stranger to domain names; it holds investments in German registrar Key-Systems, Luxembourgian registrar EuroDNS, domain fund Domain Invest, as well as Polish registrar az.pl.

Michael Riedl, Investment Director at BIP says, “We want NameDrive to be the Apple of the domain parking industry.”

NameDrive now has three subsidiaries: NameDrive EU Sàrl and NameDrive IP Sàrl (Luxembourg), NameDrive US LLC (Texas, U.S.) and NameDrive SRL (Romania). I toured NameDrive’s facilities in Austin last year.

Founded in 2005, the parking company is known for its prowess in monetizing international domain names. Its parking pages are in 21 languages, the company’s homepage is available in 8 languages, and its staff members typically speak at least two languages. The company says it has over 75,000 customers and has sold over $10 million in domains on its NDX Market since launching it in 2008.

Further Reading:

  1. NameDrive Launches Japanese Language Parking Platform
  2. NameDrive offers World Cup Contest
  3. NameDrive Moves to Austin, Charts Growth

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2 Comments » - Posted in Domain Parking by

Comments

  1. Christoph Grueneberg
    January 21st, 2011 | 11:06 am

    “News of the investment and reorganization was first reported by Domain Name News on Tuesday”

    The message was first reported on my German Domain-News Blog http://www.DVmag.de
    Frank mentioned this on DNN.com

  2. Andrew Allemann
    January 21st, 2011 | 11:43 am

    @ Christoph – thanks and sorry.

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