Escrow service that launched this year is gobbled up by largest online escrow company.
For the past year, the number of online escrow companies targeting the domain industry has grown considerably. It’s about to shrink by one.
Escrow.com announced today that it has acquired Agreed.com from Thought Convergence. This is Thought Convergence’s second divestiture in as many weeks; last week it announced the sale of Aftermarket.com.
Agreed.com launched in January of this year. Aimed squarely at the domain business, the escrow service focused on usability and domain transaction-friendly features to gain new clients.
Escrow.com President Brandon Abbey told Domain Name Wire that a couple things drew him to Agreed.com.
“They’re the only other escrow company that has products specifically designed for the domain industry that has any kind of license in the US,” said Abbey. “Their technology is very compelling,” he added.
Escrow.com will integrate certain aspects of Agreed.com’s technology. Agreed.com will no longer exist as a standalone services and the domain name will forward to Escrow.com.