Seller acquired the domain name from Great Domains over a decade ago.
Earlier this week Silicon Republic reported that Irish tech company Teamwork PM acquired the domain name Teamwork.com for $675,000.
I reached out to the seller, Alex Lerman, to confirm the sale and ask for more details.
He confirmed that the $675,000 sale took place via Escrow.com and the
seller buyer paid the escrow fees. He also gave this background:
I was fortunate to be an investor in premium generic domain names in the early days. In January 2001, I was approached by Great Domains (then a Verisign company) with an impressive inventory of available generic domains like Kind.com and Teamwork.com. I purchased Teamwork.com, brokered by Great Domains, from the previous owner for an undisclosed price. There were more twists and turn in the history of Teamwork.com, but I will spare you all the details.
I intended to develop Teamwork.com into a team-building website. However, once [Teamwork PM CEO Peter Coppinger] raised his offer to $675k I realized it could be win-win. For Peter, he could advance his business with a world-class, industry-defining dotcom. And I could accelerate development of other key properties. I wish Peter and everyone at the new Teamwork.com great success!
Congratulations to both Alex and TeamworkPM.