Sedo acquires another domain name parking company.
In a long rumored transaction, Sedo has acquired domain name parking company ParkingPanel.com for an undisclosed price.
ParkingPanel was launched in 2006, but ran into a few roadblocks. In March of 2008 it lost its advertising feed and was forced to look for an alternate provider. It announced its relaunch in August of 2008. But, like many small domain name parking companies, it has faced a tough slough in today’s domain parking environment.
Sedo will incorporate the ParkingPanel.com brand into its own, and transition all of ParkingPanel’s customers over to Sedo. This transition should be completed before the end of the month.
Sedo acquired another small parking company, RevenueDirect, in February of 2009 for $825,000.