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The
one constant
you
can always count on in the domain
industry is change. We've certainly seen
a lot of it this summer with the decline of some
companies, the birth of new ones, management
changes and mergers at others, etc. After the
departure of several key
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executives,
including President Jeff
Kupietzky a couple of weeks ago, Oversee.net
announced a 13% reduction in staff today.
Oversee is the parent of some of the industry's
best known brands including DomainSponsor,
Moniker, SnapNames and the
DOMAINfest Global conference.
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The
official comment released by the company
indicated that some new hiring would also
be part of the workforce realignment. The
statement said, "As part of its plan to address new growth opportunities, Oversee.net has
realigned its work force resulting in a staff
reduction of 13 percent. These moves, along
with pending new hires, will allow the company
to leverage core assets to innovate more
effectively, improve competitive positioning and
achieve growth."
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Yesterday,
industry giant Directi announced
they are merging their two well-known
monetization platforms, BigJumbo.com
and DomainAdvertising.com into
one entity that will fly the DomainAdvertising
flag. |
The
company's announcement said, "This merger
combines the best features from each of the
platforms, further strengthens our position in
the domain parking market. The move
brings with it a gamut of advantages and
possibilities – the combination of
DomainAdvertising.com’s graphic-rich, topical
templates and BigJumbo.com’s superior keyword
optimization technology, more resources on the
account management and optimization front,
greater industry insights and access to more
intelligence– just to name a few."
DomainAdvertising
also had a major management change recently.
Former President Dan Warner quietly left
the company earlier this summer after serving in
that position since November
2009. The company's management
team is now being led by DomainAdvertising
Founder & CEO Divyank
Turakhia (who is also the co-founder
of Direct i, along with his brother Bhavin)
and Sr. VP for Business Development Andrew
Allemann (who is also well-known as the
founder of DomainNameWire.com).
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