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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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ParkingCrew Parent
Team Internet Sells Majority Interest in Company
to Matomy Media Group
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A
global digital-performance-based
marketing company, Matomy
Media Group, has
acquired a majority ownership
position in the Munich, Germany
based direct navigation search
company Team
Internet AG, the
parent company of popular domain
monetization providers ParkingCrew.com.
As part of the deal, Matomy will
increase a 20% ownership
stake it already held in Team
Internet to 70%. Matomy will
also integrate Team Internet
products into its multi-channel
suite of performance-based marketing
capabilities.
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Team
Internet, a company that
generated revenue of $23.3
million in 2013 with EBITDA of $4.16
million, also operates DNTX,
a performance-oriented marketplace
for direct navigation search traffic
for desktop and mobile devices. Team
Internet will
continue to be led by its three
founders, under the direction of CEO
Nico Zeifang, who will work
with Matomy’s global management
team.
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Matomy
CEO Ofer Druker said:
“Team Internet has developed
an innovative approach to
incorporating
performance-based marketing
capabilities that are based on
an optimization algorithm
within the direct
navigation business for both
desktop and mobile devices.
The company’s founders –
CEO Nico Zeifang, Chief
Operating Officer Stefan
Wiegard, and Chief
Technology Officer Mario
Witte, along with the
entire Team Internet team –
will bring s |
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Team
Internet CEO9O Nico Zeifang |
ignificant
knowledge and capabilities to
Matomy. This acquisition will
enable us to broaden our scale
and offer additional reach to
our growing base of global
advertising clients.”
CEO
Nico Zeifang said 'This
is a defining move for
the Team Internet business and
our team. With the support of
Matomy and its global reach we
will continue to accelerate
our growth and increase our
market share through the
deployment of innovative
technology and
capabilities.”
Team
Internet currently reaches
more than 100 million
unique users per month, and
its Parking Crew service has
monetized more than 23
million domains over the
last four years. In addition,
the company processes more
than 3 billion ad placement
bids per month across its
DNTX platform. In November
2013, the company won the
prestigious Deloitte
Technology Fast 50 (Rising
Stars) award for Germany. |
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(Posted
June 24, 2014)
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