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March 07, 2017

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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.

Epik Expands with Acquisition of Domain Name Marketplace Undeveloped.com

Epik Holdings Inc., the operator of U.S. based domain registrar Epik.com, has acquired Netherlands based domain marketplace Undeveloped.com for an undisclosed price. The deal was announced on the Undeveloped.com website this morning. Undeveloped will operate as a wholly owned subsidiary of the Epik group of companies with their current management team remaining in place. The agreement will allow Undeveloped to introduce a "full-service solution for buying, selling, leasing and managing domains."

The Undeveloped release added that the deal will "help Undeveloped further accelerate the growth of its marketplace for digital brands, after more than doubling transactions in 2016, while accelerating Epik’s international expansion." 

Epik Founder and CEO Rob Monster (left) and Undeveloped Found and CEO Reza Sardeha 
in Amsterdam where Epik's acquisition of Undeveloped was announced today.

Undeveloped Founder and CEO Reza Sardeha said, "By combining Epik’s reputation, market knowledge, worldwide presence, and complementary technology, we expect to be able to create an even more appealing solution for our customers. A vastly improved Undeveloped marketplace will accelerate the progress of more development-grade domains into becoming thriving Digital Brands used in commerce. All things considered, we could not have asked for a more worthy or more capable partner at this exciting time in the history of the Internet."

Epik Founder and CEO Rob Monster, who is Dutch-American, added, "“We have spent the past 5 years developing and operating an integrated set of solutions to help domain investors navigate the life-cycle of their domain investments. With this acquisition, we add another company with potential for hyper-growth. This acquisition has all of the things that I look for in a deal: great leadership, differentiated technology, and complementary locality. The expanded presence in Amsterdam will significantly increase our capacity to deliver to customers in Europe, Middle East and Africa, the type of Legendary Support and customer-centric innovation that our customers have come to expect from us.” 

Epik customers can seamlessly use the services of Undeveloped through the same single-sign-on that already powers existing services at Epik.com, Anonymize.com and Masterbucks.com.

(Posted March 7, 2017)

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