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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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BrandIT
Acquires Igloo.com to Create a New Corporate
Domain Management Dream Team
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BrandIT
GmbH (BrandIT)
a European-based leader in Corporate
Domain Name Management
specializing in Strategic Domain
Consulting, Domain Portfolio
Services, Online Brand Protection
and Enforcement and Legal in Digital and Igloo.com
(Igloo) a Global Domain and
Website Brokerage, announced
today they have reached an agreement
under which BrandIT will acquire
Igloo for an undisclosed sum.
BrandIT has clients worldwide with
offices in Switzerland, the UK,
Denmark and Brazil.
Igloo,
founded
by Dr. Gregg McNair &
Tessa Holcomb as Domain
Advisors in 2010 before rebranding
to Igloo.com in 2013,
has been a
leading broker of premium domain
names and websites known for its
discretion, white-glove
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service,
and proven results. The company’s main
focus has been working with clients
on
their
overall brand strategy,
educating end-users on the
importance of owning the right
domains and intellectual property
assets, and both divesting of and
acquiring high value domains for
companies and investors alike. With
over $140 million in
brokerage transactions, Igloo has
made a significant impact in the
domain industry by capitalizing on
personal relationships, hard work
and the dedication of its
extraordinary team.
As
part of its expansion plans, BrandIT
intends to include Igloo’s online
marketplace and the
recent roll out of their exclusive Premium
Broker Network, both of
which the company credits for
increased engagement and financial
results.
While
the US Market has been in
BrandIT’s line of vision for some
time now, they have been waiting for
the right channel for growth.
A joint release about the acquisition
noted, "BrandIT and Igloo are
two purpose-driven organizations
that are well aligned
strategically, sharing a strong
track record of performance and a
deep commitment to delivering the
highest level of quality, integrity,
innovation and service. This is a
perfect match of two companies with
complementary skill sets, strengths,
values and reputations for
delivering superior results. The
combination of BrandIT’s and
Igloo’s skills, teams and
impressive client lists will create
a highly differentiated company
uniquely positioned to bring a fresh
approach to corporate domain
services."
BrandIT
CEO & Founder, Jesper Knudsen
said, “In searching for the
right people to bring BrandIT to
North America, we couldn’t think
of any team better suited for the
job. Igloo’s experience with the start-up
and VC communities speaks
volumes and their reputation, both
individually
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Jesper
Knudsen
BrandIT CEO & Founder |
and collectively, is
second to none. Amanda
Waltz and Tessa Holcomb
represent the experience,
professionalism, integrity and drive
we were looking for. We have no
doubt that the new BrandIT North
America team will exceed all
expectations.” |
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Amanda
Waltz
Igloo.com VP of
Sales &
Acquisitions |
Tessa
Holcomb
Igloo.com Co-Founder
& CEO |
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Igloo.com Vice President of Sales
& Acquisitions, Amanda Waltz,
added, “Becoming part of the
impressive BrandIT team makes it
possible for us to offer our clients
the opportunity to work with a
proven leader in brand protection
and corporate domain management. Our
goal is to respond to the growing
intellectual property needs of
companies today with the same
personalized, concierge service our
Igloo clients have become accustomed
to.”
Tessa
Holcomb, Igloo.com Co-Founder
& CEO, said, “The best part of
my job has been the privilege of
getting to know our clients personally,
forging those relationships, and
sharing in the excitement as their
businesses grow. I’m excited to
bring the Domain Advisors vision full
circle by working with our
clients to secure, manage and
protect their brands. We have great
respect for the BrandIT team and
find in them a similarly strong,
results-oriented culture that
prioritizes execution and long-term
value creation. We look forward to
this next chapter and accelerating
BrandIT’s growth in North
America.” |
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