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Schumacher said “The
U.S. market has become a cornerstone for Sedo’s future growth. I
felt the time was right for me to move closer to this key market and
lead our booming U.S. division through the next phase of
expansion.”
Sedo’s American
subsidiary has been the company’s fastest growing division. Under
the leadership of Bentley and President Ulrich Essmann (who
will continue to manage the U.S. office with Schumacher), Sedo
morphed from being primarily a European player into one of the
best-known worldwide brands in the domain aftermarket. Sedo's market
share in this space is close to 70%.
“Matt’s
tenure as CEO of Sedo.com LLC was extremely successful”,
Schumacher said. “It’s hard to believe that just two years ago
the Sedo.com brand name didn’t even exist. Today, thanks to the
great work of Matt and his talented team in Cambridge, the Sedo.com
name has become synonymous with leadership in the domain sales and
domain parking spaces.”
In recognition of
his good work, Bentley has been offered the newly created Chief
Strategy Officer's position with the parent company in Germany,
effective March 1. In his new role, Bentley will be
responsible for mapping out market and product strategy for the
entire Sedo organization.
“We’ve put
together an extremely talented team here in the U.S. and I fully
expect the growth and success of Sedo’s American operations to
continue under Tim’s leadership,” Bentley said. “At the
same time, I’m excited about applying some of what we’ve learned
in the U.S. market to improve global product development and
strategy for the entire organization."
Sedo has more
than 3 million domains available for sale on it's global network of
sites. The company has attracted more than 300,000 members worldwide
and helped more than 10,000 businesses establish their web identity
with a new domain name. In addition to Sedo.com,
Sedo offers regional versions of its site for the UK (Sedo.co.uk),
France (Sedo.fr),
Germany (Sedo.de)
and Spain (eSedo.com).
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