Sedo

Last updated
  • Sedo.com, LLC (United States)
  • Sedo GmbH (Germany)
Type Subsidiary
Industry
FoundedFebruary 12, 2001 (2001-02-12)
Founder
  • Tim Schumacher
  • Ulrich Priesner
  • Marius Würzner
  • Ulrich Essmann
HeadquartersIm Mediapark 6B,
Cologne
,
Germany
Number of locations
3 offices (July 2013)
Area served
Worldwide
Key people
Products
Products list
Services
Services list
Revenue
  • Decrease2.svg EUR 116 million (FY 2010) [1]
Number of employees
182 (as of January 2012)
Parent United Internet

Sedo (an acronym for Search Engine for Domain Offers and stylised sedo) is a domain name and website marketplace and domain parking provider based in Cambridge, Massachusetts and Cologne, Germany. The company is a subsidiary of United Internet.

Contents

History

Sedo

Sedo was founded in 2000 by three German college students - Tim Schumacher (previous CEO of Sedo Holding AG), Marius Würzner (now COO of Sedo GmbH's German office), and Ulrich Priesner (currently CTO of Sedo) - and modeled after the core concept of Schumacher's Master's Thesis, "Price Formation in the Trade of Internet Domain Names". In February 2001, with 1&1 Internet AG's investment in the business through purchasing a 41% share, Sedo GmbH became an official entity in Cologne, Germany. [2] During the first few months, the company was operated solely by Schumacher and Essmann while Priesner and Würzner finished their studies. Helga Schackenberg became the first employee of the company, followed soon thereafter by Würzner. At the end of the year, Essmann left the company for nearly two years to complete his medical residency. In the meantime, Sedo moved into a bigger office in Cologne in 2002, and Matt Bentley joined the company to serve in Essmann's absence to oversee Sedo's development. Sedo's funding prior to IPO was N.M. Rothschild Holdings .

Sedo began planning in 2003 to open a subsidiary office in the United States. During this planning phase, Essmann returned to the company with a desire to lead overseas. Bentley and Essmann headed to America, with Jeremiah Johnston joining the team shortly afterwards as General Counsel. In 2005, the Sedo office was opened in Cambridge, Massachusetts (USA), under Sedo.com, LLC. [3]

In 2006, CEO Tim Schumacher temporarily joined the Cambridge office to assist with expansion into the US market, and the company introduced domain name auctions. [4] In 2007, Sedo took a minority investment in DomainsBot; [5] DomainsBot's technology later contributed to the update of Sedo's domain search tool. The company acquired GreatDomains.com, a competing online domain name marketplace, from VeriSign on June 19, 2007. [6] [7]

Expansion continued in 2008 as Sedo opened up shop in the United Kingdom, an operation headed by Hugo Dalrymple-Smith and Nora Nanayakkara. On February 24, 2009, Sedo purchased RevenueDirect, and formed a strategic partnership with its parent company, Dotster of Vancouver, Washington, to take advantage of the latter's services of helping businesses establish online profiles. [8] In March 2009, Sedo provided seed funding for the new start up Bloson.com, a social charity website. [9] Later in September 2009, Sedo acquired a competing domain monetization (parking) site, ParkingPanel, for an undisclosed amount. [10] On February 17, 2010, Sedo helped broker the purchase for the most expensive .org domain name ever—poker.org—for US$1 million. PokerCompany.com purchased the domain name. [11] Later that year, Sedo was awarded a Guinness World Records record for the sale of sex.com, the most expensive public domain sale at $13,000,000. [12]

On February 1, 2012, Tim Schumacher left his role as CEO of Sedo Holding AG to focus on other projects and join the company's supervisory board. Tobias Flaitz, formerly of the privately held German-based Hubert Burda Media, joined Sedo as the new CEO of both Sedo Holding AG (including Sedo's sister company, Affili.net) and Sedo. [13]

Sedo Holding AG

In 2009, Sedo's sister company within the Adlink Group, AdLINK Media, was sold to the Hi-media Group. [14] This sale led to the reorganization and renaming of the group to Sedo Holding AG in 2010. That same year, Sedo welcomed its sister company, Affilinet, to its Cologne office. Tim Schumacher was named CEO of Sedo Holding AG while retaining his leadership role within Sedo, and Liesbeth Mack-de Boer was named Chief Sales Officer (CSO) of Sedo.

Sales history

Sedo reports the following domain sales as the 20 highest sales they have helped broker since their inception in 2001:

RankDomain NameSale Price (in US$)Date
1Sex.com13,000,000
(Guinness World Records record) [12] 		2010
2Vodka.com3,000,000 [15] 2006
3Shopping.de2,858,945
(est. currency exchange) [16] 		2008
4Gambling.com2,500,000 [17] 2011
5Pizza.com2,600,000 [18] 7/7/2008
6Fly.com1,800,000 [19] 6/25/2009
7Russia.com1,500,000 [20] 2009
8Games.co.uk1,300,00011/21/2007
9Kredit.de1,169,175 [21] 12/4/2008
10Chinese.com1,120,000 [22] 7/23/2007
11Sexe.com1,150,000 [23] 10/29/2007
12Call.com1,100,000 [24] 2/9/2009
13Invest.com1,015,000 [25] 9/29/2008
14Poker.org1,000,000
(highest .org sale on record) [26] 		2010
15 Server.com 770,000 [27] 7/31/2009
16Ringtones.com750,000 [28] 2010
17Website.com750,000 [29] 2005
18Files.com725,000 [30] 2009
19Telecom.com700,000 [31] 2007
20Christian.com600,000 [32] 9/09/2009

Accreditations & business memberships

Accreditations

Better Business Bureau (A+ Rating) [33]

Business memberships

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References

  1. ↑ "SEDO HOLDING AG (SDO:Xetra)". BusinessWeek. 2011-09-22. Archived from the original on January 13, 2012.
  2. ↑ "Sedo's Ascent: How the German Juggernaut Became A Global Giant". DNJournal.
  3. ↑ "Sedo: Master of its Domain for 10 Years". Business Wire. 2011-02-03.
  4. ↑ "Sedo Introduces Online Auction Model to the Domain Name Marketplace". Sedo.com. 2006-10-17.
  5. ↑ "Sedo Invests in DomainsBot". WHIR Web Host Industry Review. 2008-01-31.
  6. ↑ "Sedo buys GreatDomains". Boston Globe. 2007-06-19. Retrieved 2010-06-01.
  7. ↑ "Sedo Acquires Industry Pioneer, GreatDomains". Recycled-Traffic.com. 2007-06-20.
  8. ↑ "Sedo buys RevenueDirect, inks partnership". Boston Business Journal. 2009-02-24.
  9. ↑ "Bloson: Where Interacting with Content Translates into Charitable Donations". BostInnovation. 2010-04-16.
  10. ↑ "Sedo Buys Domain Monetization Site ParkingPanel". WHIR Web Host Industry Review. 2009-09-25.
  11. ↑ Diaz, David (2010-02-17). "Poker.org sold for $1 Million, Most Ever For .org Domain". TechCrunch. Retrieved 2010-06-01.
  12. 1 2 "Sex.com sets Guinness record with $13M sale". NY Daily News. 2011-02-23.
  13. ↑ "Tim Schumacher To Resign as Sedo's CEO". DomainNameNews. 2011-12-05.
  14. ↑ "Ad Network Consolidation: Hi-Media Buys AdLink Media". TechCrunch. 2009-07-06.
  15. ↑ "Vodka.com domain sells for $3 million". Reuters. 2006-12-15.
  16. ↑ "Shopping.de sold for €1.96 million". Dominik's Blog. 2009-09-07.
  17. ↑ "Sedo Brokers Gambling.com Sale of $2.5 Million". BostInnovation. 2011-04-28.
  18. ↑ "Pizza.com domain name fetches millions". CNET. 2008-04-06.
  19. ↑ "Travelzoo Buys Fly.com Domain For A Lofty $1.8 Million". TechCrunch. 2009-01-30.
  20. ↑ "Mystery Buyer Coughs Up $1.5 Million For Russia.com". TechCrunch. 2009-11-26.
  21. ↑ "Kredit.de sells for $1.17 million". Daily Domainer. 2008-11-27.
  22. ↑ "Sedo Brokers Sale of Chinese.com for $1 Million". WebHostDirectory. 2007-07-24.
  23. ↑ "Sedo.com: Our Story". Sedo.com. 2011-02-08.
  24. ↑ "Call.com sells for $1.1 million". Total Telecom. 2009-09-03.
  25. ↑ "The Lowdown". DNJournal. 2008-09-29.
  26. ↑ "Poker.org sold for $1 Million, Most Ever For .org Domain". TechCrunch. 2010-02-17.
  27. ↑ "Sedo Sells Jesus.net and Server.com for Huge Profit". Softpedia. 2009-08-05.
  28. ↑ "Sedo.com Releases 2010 Market Trends Study with Q4 Highlights Revealing Steady Growth in the Domain Market and Opportunities Abound for Businesses and Investors". Business Wire. 2011-02-08.
  29. ↑ "Sedo Announces Highest Valued Domain Sale of 2005". Business Wire. 2005-07-20.
  30. ↑ "Sedo sells Files.com for $725,000 USD". TLDMagazine. 2010-03-29.
  31. ↑ "Domain Name- ' Telecom.com' Trades for $700,000". Domainertising. 2008-01-02.
  32. ↑ "Call.com Buyer Snaps Up Christian.com for $600,000". Domain Name Wire. 2009-09-04.
  33. ↑ "Sedo | Better Business Bureau® Profile". Better Business Bureau. Archived from the original on 2019-04-28. Retrieved 2019-04-28.
  34. ↑ "Unsere Marken: Mehrwert und mehr Erfolg - United Internet AG". United Internet AG. Archived from the original on 2019-04-28. Retrieved 2019-04-28.
  35. ↑ "Member Directory - InternetCommerce.org". InternetCommerce. Archived from the original on 2019-04-28. Retrieved 2019-04-28.
  36. ↑ "Board of Directors". Better Business Bureau. Archived from the original on 2019-04-28. Retrieved 2019-04-28.
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