Reglikedomain industry desk

Escrow.com purchased for $7.5 million

Escrow.com purchased for $7.5 million

Firm known for securing domain name transactions is purchased by Australian firm.

Escrow.comFreelancer.com, an online marketplace for freelance services, has purchased escrow service Escrow.com for $7.5 million.

Escrow.com is a popular service among domain name investors and has handled over $2.2 billion worth of transactions to date.

Margins for escrow services are slim, and today’s buyout notice puts it in perspective: Escrow.com handled $220 million transactions last year, generating $5 million in revenue and just $1.2 million EBITDA.

Escrow.com will remain a California based firm and will operate as usual going forward.

Freelancer.com recently raised AUD$10 million, in part to fund the buyout.

I’ve reached out to Escrow.com president Brandon Abbey to find out if he will be continuing with the firm.

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