Escrow.com purchases Agreed.com escrow service

Escrow service that launched this year is gobbled up by largest online escrow firm.

For the past year, the number of online escrow firms targeting the domain industry has grown considerably. It’s regarding to shrink by one.

Escrow.com disclosed today that it has purchased Agreed.com from Thought Convergence. This is Thought Convergence’s second divestiture in as many weeks; the prior week it disclosed the sale of Aftermarket.com.

Agreed.com launched in January of this year. Aimed squarely at the domain business, the escrow service focused on usability and domain transaction-friendly features to gain fresh clients.

Escrow.com President Brandon Abbey told Reglike that a couple things drew him to Agreed.com.

“They’re the only other escrow firm that has products specifically designed for the domain industry that has any kind of license in the US,” stated Abbey. “Their technology is very compelling,” he added.

Escrow.com will integrate certain aspects of Agreed.com’s technology. Agreed.com will no longer exist as a standalone services and the domain name will forward to Escrow.com.