Reglikedomain industry desk

$7.5 million purchase of Escrow.com — Freelancer.com completes

$7.5 million purchase of Escrow.com — Freelancer.com completes

Deal was disclosed in April.

Escrow.comOnline freelancing marketplace Freelancer.com has completed its purchase of internet escrow service Escrow.com.

Freelancer.com disclosed in April that it agreed to purchase the firm for $7.5 million. Escrow.com generated $5 million in revenue and $1.2 million EBITDA last year on $220 million of transactions.

Freelancer.com has a market cap of AUS $800 million. It owns a number of online freelancer marketplaces, in addition to online marketing forum Warrior Forum.

Escrow.com came on Freelancer.com’s radar since CEO Matt Barrie used the service to close some transactions, counting the firm’s buyout of Warrior Forum.

To learn more regarding Freelancer.com and its plans for Escrow.com, listen to this podcast with Barrie I recorded shortly following the buyout was disclosed.

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