Reglikedomain industry desk

Sedo Purchases ParkingPanel

Sedo Purchases ParkingPanel

Sedo purchases another domain name parking firm.

ParkingPanelIn a long rumored transaction, Sedo has purchased domain name parking firm ParkingPanel.com for an undisclosed price.

ParkingPanel was launched in 2006, but ran into a few roadblocks. In March of 2008 it lost its advertising feed and was forced to look for an alternate provider. It disclosed its relaunch in August of 2008. But, like many modest domain name parking firms, it has faced a tough slough in today’s domain parking environment.

Sedo will incorporate the ParkingPanel.com brand into its own, and transition all of ParkingPanel’s clients over to Sedo. This transition ought to be completed ahead of the end of the month.

Sedo purchased another modest parking firm, RevenueDirect, in February of 2009 for $825,000.

Also on the wire

Other reporting from the domain desk.

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