Sedo Buys ParkingPanel

Another domain parking company bites the dust.  Times are tough for domain parking companies, and the consolidation continues.  Sedo announced today that they have taken over ParkingPanel, a domain parking company originally started by StormWest.  Earlier this year Sedo bought RevenueDirect and integrated their customers and some of their technology.  They plan to do the same with ParkingPanel, including their technology that uses “Total Semantic Relevance” keyword technology and real-time multi-variable testing  to increase revenue and optimize templates.

Tim Schumacher, CEO of Sedo commented that

“This is an excellent opportunity for Sedo to extend our parking program’s industry leading services to ParkingPanel.com’s customers.  We look forward to a smooth integration of the ParkingPanel.com brand into Sedo’s community of domain buyers and sellers. This acquisition is another example of Sedo’s commitment to sustaining growth and increasing our membership throughout the year.”