Escrow.com acquired for $7.5 million by Freelancer.com

domainking131

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In breaking news, Australian company, Freelancer.com has reached an agreement to acquire Escrow.com for $7.5m in cash. Freelancer.com is the world’s largest freelancing and crowdsourcing marketplace by number of users and projects.

Freelancer.com has acquired the escrow service Escrow.com for $7.5 million in cash.
For many years, Escrow.com has been the company of choice used by many domain investors for their sales and acquisitions. Escrow also partners with eBay, GoDaddy, AutoTrader.com and Flippa.com and has a strategic partnership with the U.S. Commercial Service (USCS) in support of President Obama’s National Export Initiative designed to significantly grow US export volume.

Escrow.com had $5.05 million in revenue in the year 2014.

The complete chart of the revenue and more info can be found on WhizzbangsBlog
 
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