JulienJ
Member
So after 4 hours of intrigue and guesses on Twitter, George Kirikos reveals that he discovered the 7 figure sale of Goto.com. GotoMeeting.com was the buyer.
From Sec Filings:
During the three months ended March 31, 2018, the Company entered into an agreement to acquire a domain name for $2.5 million, which was paid in April 2018. The Company also capitalized $6.0 million and $7.1 million during the three months ended March 31, 2017 and 2018, respectively, of costs related to internally developed software to be sold as a service incurred during the application development stage and is amortizing these costs over the expected lives of the related services.
GoToMeeting is a web-hosted service created and marketed by LogMeIn.
Source
From Sec Filings:
During the three months ended March 31, 2018, the Company entered into an agreement to acquire a domain name for $2.5 million, which was paid in April 2018. The Company also capitalized $6.0 million and $7.1 million during the three months ended March 31, 2017 and 2018, respectively, of costs related to internally developed software to be sold as a service incurred during the application development stage and is amortizing these costs over the expected lives of the related services.
GoToMeeting is a web-hosted service created and marketed by LogMeIn.
Source