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SnapNames

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{{CompanyInfo|
| logo = SnapNamesLogoSnapnames.gifjpg
| type = Private
| industry =
| founded = 2000
| founders = [[Raymond King]] and [[Ron Wiener]]
| ownership = [[OverseeWeb.netcom]], 2007(2014-current) <br />[[KeyDrive SA]], (2012-2014)
| headquarters = 1600 SW 4th Ave, Portland, OR 97201
| country = USA
| blog =
| facebook =
| linkedin =
| twitter = MonikerSnap
| keypeople = [[Mason ColeCraig Snyder]], CEO<br>
}}
'''SnapNames''' is an online marketplace for resale of domain names. The company offers a platform for buyers and sellers of domain names to transact business in a secure, transparent environment. The company is located at Portland, Oregon, USA.  SnapNames is owned by [[Web.com]], who acquired the company from [[KeyDrive SA]] in February 2014.<ref>[http://domainincite.com/15954-snapnames-acquired-by-web-com SnapNames Acquired by Web.com, DomainIncite] Retrieved 4 March 2014</ref> It transferred ownership to KeyDrive SA in January 2012 after previously being a 100% subsidiary of [[Oversee.net]]. The deal between KeyDrive and Oversee.net also involved the acquisition of SnapNames' partner, [[Moniker]], a Los Angeles and made [[Key-Systems]]' holding company that also owns other well-known brands such as , KeyDrive SA, the world's 6th largest [[DomainSponsor.comICANN]], -accredited [[Moniker|Moniker.comregistrar]] and LowFares.com.<ref>[http://overseedomainnamewire.netcom/2012/02/01/keydrive-acquires-moniker-and-snapnames/KeyDrive Acquires Moniker and SnapNames, DomainNameWire.com]</ref>
==History==
SnapNames was co-founded in 2000 by [[Raymond King]] and [[Ron Wiener]].<ref>http://www.dnjournal.com/columns/coverstory3.htm</ref> The company is a genesis of an idea that Raymond King, while tracking a domain name which he wanted for himself, and whose registration expiry date was nearing. King wrote a programming script that enabled him to know the moment the domain name expired, so that he could quickly move in and re-register it in his name. His success led him to the founding of SnapNames, with the objective of providing its services to corporate clients who wanted to guard their domain names from accidental deletion from the domain registry. The company later expanded into offering its services to individual buyers who wanted to buy domain names which were being deleted from the registry.
SnapNames was acquired by [[Oversee.net]] in the year 20072008.<ref>http://oversee.net/news/63</ref>. The terms of the deal were not immediately disclosed. The company's then CEO, Mr. [[Sudhir Bhagwan]], continued to operate the company as a standalone business unit until 2008.Its operations were later tied to [[Moniker]].<ref>[http://domainnamewire.com/2012/02/01/keydrive-acquires-moniker-and-snapnames/ KeyDrive Acquires Moniker and SnapNames, DomainNameWire.com]</ref>
==Business Model==
In order to contain the damage, SnapNames terminated the employment of Mr. Nelson Brady in 2009. The company also offered a rebate - with 5.22% interest (the highest applicable federal rate during the affected time period), to affected customers for the difference between the prices they actually paid and the prices they would have paid, had the employee not bid in the auctions<ref>http://www.namepros.com/domain-name-discussion/621078-halvarez-at-snapnames-auctions-uncovered.html</ref>. An independent forensics firm, Rust Consulting, was hired to estimate the refund amount.
 
==Monte Cahn, SnapNames and Oversee==
History (before joining KeyDrive SA):
Since 2008 Monte Cahn served as President of Moniker and [[SnapNames]].<ref>[http://www.blueglass.com/speakers/monte-cahn/ BlueGlass.com]</ref> He left in December, 2010; in May, 20111 he filed a lawsuit against his former employer.<ref>[http://www.dnjournal.com/archive/lowdown/2011/dailyposts/20110505.htm DNJournal.com]</ref> He filed suit against Oversee, and named its CEO, [[Jeff Kupietzky]], and its founder, [[Lawrence Ng]]; the suit was over alleged non-payment of a $13 million USD incentive plan.<ref>[http://domainnamewire.com/2011/05/04/monte-cahn-sues-oversee-net-over-13-million-incentive-plan/ DomainNameWire.com]</ref>
 
In September, 2011, Mr. Cahn updated his claims of breach of contract and fraud after a judge tossed out his original claim. The new claim now contains specific language on how Oversee.net allegedly affected Moniker's revenue. He now states that the original acquisition was in violation of an agreement between [[Google]] and Oversee, and that Oversee improperly deflated Moniker's revenue and performance numbers.<ref>[http://domainnamewire.com/2011/09/08/monte-cahn-updates-lawsuit-against-oversee-net-with-new-details/ Monte Cahn Updates Lawsuit, DomainNameWire.com]</ref>
== Contact Information ==
[[Category: Companies]]
[[Category: Registrars]]
[[Category: Past SponsorSupporters]]
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