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| | founders = [[Ulrich Priesner]]<br/>, [[Ulrich Essmann]],<br/> [[Tim Schumacher]],<br/> [[Marius Würzner]] | | | founders = [[Ulrich Priesner]]<br/>, [[Ulrich Essmann]],<br/> [[Tim Schumacher]],<br/> [[Marius Würzner]] |
| | headquarters = Cambridge, Massachusetts, UK <br/> and Cologne, Germany | | | headquarters = Cambridge, Massachusetts, UK <br/> and Cologne, Germany |
| + | | employees = 150 |
| | keypeople = [[Tim Schumacher]], CEO<br> | | | keypeople = [[Tim Schumacher]], CEO<br> |
| [[Liesbeth Mack-DeBoer]], CSO <br> | | [[Liesbeth Mack-DeBoer]], CSO <br> |
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| '''SEDO''' stands for Search Engine for Domain Offers which is a [[domain name marketplace]] and [[domain parking provider]]. Based in Cambridge, Massachusetts and Cologne, Germany this company was founded in Germany in 1999. | | '''SEDO''' stands for Search Engine for Domain Offers which is a [[domain name marketplace]] and [[domain parking provider]]. Based in Cambridge, Massachusetts and Cologne, Germany this company was founded in Germany in 1999. |
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| + | According to its official website, the company has 150 employees from more than 25 countries at offices located in the United States, Great Britain, and Germany and 1 million customers with 16 million domain to sale. <ref>[http://www.sedo.com/uk/about-us/overview/?tracked=&partnerid=&language=e SEDO.co.uk]</ref> |
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| Sedo is a subsidiary company of the Sedo Holding AG [http://www.sedoholding.com Sedo Holding AG ] under German company [http://www.united-internet.de United Internet AG]. | | Sedo is a subsidiary company of the Sedo Holding AG [http://www.sedoholding.com Sedo Holding AG ] under German company [http://www.united-internet.de United Internet AG]. |
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| + | ==History== |
| + | According to Tim Schumacher CEO of Sedo.com, Sedo was founded in Cologne, Germany in 1999 as a student project by Tim Schumacher, Ulrich Priesner, and Marius Würzner. They had a website offensiv.de to distributed computer games and when the business was phased out, they had the idea to sell the domain. Thus the foundation of SEDO was made.<ref>[http://www.chefpatrick.com/interview-with-tim-schumacher-ceo-of-sedo-com/ Cheif Patrick.com]</ref>. Tim Schumacher also mentioned that SEDO started out with 5 employees working in a small office in downtown Cologne, Germany. |
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| + | In his book "International Entrepreneurship: Starting, Developing, and Managing a Global Venture" , Robert D. Hisrich mentioned that at the beginning of 2000, the founders bagan to advertise by purchasing banners in various websites and developing press relationship. Ulrich Essmann, a mediacal student working on a similar project like SEDO joined the team and his project added a significant contribution to SEDO. Finally the founders began negotiating with potential investors.In 2001, they found a major investor, United AG who at that time was Germany's largest register for domain names. United AG intially purchased a minor stake in newly founded SEDO but later bough about 41% for about 400,000 EUR. The rest of the shares were held by the four owners. In 2004 United bouugh additional 10% of SEDO's share by 575,000 thus making the four share holders minority holder of the business. |
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| ==References== | | ==References== |