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[[File:SnapNamesLogo.gif|right]]
[[File:SnapNamesLogo.gif|right]]
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 a 100% subsidiary of Oversee.net, a Los Angeles company that also owns other well-known brands such as DomainSponsor, Moniker and LowFares.com.
'''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 a 100% subsidiary of [[Oversee.net]], a Los Angeles company that also owns other well-known brands such as DomainSponsor, Moniker and LowFares.com<ref>http://oversee.net/</ref>.
==History==
==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 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 2007.
SnapNames was acquired by [[Oversee.net]] in the year 2007<ref>http://oversee.net/news/63</ref>. The terms of the deal were not disclosed. The company's then CEO, Mr. Sudhir Bhagwan, continues to operate the company as a standalone business unit.
==Business Model==
==Business Model==
The company operates the buying and selling of domain names through online auctions. The company offers three major facilities to its clients:
The company operates the buying and selling of domain names through online auctions. The company offers three major facilities to its clients<ref>https://www.snapnames.com/aboutus.jsp</ref>:
- Daily auctions: Interested buyers have the facility to visit the site and browse through a daily listing of the registered domain names that are available for sale, and bid for them.
- Daily auctions: Interested buyers have the facility to visit the site and browse through a daily listing of the registered domain names that are available for sale, and bid for them.