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Online Marketer Raises $150 Million To Expand Domains Business

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Online marketer will get $150 million from PE firm Oak Hill Capital Partners, as it plans to enhance its services in the domain name business. The LA-basedcompany has been moving sharply to beef up its domain names business over the past year; two weeks ago, it announced the acquisition of domain manager Moniker from Seevast and last year it acquired SnapNames. The announcement suggest that Oversee will likely make more acquisitions along these lines going forward. The size of the raise looks big, although it’s in line with some other funded companies in this area, including Demand Media, which has raised $320 million and Geosign which raised $160 million (though the company has struggled, with VCs getting some of their money back). Another competitor, NameMedia, filed for a $172 million IPO last year. This is the first outside investment in the company, which was founded by CEO Lawrence Ng in 2000. Release.