Sedo Selected as "Entrepreneur of the Year 2007" in Germany by Ernst & Young
Sedo Amongst the Entrepreneurial Elite in Esteemed Annual Competition
October 25, 2007; 03:27 AM
honored to receive such prestigious recognition from Ernst & Young,” said
Tim Schumacher, CEO of Sedo. “It is a
testament to the hard work of the Sedo team and its commitment to innovation
and market leadership in the domain name economy, a market driven by
entrepreneurs from every corner of the world.
We look forward to building on this achievement as we bring new services
and offerings to better serve domainers as we enter 2008.”
panel found Sedo, which was founded in 2001 by Tim Schumacher, Ulrich Priesner,
Marius Wuerzner, and Ulrich Essman, as a shining example of what Ernst &
Young seeks to celebrate through this annual awards competition. Sedo was recognized with this esteemed honor
due to its high growth and excellent innovation. Another factor which was considered was the
growth in revenue, exemplified by the fact that Sedo has seen over 100%
increases in revenue yearly. The company
itself has been growing as well, with more than 150 employees now working for
Sedo in Cambridge, Massachusetts
and Cologne, Germany.
clearly demonstrates what many of the German companies have not incorporated
into their strategy: a very early and successful internationalization. At Sedo, more than 70% of daily business
occurs outside of Germany,
and Sedo’s employees come from more than 20 different nations,” said Carsten
Knop from the Frankfurter Allgemeine Zeitung.
has been a landmark year of innovation and growth for Sedo, fueling its market
leadership and recognition in this year’s Ernst & Young Entrepreneur of the
Year competition. With more than nine
million domains for sale on its marketplace and more than 580,000 registered
users worldwide, Sedo facilitates nearly 5 million $US in transactions
monthly. Extending its leadership
position in the domain name sector, in June 2007 Sedo acquired
GreatDomains.com, the established marketplace focused exclusively on the
trading of high-quality, generic domain names.
In addition, Sedo established a strategic partnership with dotMobi to
serve as the domain auction platform for premium dotmobi domains beginning in
competition, “Entrepreneur of the Year”
& Young is the worldwide organizer of the “Entrepreneur of the Year”, which
is held in 50 countries. This is the
eleventh competition to be held in Germany. The award is given to businesses for their
outstanding achievements and demonstration of excellence.
Sedo, an acronym for “Search Engine for Domain Offers,” is the leading online marketplace where users buy and sell domain names and websites. Headquartered in Cambridge, Mass., Sedo has assembled the world's largest database of domain names, with more than nine million listed for sale by their owners. The success of Sedo’s model has attracted a global membership base of more than 580,000 domain professionals. Sedo is majority-owned by AdLINK Group (ISIN DE0005490155 / German WKN: 549015), which is part of the German United Internet AG (ISIN DE0005089031/ WKN 508903). Sedo offers regional versions of its site for the UK (Sedo.co.uk), France (Sedo.fr), Germany (Sedo.de), and Spain (Sedo.com). For additional information, please visit www.sedo.com.
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