Freelancer.com recently acquired Escrow.com for $7.5 million.
Freelancer is a public company (FLN:Australian Stock Exchange Ltd) with 15 million users in 247 countries and a market cap of more than $460 million.
Ron Jackson of DNJournal.com had a chance to interact with Freelancer's CEO and Chairman Matt Barrie and Escrow.com President Brandon Abbey.
Here is an excerpt from the article published on DNJournal:
" Matt and Brandon said it will be business as usual at Escrow.com with no changes in the widely respected staff other than adding more employees as Freelancer's resources are thrown into growing the business and using it to take advantage of new opportunities.
Barrie is especially excited about the potential Escrow.com has to help the company become a major player in the payments space. While millions of Internet transactions are made every day Barrie pointed out that one thing is lacking from the vast majority of them - something very highly valued by buyers and sellers alike - security. If Escrow.com is synonymous with anything - it is security. When you pay be credit card your data can be stolen, a seller who accepts PayPal can get hit with a charge back, losing both the money and their merchandise, etc. At this stage Barrie doesn't want to reveal the payments strategy he has in mind but based on his track record of turning small companies into major corporations with market caps in the hundreds of millions of dollars, anything is possible."
The complete article may be found on DNJournal
Related NamePros Thread:
Escrow.com purchased for $7.5 million
Freelancer is a public company (FLN:Australian Stock Exchange Ltd) with 15 million users in 247 countries and a market cap of more than $460 million.
Ron Jackson of DNJournal.com had a chance to interact with Freelancer's CEO and Chairman Matt Barrie and Escrow.com President Brandon Abbey.
Here is an excerpt from the article published on DNJournal:
" Matt and Brandon said it will be business as usual at Escrow.com with no changes in the widely respected staff other than adding more employees as Freelancer's resources are thrown into growing the business and using it to take advantage of new opportunities.
Barrie is especially excited about the potential Escrow.com has to help the company become a major player in the payments space. While millions of Internet transactions are made every day Barrie pointed out that one thing is lacking from the vast majority of them - something very highly valued by buyers and sellers alike - security. If Escrow.com is synonymous with anything - it is security. When you pay be credit card your data can be stolen, a seller who accepts PayPal can get hit with a charge back, losing both the money and their merchandise, etc. At this stage Barrie doesn't want to reveal the payments strategy he has in mind but based on his track record of turning small companies into major corporations with market caps in the hundreds of millions of dollars, anything is possible."
The complete article may be found on DNJournal
Related NamePros Thread:
Escrow.com purchased for $7.5 million