PHOENIX, July 20 /PRNewswire-Asia/ -- inter123 Corporation, a leading Information Technology and New Media private equity firm, today announced that it entered into a definitive agreement for the sale of the Internet domain Demand.Com to Demand Media Inc.
(LOGO: http://www.newscom.com/cgi-bin/prnh/20090720/LA47416LOGO )
The sale of the internet domain further strengthens inter123 Corporation as one of the leading technology investment and private equity firms in the Southwest. "This transaction demonstrates our increasing activity throughout the region," said Jeffrey Peterson, Chairman and President of inter123 Corporation.
"We are pleased to work with inter123 Corporation on securing this domain name as we expand our corporate branding efforts," explained Richard Rosenblatt, Co-Founder, Chairman and CEO of Demand Media Inc.
The terms of the agreement were not disclosed.
ABOUT INTER123 CORPORATION
inter123(TM) is a Nevada based private equity firm that specializes in Information Technology and New Media companies. inter123 principals are accomplished professionals with decades of operations and senior management experience in IT and new media companies. inter123 has offices in Las Vegas, NV and Phoenix, AZ. Current portfolio companies include Vator.TV and Sitesearch Corporation.
ABOUT DEMAND MEDIA
Demand Media(TM) owns and operates the Internet’s leading curated content and distributed social media platform. The privately held company was founded in May 2006 and is based in Santa Monica, CA, with offices in Bellevue, WA, Austin, TX, New York, NY and London, UK. For more information about Demand Media, Inc., please visit: http://www.demandmedia.com .
