Emerge sells domain names to Shopify
By Derek Winkler
Toronto-based electronic commerce company Emerge Commerce has sold the Internet domain names Shop.ca and Shop.us to Ottawa-based online shopping company Shopify. According to the company, the sale is valued at $536,000. Both domain names now redirect to Shopify’s service.
“The Shop domains had been idle and non-revenue generating in recent years under Emerge ownership,” said Ghassan Halazon, CEO of Emerge. “Management felt that monetizing these dormant domains via a sale to Shopify in return for non-dilutive cash proceeds to fund future growth plans made perfect sense.”
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