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Dominion Enterprises

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Dominion Enterprises
Company typeSubsidiary
IndustryTechnology
Founded2006; 18 years ago (2006), in Virginia, United States
Headquarters,
United States
Area served
Worldwide
Key people
Charles Watkins (president and CEO)
ProductsSoftware and Information services
ParentLandmark Media Enterprises LLC
Websitedominionenterprises.com

Dominion Enterprises is a Norfolk, Virginia-based software and information services company for the automotive, power sports, real estate, travel and franchising industries. The businesses owned by Dominion Enterprises include DominionDMS, Activator, Dealer Specialties, Cross-Sell, DataOne Software, Prime Street, Franchise Ventures, DX1, ZiiDMS, and Travel Media Group.

History

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Dominion Enterprises was established in September 2006 by Landmark Communications, Inc. following a division of assets of its predecessor company, Trader Publishing, between shared owners Landmark and Cox Enterprises.[1]

In May 2017, it sold Dominion Web Solutions to European firm Eurazeo and Goldman Sachs Group’s merchant banking division for $680 million.[2]

In September, the company sold ForRent.com to CoStar Group for $350 million in cash and $35 million worth of stock.[3][4]

In April 2021, Dominion Enterprises announced the sale of Homes.com to CoStar Group Inc. for $156 million.[citation needed]

References

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  1. ^ Fell, Jason (2008-06-16). "As Weather Channel Deal Nears Closure, Eyes Turn to Magazine Division". FolioMag.com. Retrieved 2009-09-23.
  2. ^ Louch, Staff reporter and William. "Eurazeo and Goldman Sachs Team Up to Buy Dominion Web". www.penews.com. Retrieved 2019-09-10.
  3. ^ web, The Virginian-Pilot / from the. "Norfolk-based Dominion Enterprises sells ForRent.com". dailypress.com. Retrieved 2017-10-06.
  4. ^ Pierceall, Kimberly. "Parent company of The Virginian-Pilot sells ForRent.com for $350 million". Virginian-Pilot. Retrieved 2017-10-06.