Pager company Spok Holdings Inc. (NASDAQ: SPOK) disclosed in its latest quarterly filing with the U.S. Securities and Exchange Commission that it successfully sold a domain name last quarter, generating $701,000 in profit.
Although Spok Holdings did not specifically identify the domain name, it appears to be arch.com, a domain with deep historical ties to the company.
In 2004, Arch Wireless merged with Metrocall Holdings to form USA Mobility. Ten years later, in 2014, the company changed its name to Spok. For many years, Spok forwarded the arch.com domain to its official website. However, in April of this year, the domain’s status changed to pending transfer. Spok subsequently transferred the domain from Network Solutions to Squarespace Domains.
The buyer of the domain is Arch, a company that helps alternative investment firms aggregate data in a standardized format for investors and advisors. This acquisition marks a significant and crucial upgrade for Arch. Previously, Arch had been using the arch.co domain, but after acquiring arch.com, they forwarded it to arch.co.
Notably, Arch has raised over $25 million in funding, and with this momentum, choosing a .com domain that aligns with its brand is undoubtedly a crucial step in its development.
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