Dominion Enterprises Explained

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

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.

Notes and References

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