Irish software company, TeamworkPM, recently bought the domain name Teamwork.com for a staggering $675,000 (c. €500,000).
However, with turnover nearly doubling to over $12m in just 12 months, the firm seems happy to afford such largesse.
“Negotiations took over two years and this is the first time that the domain ‘teamwork.com’ will actually be used, having remained dormant since it was acquired by the original owner in 1999,” says Peter Coppinger, co-founder and CEO, Teamwork.com.
“We believe it to be one of the most expensive ever purchased by an Irish company. We are 100% confident that the investment will pay for itself.”
Teamwork’s software is used by over 20,000 companies in over 147 countries worldwide to manage projects and streamline day-to-day operations.