openPR Logo
Press release

BIDPATH ACQUIRE LEADING EUROPEAN AUCTION TECHNOLOGY PROVIDER IN STRATEGIC EXPANSION

08-09-2019 10:35 AM CET | IT, New Media & Software

Press release from: Bidpath

BIDPATH ACQUIRE LEADING EUROPEAN AUCTION TECHNOLOGY PROVIDER

UK – Bidpath Ltd. (“Bidpath”) - A Leading Global Auction Software Company – today announced the strategic acquisition of German based auction technology provider, AuctioNovo GmbH (“AuctioNovo”). The company, headquartered in Dresden, is the leading provider of auction technology in Germany and Austria, and has a 20-year history of serving the auction community.

The AuctioNovo technology framework was originally acquired from Kommunikationsagentur Schultze. Walther. Zahel. SWZ, and was known by the brand name NetZone. AuctioNovo was founded by Harry Ralf Herrling and Bernd Kelchner in 2012 and has since achieved year-on-year growth as the software has been comprehensively developed. AuctioNovo will continue as usual in its day-to-day business activity but will become a wholly-owned subsidiary of Bidpath. Harry Ralf Herrling and Bernd Kelchner will continue in their roles as CEO and the AuctioNovo team will remain in their current roles, to be joined by new team members to drive further development and sales of Bidpath products and services throughout Europe.

David Brindley, President of Bidpath said: “We are delighted to have successfully acquired the AuctioNovo business as part of our strategic growth in the EMEA region. We are fully committed to the ongoing development and support of AuctioOffice, AuctioWeb and AuctioLive, and our team are looking forward to working with Bernd and Harry to drive product development and client acquisition throughout the region. The culture and business practices of AuctioNovo were a good fit for the Bidpath group, where we put the interests of our clients at the heart of everything we do.”

Bernd Kelchner, CEO of AuctioNovo said: “It’s an exciting time for AuctioNovo where we’ve grown significantly over the past 20 years to secure the foothold in Europe, which we are now excited to be able to develop as part of a larger Global group. We are looking forward to being able to deliver more dynamic, innovative and high-quality products and services to our existing clients, as well as taking the suite of Bidpath technology in to new areas of the industry, and new markets throughout the EMEA region.

Board Advisors Deutschland AG acted as sole M&A advisor to AuctioNovo GmbH and its shareholders.

ENDS

Bidpath Ltd
1-5 The Stud Offices
Redenham Park, Andover
Hampshire, SP11 9AQ

Contact:

Caroline Newton
press@bidpath.com
+44 (0) 845 163 0584

Bidpath is a world leading SaaS provider specialising in delivering dynamic technology solutions to the global auction industry. Established in 1999, our auction software empowers over 600 industrial and fine art auction clients with best of breed online bidding technology from enterprise to regional level, and in more than 27 countries.
Our feature rich timed and webcast auction technology is used at more than 15,000 auctions every year in the Art, Antiques, Collectables, Numismatic, Automotive, Industrial Technology, Medical, Construction, Mining, Real Estate, Retail, General/Wholesale Merchandise, Government Surplus and Aviation industries.
Our offices in the US, UK, Europe, South Africa and Australia service clients including Macy’s, Tennants Julien’s, RM Sotheby’s, GraysOnline, Marknet Alliance, Hindman, Car Next-LeasePlan, Cheffins, Simon Charles and Racehorse Trader.

AuctioNovo is the leading provider of auctioning software in Germany and Austria. For over 20 years, AuctioNovo has gathered experience in auctions and software development. Numerous auctioneers from various industry sectors appreciate the modularity and the quality of our auctioning software which include; AuctioOffice: Software for comprehensive auction management; AuctioWeb: Software for standard and timed online auctions and AuctioLive: Software for live webcast auctions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release BIDPATH ACQUIRE LEADING EUROPEAN AUCTION TECHNOLOGY PROVIDER IN STRATEGIC EXPANSION here

News-ID: 1820460 • Views:

More Releases from Bidpath

BIDPATH LAUNCHES CUTTING-EDGE PLATFORM AUCTIONPAY: Innovative Payment Processing for the Auction Industry
BIDPATH LAUNCHES CUTTING-EDGE PLATFORM AUCTIONPAY: Innovative Payment Processing …
Bidpath Inc. ("Bidpath") - A Pioneer of Global Online Auction Software - proudly announces the launch of AuctionPay, a complete payments platform for the auction industry that empowers auctioneers to grow their business through merchant services designed to save clients time and money. AuctionPay aims to revolutionize the way businesses and organizations manage online auctions, offering a comprehensive and user-friendly platform that enhances efficiency, security, and increases company profitability. Key
Bidpath Makes Further Appointments to Strengthen Internal Team
Bidpath Makes Further Appointments to Strengthen Internal Team
Calabasas, CA - Bidpath - A Leading Global Auction Technology Company - today announced the the appointment of Jeremy Piatt as Global VP of Operations and the promotions of Neil Nixon and Nicolette Alexander to Client Onboarding and Support Director for the UK and Europe and Director of Marketing and Sustainability, respectively. All three roles have been created to support Bidpath's further international expansion and long-term commitment to embedding environmental,
Bidpath Appoints New Managing Directors to Support International Growth
Bidpath Appoints New Managing Directors to Support International Growth
Calabasas, CA - The executive board of Bidpath - A Leading Global Auction Technology Company - announced today the appointment of Matt Corso and Caroline Newton as North American Managing Director and International Managing Director, respectively. As experienced business leaders, Matt and Caroline will assume responsibility for the leadership and development of Bidpath's regional divisions in North America, the United Kingdom, Germany and Australia. Matt Corso joined Bidpath earlier this year
Bidpath Win Best Technology Provider at the 2021 TRI Awards
Bidpath Win Best Technology Provider at the 2021 TRI Awards
UK – Bidpath Ltd. (“Bidpath”) - A Leading Global Auction Technology Company – are delighted to have been announced as winner of the Best Technology provider category in the 14th annual TRI Awards. The prestigious TRI Awards celebrate the companies and individuals at the forefront of their field across 25 areas of the turnaround, restructuring and insolvency, and it is the only event that recognises best practice and professional excellence

All 5 Releases


More Releases for AuctioNovo

CAHI AUCTIONEERS AID BIDPATH’S CONTINUED GLOBAL EXPANSION IN SOUTH AFRICA
UK – Bidpath Ltd. (“Bidpath”) - The Leading Global Online Auction Software Provider– are delighted to announce that we have continued to expand our EMEA regional presence in South Africa with Cahi Auctioneers (”Cahi”) one of South Africa’s leading property and moveable asset auctioneers, to provide them with proprietary private label online bidding technology. Cahi are one of the largest and longest established auctioneers in South Africa. Founded in 1987