OpenTech Acquires Two More Online Self-Storage Auction Platforms
OpenTech Alliance, a PropTech leader in self-storage that assumed ownership of StorageTreasures.com in September of this year, has announced that it has now acquired SelfStorageAuction.com, a U.S.-based online auction platform, and iBid4Storage.com, the leading online auction website in Canada. OpenTech had also acquired another US-based auction website, StorageStuff.Bid, back in 2018.
This new deal also includes licensed versions of iBidOnStorage in the UK, Europe, South Africa, and Australia, supporting over 150 self storage brands in the UK alone. These platforms will continue to operate independently, with OpenTech expanding its support of these partnerships. The company will also explore opportunities to leverage its resources in these regions to drive further growth for the iBidOnStorage businesses.
“We’re excited to grow our online auction footprint in the US and around the globe,” said Robert A. Chiti, Chief Executive Officer at OpenTech Alliance. “Over the next 12–24 months, we’ll work closely with our customers to identify the best ways to enhance auction performance, while also introducing innovative tools and services that will create added value for both buyers and sellers.”
According to a press release, users of all platforms can expect a seamless transition, with no immediate changes to their experience. OpenTech says it plans to integrate existing customer service teams into its auction operations to expand the number of representatives supporting customers of the new sites, increase marketing efforts to improve average sale prices, and leverage the combined resources of its engineering, accounting and sales teams.
OpenTech’s goal is to use its advanced data insights and marketing expertise to attract more bidders and boost auction visibility on both SelfStorageAuction.com and iBid4Storage.com. User feedback will guide the development of new services and features to benefit both sellers and buyers, helping to ensure that the platforms continue to evolve to meet the demands of the growing online auction market.
Further Reading:
OpenTech Secures Ownership of StorageTreasures
OpenTech Alliance Launches StorageTreasures Storage Auction App
More Content
Popular Posts
The self storage industry is in a precarious...
The REITs new pricing strategy – lowering...
There are an estimated 700,000 hotels in the...
In a booming economy, expendable income...
Boat and RV storage has morphed and...
With the approval of both companies’...
Self-storage is not an industry that is...
The question of “abandonment” of stored...
National Storage Affiliates Trust (NSA), the...
It’s said that necessity is the mother of...
It’s odd that I ever get the “last word,”...
Mother Nature can be a cruel mistress....
As children, most of us played “follow the...
Over the last five years, as the use of...
XYZ Storage wants to make life for its...
Recent Posts
Forty miles from Manhattan but feeling a...
Every industry has noteworthy members. This...
According to Harvard Business Review, 80...
Hong Kongers are known for their...
There are few things in life that stay with...
“My story is kind of boring,” laughs Jason...
Making a name for itself as a premier...
This August, Extra Space Storage celebrated...