OMAHA, Neb.--(BUSINESS WIRE)--Proxibid (www.proxibid.com), the world’s largest, most trusted online marketplace for buying and selling high value and specialized assets, continues to report strong growth despite the economic climate. Revenue for the Company increased 25% year-over-year from 2011 as more sellers rely on Proxibid as a key component of their asset disposition strategies. Advertising revenue for the same period increased 161%, further illustrating the value of the Proxibid Marketplace to reach targeted, active buyers.
“Proxibid continues to grow at a strong pace”
Online buyers continue to rely on Proxibid as the most secure online destination to buy everything from heavy construction equipment to rare antiques, as evidenced by the nearly 42% increase in buyers in 2012 compared to 2011. The Company also reported a 16% increase in the number of events taking place in the Marketplace in 2012 over the number of events in 2011.
“Proxibid continues to grow at a strong pace,” said Ryan Downs, President and CEO. “We continue to see increases in bidding activity as more sellers and buyers find value in using the Proxibid Marketplace for both liquidating and purchasing high value, unique or rare assets. This, combined with key new clients such as RDO Equipment and Titan Machinery, has helped to fuel excitement in the Marketplace.”
In addition to strong growth, the Company also boasts the strongest network of qualified sellers of any online provider. In the second half of the year, Proxibid secured partnership agreements with a large number of its sellers who have committed to bringing their sales exclusively to the Proxibid Marketplace. In 2012, Proxibid secured strategic partnerships with uShip, WeGoLook and Wavebid, enabling the Company to provide buyers and sellers with value added services they cannot access elsewhere.
Proxibid provides sellers with a unique opportunity to leverage multiple sales methods to reach the most targeted and active buying community online. For buyers, Proxibid offers access to a vast array of content and the safest place to transact business on the Web.
For more information about Proxibid please visit www.proxibid.com.
Proxibid provides asset owners of all sizes and buyers with access to the world’s largest, most trusted online marketplace and selling solutions for excess inventory. More than $2 billion in inventory passes through Proxibid’s marketplace annually in product categories that include heavy equipment; commercial and industrial equipment; real estate; fine art, antiques and collectibles and more.
Founded in 2001, Proxibid is headquartered in Omaha, NE. For more information about Proxibid, please visit www.proxibid.com.