13.12.2019

AuctionTech: Launches digital offer management solution for real estate sales with market leader in Switzerland


 


DGAP-Media / 13.12.2019 / 12:10

 

PRESS RELEASE
 

AuctionTech launches digital offer management solution
for real estate sales with market leader in Switzerland

 

Berlin, December 13, 2019 - AuctionTech, Berlin-based software provider of tailor-made online auction solutions, rolls out its already successfully running "Digital Offer Management" to Switzerland and has formed a far-reaching partnership with market leader RE/MAX Switzerland. RE/MAX is the largest real estate agent network worldwide and unrivalled market leader in Switzerland. The new Digital Offer Management solution is marketed under the name "DAVE" and consists of an innovative online solution, which completely digitises and simplifies the real estate sales and pricing process.

The Digital Offer Management process was developed as a white-label solution by AuctionTech and is already being used with outstanding results by the Austrian real estate market leader: So far over 600 properties have been successfully marketed via the Digital Offer Management solution, which achieved on average 5-10% better prices than traditional offline sales. In addition, the entire purchase offer process is 100% transparent, secure and fair, as everything is digitally documented, and customers always know exactly where they stand and thus have a fair chance to make their best offer on their dream home. In addition, this innovative online solution enables a much faster sale completion and saves real estate agents about 30% of their time thanks to fully digitised processes and integration into existing IT systems.

Rainer Jöhl, CEO of RE/MAX Switzerland, sees the Digital Offer Management solution developed by AuctionTech as a groundbreaking innovation that completely redefines the real estate sales process, adding: "The Digital Offer Management solution is a real game changer, thanks to its clear, trustworthy and efficient process, which provides sellers, buyers and agents alike with outstanding benefits. This is the way real estate will be sold in the future!". The Digital Offer Management solution has already been successfully tested in Switzerland over a period of several months with outstanding customer feedback and is now available in four languages in all parts of the country.

Jan Thiel, CEO of AuctionTech, views the great success of the Digital Offer Management as further evidence that online auction-based sales solutions create the best possible market transparency and thus achieve the fairest market price for all participants in the shortest possible time. At the same time, he considers the real estate agent as a pivotal role, but also believes that this role will be different in the future, adding: "The estate agent will not be replaced by technology but digital solutions will play a key role in supporting the agent in the sales & pricing process so the agent can focus on what s/he does best: sourcing and sales advice for unique real estate properties."

Building on its successes in Austria and Switzerland, AuctionTech plans to roll out the Digital Offer Management solution to other European countries and expand its range of tailor-made B2B software solutions for real estate sales.
 

Public and Investor Relations Contact

AuctionTech
Barbara van Dyk
Mail: ir@auctiontech.com

 

About AuctionTech

AuctionTech.com develops and operates tailor-made, white-label solutions for online auctions of real estate, art and luxury objects, and offers them via a Software-as-a-Service (SaaS) model worldwide. AuctionTech pioneered the unique Live Video Auction, enabling to run and broadcast digital live auctions from anywhere in the world to any device worldwide in true real-time. Based on its proprietary technology platform, over 110,000 items have been auctioned and numerous world records for online prizes have been achieved, such as the sale of an art object for 3.4 million Euros via smartphone.

To the real estate market, AuctionTech offers innovative end-to-end digital auction and sales solutions that enable achieving the best market price in the shortest time as well as higher customer trust through a fully digital and transparent process. In addition, full integration into existing IT systems creates significant efficiencies and time savings for estate agents.

AuctionTech was founded by senior members of the technology team of the former Auctionata AG, largest luxury online auction house in the world. AuctionTech is headquartered in Berlin and venture capital backed. Lead investor and largest shareholder is the German Startups Group, a leading publicly listed German VC investor.
 

About RE/MAX

RE/MAX is the largest real estate agent network worldwide. RE/MAX Switzerland, with an annual transaction volume of 1.5 billion Swiss francs and around 4,000 transactions, is the clear market leader in Switzerland. With its 88 offices and over 260 agents, RE/MAX Switzerland is the largest real estate agent network in Switzerland and is represented in all parts of the country.



End of Media Release


Issuer: AuctionTech
Key word(s): Real estate

13.12.2019 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
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935735  13.12.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

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