OpenTech Alliance Acquires Online-Auction Companies iBid4Storage.com and SelfStorageAuction.com

OpenTech Alliance Inc., a Phoenix-based provider of kiosks, call-center services and other technology for the self-storage industry, has acquired two online-auction businesses: iBid4Storage.com, based in Toronto, and SelfStorageAuction.com, based in Phoenix. The acquisition follows OpenTech’s purchase of StorageStuff.Bid in 2018. The company also became the sole owner of StorageTreasures LLC, another online-auction website, in September after eight years of being the majority stakeholder.

The deal also includes licensed versions of iBidOnStorage that operate in Australia, Europe, South Africa and the United Kingdom. The newly acquired platforms will continue to operate independently, though OpenTech will explore opportunities to drive further growth, according to a press release.

“We’re excited to grow our online-auction footprint in the U.S. and around the globe,” said Robert A. Chiti, CEO of OpenTech. “Over the next 12 to 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.”

Users of all platforms can expect no immediate changes to their experience. OpenTech 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, the release stated.

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The company also plans to introduce new tools to enhance the auction experience and attract more bidders. User feedback will guide the development of new services and features.

OpenTech specializes in smart-connected technology solutions. Its products and services include the Insomniac line of kiosks as well as call-center solutions and access-control systems.

Source: EIN Presswire, OpenTech Alliance Acquires SelfStorageAuction.com and iBid4Storage.com