The company plans to use the funds to expand internationally.
Bidpath, provider of marketing and technology services for asset disposal via the web, and eBreviate, provider of Internet technologies and services, have teamed up to provide b2b Internet auction services for disposal of excess or liquidated goods.
Bidpath Corp., provider of marketing and technology services to the asset disposition auction industry, and eBreviate, an EDS company providing Internet technologies and services, have teamed up to provide b2b Internet auction services for the disposal of excess or liquidated goods.
"The Bidpath-eBreviate alliance brings the immediacy of multimedia and the power of online auctions together for the first time for companies disposing of excess inventory and other assets," said Niul Burton, president of eBreviate. "Together, the companies` technologies will result in a rapid realization of revenues and stronger balance sheets."
Bidpath provides auction-based asset disposition technology and services, including live, online auction capabilities. eBreviate provides e-business solutions, including Internet negotiations, such as reverse auctions and electronic surveys.
"eBreviate has emerged as a leader in delivering Internet-enabled strategic sourcing technology and services," said Scott Laster, Bidpath president and CEO. "Bidpath`s auction marketing services and technology will add a key solution for the corporate procurement challenge of decommissioning and disposal of surplus corporate assets."
Bidpath Auction Manager technology automates the auction method of marketing, creating a live, online catalog of inventory images and data with a direct upload to a network of business-to-business exchanges and listing sites. Bidpath Live Auction hardware and software enables auctioneers to broadcast bid and ask prices in real time, as well as receive and award online bids, over the Internet. With Bidpath, registered bidders can participate in an online auction directly through a web browser. No additional software or Internet plug-ins are required.