Liquidity Services Acquires Auction Software, a leading provider of auction software and marketplace technology
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Liquidity Services, Inc. (NASDAQ:LQDT) has acquired Auction Software/Simple Auction Site to enhance its software capabilities and expand its presence in the Circular Economy marketplace. This acquisition will form the core of Liquidity Services Software Solutions, Inc., a new SaaS arm.
February 03, 2025 | 12:15 pm
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Liquidity Services, Inc. has acquired Auction Software to enhance its software capabilities and expand its presence in the Circular Economy marketplace. This acquisition will form the core of Liquidity Services Software Solutions, Inc., a new SaaS arm.
The acquisition of Auction Software by Liquidity Services is likely to positively impact LQDT's stock price in the short term. This move enhances LQDT's software capabilities and positions it better in the Circular Economy marketplace, which could lead to increased revenue opportunities. The formation of a new SaaS arm indicates strategic growth and diversification, appealing to investors.
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