Liquidity Services (LQDT) announced the acquisition of Auction Software/Simple Auction Site, to form the core of Liquidity Services Software Solutions, a new private-label and software-as-a-service arm of Liquidity Services. The transaction strengthens Liquidity Services’ penetration of the large and fragmented Circular Economy marketplace, extending its software development team’s capabilities and its ability to support entrepreneurs, small and medium sized businesses, and global F500 corporations through complimentary private-label and SaaS marketplace solutions. Liquidity Services will retain Rajaram, Freedman and Auction Software/Simple Auction Site’s employees post-closing and continue their focus on delivering market-leading auction software solutions for their clients. Terms of the transaction were not disclosed, and the transaction is not expected to be material to Liquidity Services’ overall results.
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