INTERNET BIDDING

Omaha-based Proxibid is growing, and if last year's growth in goods sold through the Web auction service is any indication, 2016 could be another banner year.

The company in 2015 facilitated the sale of about $4.5 billion worth of goods like heavy machinery and classic cars through its buy-and-sell platform that lets Internet users bid on items remotely.

That performance was more than 10 percent above what Proxibid President and Chief Executive Ryan Downs forecast in mid-August, and Downs said this week there's more growth to come in 2016.

Proxibid's profile in the remote live-auction business is gaining in stature, bringing in more sellers as the company boosts its sales force, Downs said.

A key driver was and remains the company's year-old partnership with eBay, which abandoned live auctions in 2009 but got back into the game via the Proxibid partnership announced in February 2015.

"Our first integration (with eBay) went live in November, so it's still very new, but it has driven growth and has already been very important to us," Downs said. "Even though it's early in the actual partnership, it is generating revenue and strengthening us and our position in the market."

A privately held company, Proxibid wouldn't divulge revenue figures, but the company has increased its payroll significantly in recent years.

Total employment of 210 employees includes 175 at Proxibid's live-auction division. That's up from 125 in mid-2014.

The company's consumer electronics division, called Divvy, has 35 employees and is also growing, Downs said.

Contact the writer: 402-444-1534, cole.epley@owh.com

Commenting is limited to Omaha World-Herald subscribers. To sign up, click here.

If you're already a subscriber and need to activate your access or log in, click here.

(0) comments

Welcome to the discussion.

Please keep it clean, turn off CAPS LOCK and don't threaten anyone. Be truthful, nice and proactive. And share with us - we love to hear eyewitness accounts.

You must be a digital subscriber to view this article.