July 31, 2016 3:39 AM ET

Internet and Catalog Retail

Company Overview of OPENLANE, Inc.

Company Overview

OPENLANE, Inc. provides online auction services for automotive dealers to buy and sell wholesale vehicles in North America. The company offers auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions, and wholesale auto auctions. It also provides access to the freshest variety of off-lease, fleet, rental, repo, and dealer-consigned vehicles; consignor information; Internet-based transportation solution that allow shippers and carriers to come together online to review price quotes, delivery times, available loads, and transport listings; and recovery and remarketing services. It serves franchise and independent deal...

900 Island Drive

Suite 204

Redwood City, CA 94065

United States

Founded in 1997

17 Employees

Phone:

650-412-4000

Fax:

650-412-4001

Key Executives for OPENLANE, Inc.

Co-Founder, Chief Executive Officer and President
Age: 47
Co-Founder, Chief Information Officer and Senior Vice President
Senior Vice President, General Counsel, Senior Vice President of Adesa Canada and General Counsel of Adesa Canada
Senior Vice President of Transportation & Logistics of North America
Compensation as of Fiscal Year 2016.

OPENLANE, Inc. Key Developments

Openlane to Build Private Label Website for Auction Edge Utilizing Openlane's Proprietary Technology Platform

Openlane has agreed to build a private label website for Auction Edge utilizing Openlane's proprietary technology platform. The private label website created for Auction Edge will be known as the EDGE Marketplace. Openlane will be delivering to Auction Edge and its member auctions a customized version of its online auction system already used by commercial consignors, automotive dealers and a number of ADESA and Auction Edge's mutual customers. By working with Openlane, Auction Edge member auctions will be offering vehicles for sale on an online auction interface that is well known to automotive dealers who are accustomed to buying vehicles at ADESA.com and on more than thirty private label websites powered by Openlane's technology platform. Auction Edge is expected to offer this private label program to independent auctions in early 2016.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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