Read about Red2 Auction

  • Auction Types

    Red2 Auction supports many types of auction, from English Forward, Candle, e-Procurement (Reverse English)

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  • Consultancy

    Consultancy forms a key role in the development of customised auction deployments; we innovate in both auction design and associated workflow, maximising value of both the auction and the end user experience.

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  • Case Studies

    Read about some of the implementations of our Red2 Auction technology.

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Latest News

22 Dec 2010Latest auction deployment sees 2 million pounds flowing through it in the first auction.
17 Dec 2010Red2 Auction technology now available to customers.
16 Dec 2010Red2 Auction website goes live.

Overview

At Red2, we have been creating auction software for the past 10 years. We have helped build many businesses, each with their specific auction model and set of requirements. And we have made it our business to develop bespoke systems that deliver to your objectives, whilst running in a robust, stable, tried and tested platform.

Our experience over the years, and the diversity of our clients and their requirements have materialised into our offering for 5 distinct sectors, each based on the ideal bespoke auction engine from the ground up:

For each and every sector, our auction technology can generate a higher return on investment, and a more transparent set of transactions.

Insight

The premise of an auction is to establish a mutual understanding between buyer and seller of the value of a good, service, or a future value. There are other uses for auctions, for example; promotional, where the value is not within the transaction. These are not mutually exclusive concepts, although in isolation they can serve very different purposes. Realising value is about having the correct moving parts for the process, and establishing a critical mass of either buyers (for a forward auction) or sellers (in a reverse auction).

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