Online Auction Platform

To simplify - An Online Auction is an auction which is held over the internet. Online auctions come in many different formats, but most popularly they are ascending English auctions, descending Dutch auctions, sealed-bid auction or sometimes even a combination of multiple auctions, taking elements of one and forging them with another. The scope and reach of these auctions have been propelled by the Internet to a level beyond what the initial purveyors had anticipated. This is mainly because online auctions break down and remove the physical limitations of traditional auctions such as geography, presence, time, space, and a small target audience. Mantissa Infotech offers a mature platform for both Forward Auctions (For Selling) and Reverse Auction (For Procurement/Buying). This fully grown platform can be of use to Banks (for disposal of attached properties), Auction Houses, and Companies (for Procurement) etc.

Technologies

Technologies

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