Xcira, Inc. (Formaly Auction Management Solutions, Inc.) is a unique company that blends visionary qualities with an outstanding reputation for cutting-edge technical excellence coupled with upstanding customer service with an in-depth understanding of the traditional asset disposition market space. This unprecedented combination has proven to be phenomenally efficient and effective, as demonstrated by the fact that XCIRA has changed industries. In May 1999, various technology companies were willing to take the path of least resistance by offering non-instantaneous bidding, audio, and video transmission auction systems using the Internet; alternatively, XCIRA accomplished the first-ever seamless integration of a local auction audience with a remote Internet audience while leaving the auctioneer in control of a fast-paced wholesale automotive auction. Between May 26, 1999, and March 31, 2008, XCIRA conducted more than 35,000 unique auction events containing more than 7 million items, resulting in more than $50 billion in sales--$8 billion of which went to online bidders. The United States Patent and Trademark office officially recognized XCIRA's pioneering contributions by awarding XCIRA United States Patent No. 6,813,612.
Real Estate Success
In January 2006, XCIRA, Inc. teamed with Fisher Auction Company of Pompano Beach, Florida, to auction 1,900 tax delinquent lots for the City of North Port, Florida. These tax delinquent lots had previously been offered publicly for more than two years by the City of North Port, Florida, for $1,000 per lot. Fisher Auction Company and XCIRA proposed that the lots be offered initially via OnLine RingLots, with any remaining unsold lots offered via OnLine RingmanŽ. As a result of the OnLine RingLots offering, all but five lots sold. The OnLine RingLots sale earned the City of North Port, Florida, $60 million, thus significantly exceeding the $19 million value anticipated by the City of North Port.
Since then, XCIRA has been working with experienced real estate auction leaders and has offered more than 1,000 properties through its OnLine RingmanŽ System, resulting in the processing of greater than 2,300 accepted online bids for properties valued at more than $120 million with $12 million in sales being transacted with online/Internet bidders.
XCIRA Products/Technology Technically, How Online Technology Works.
XCIRA operates as an application service provider--providing technology to the asset disposition industry and primarily the traditional live auction industry. The XCIRA technology is delivered to our customers using an infrastructure business model that allows our customers to concentrate on their key relationships (consignors and bidders) while maximizing the effectiveness and efficiency that the state-of-the-art, market-tested technology enables.
XCIRA currently has three core product offerings: OnLine RingmanŽ, OnLine RingLots and the Intelligent Condition Evaluator (ICE).
OnLine RingmanŽ
At the foundation of the OnLine RingmanŽ System and its patented technology is a complete understanding of the auction industry, its processes and the efforts every auction extends in caring for both bidders and consignors. This has resulted in the most "trusted" system by all participants in the auction industries. The OnLine RingmanŽ System enables an auction to extend its bidder base by eliminating geographic, time, and travel constraints without affecting the bidding audience in attendance at the physical auction. With OnLine RingmanŽ, as in any traditional auction, the control of the auction always remains with the auctioneer and the auction company. Using OnLine RingmanŽ, the auctioneer can effectively and efficiently take bids from either the local audience or the Internet audience and can accept or reject any given bid from the local or Internet audience. Bids submitted by the Internet audience are processed, received, and presented to the auction clerk, the auctioneer, and the local audience instantly. The OnLine RingmanŽ System provides to the remote bidder the opportunity to participate--without disadvantage or delay--with live, real-time video and instantaneous audio (less than a one-second delay from the time when the auctioneer speaks to the time when the remote user receives and hears the auctioneer) in a real-time, instantaneous bidding environment.
OnLine RingLots
A variation of the OnLine RingmanŽ System is XCIRA's OnLine RingLots System. OnLine RingLots leverages much of the same technology as OnLine RingmanŽ but is designed to operate in an Internet-only configuration. In this environment, the XCIRA servers become the auctioneer and clerk, with all bids submitted electronically via the Internet .
Absent a live auctioneer or clerk, OnLine RingLots provides Internet bidding action with auctioneer and auction clerk functions simply automated and handled by a high-performance server.
The interactive bidding capabilities of the system include:
Bidding conducted on an item-by-item basis
Start and stop times for each item
Anti-'snipe' capabilities to extend bidding when there is activity near the stop time
Ability of bidders to enter either a single bid through a Click Bid or a maximum bid
Email notification of bidding status
Optional floor prices
Notification to winning bidders via email
Bidder identity display via bidder's username
OnLine RingLots can be sold as a standalone product or as a complementary system to OnLine RingmanŽ or ICEŽ. When coupled with OnLine RingmanŽ, Online RingLots can serve as a pre-sale proxy bidding engine. In this situation and prior to the OnLine RingmanŽ auction event, the highest Online RingLots bid for each item becomes the starting bid during the auctioneer-controlled OnLine RingmanŽ event. When sold with ICEŽ (see description below), the item can be automatically placed on an OnLine RingLots auction immediately following a completed inspection, allowing the auction or seller to eliminate the time period where the asset is ready for sale but is simply in a "holding pattern" until the next auctioneer-controlled auction event.
Intelligent Condition Evaluator (ICE)
The ICEŽ System is an electronic condition reporting system that supports the collection of up-to-date and accurate information for items being marketed. The system provides an automated process to collect the inventory's condition data, audit the condition data at the time of initial inspection, and present and distribute this information to the appropriate stakeholders.
A mobile device "client" provides for data collection via data entry and photograph capture. This component is designed to execute on Windows CE, 2000, or XP compatible devices. The client device is periodically connected to a "Commerce Server" to upload and download data and software updates. The Commerce Server component provides a centralized repository for data management, data archiving, and data correlation. The Commerce Server component also contains import and export functionality that allows the system to integrate with existing applications and processes. An Administrator component provides for the management of the various features of the system and the Reporting component provides the ability to generate standardized or customized reports.
In 2006, the ICEŽ was used to conduct approximately 13,000 inspections. Based upon current market penetration, XCIRA projects that the ICEŽ System will be used to complete more than 316,000 inspections in 2008.
The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us) , we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by International Realty Auction Network, LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.
