NextLot Recognized as Fastest Growing Company in Second Fastest Growing City

PRLog (Press Release) - Sep. 14, 2012 - Raleigh, N.C. is known as a hot spot for innovative technology companies. One company that is taking the area by storm is NextLot. NextLot, which was recently named the fastest growing company in Raleigh by Inc. Magazine, is also becoming a standout in the auction industry.

Led by three young professionals, NextLot has an energetic, fast-paced culture that has proven to be successful. NextLot’s online auction software gives auction houses the ability to broadcast their events online and, in return, attract bidders from around the world. In the past three years alone, the company has seen a 1000% increase in revenue and its team of young professionals has grown exponentially.

After being recognized as the fastest growing company in Raleigh and one of Inc. 500’s fastest growing private companies in America, NextLot is on the rise and is quickly making a name for itself as a booming start-up. With over 150 auctions per month, NextLot is staying busy and continuing to bring auctioneers more bids and higher prices.

About NextLot, Inc.: NextLot provides auctioneers with a fresh approach to online-timed and live webcast auctions by providing extremely easy to use, privately branded software for three main auction formats: Timed Auction, Webcast, and Pre-Bid. NextLot believes that auctioneers’ most important assets are their buyers and that these assets should not have to be shared with their competitors on a public portal. NextLot users build brand loyalty while enjoying full control of their customer base and avoiding exposure to competition. NextLot’s auction clients get the best of both worlds because they utilize NextLot’s white-labeled online auction solution to build their brand while leveraging its enhanced marketing efforts to see more bids and higher prices.  For more information on NextLot, Inc and services offered please visit www.nextlot.com.