IRVINE, Calif., Nov. 27, 2017 /PRNewswire/ -- Auction.com, the nation's largest real estate transaction marketplace for distressed asset disposition, today announced the addition of Amit Aggarwal as its new Senior Vice President, Product & Technology. In his new role, Aggarwal is responsible for overseeing and implementing technology systems to further enhance Auction.com's online platform which provides the most optimal real estate experience for buyers and sellers. Aggarwal will be based out of Auction.com's Irvine, Calif. headquarter office.
Aggarwal has more than 16 years of proven experience leading, innovating, designing, and executing large-scale enterprise web based solutions, most recently as Chief Technology Officer of CarFinance.com (A Flagship Credit Company). There, he was responsible for defining the strategy and vision for CarFinance.com's technology and implementation of its product ecosystem. Prior to his tenure at CarFinance.com, Aggarwal served as Director of Software Development for Equator, an Altisource business unit, where he played a vital role in building and transforming their flagship platform. Aggarwal holds a Bachelor of Engineering in Computer Science & Engineering from Maharishi Dayanand University and a Master of Science in Computer Science from University of Southern California.
"In keeping with our commitment to provide the best experience for our buyers and sellers, we rely on a team of the industry's brightest and most experienced minds," said Jason Allnutt, General Manager for Auction.com. "Amit's proven experience and applied expertise in the real estate industry make him a great fit for Auction.com. We are excited to have him join our team and look forward to working closely with him to develop industry-leading solutions that go 'Beyond the Bid' in serving our clients and customers."
Auction.com is the nation's largest online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties. The company brings a breadth of quality assets to the market, attracting prospective buyers through world-class marketing and leveraging a scalable technology platform to conduct transactions in a transparent, efficient manner.
Auction.com and its parent company, Ten-X, a Thomas H. Lee Partners company, are headquartered in Irvine and Silicon Valley, Calif., with offices in key markets nationwide. Investors include CapitalG (formerly Google Capital) and Stone Point Capital.
Ten-X is the nation's leading online real estate transaction marketplace and the parent to Ten-X Commercial, Auction.com, and Ten-X Homes. To date, the company has sold 300,000+ residential and commercial properties totaling over $50 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. For more information, visit Ten-X.com.
About Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners, L.P. ("THL") is a premier private equity firm investing in middle market growth companies, headquartered in North America, exclusively in four industry sectors: Business & Financial Services, Consumer & Retail, Healthcare, and Media, Information Services & Technology. Using the firm's deep domain expertise and the internal operating capabilities of its Strategic Resource Group, THL seeks to create deal sourcing advantages, and to accelerate growth and improve operations in its portfolio companies in partnership with management teams.
Since its founding in 1974, THL has raised over $22 billion of equity capital, acquired over 140 portfolio companies and completed over 360 add-on acquisitions which collectively represent a combined enterprise value at the time of acquisition of over $200 billion.