Torrance, CA – January 08, 2013 – (RealEstateRama) — Auction.com (http://www.auction.com/), the world’s largest online real estate marketplace, today announced that Bruce Felt has been named executive vice president and chief financial officer. Most recently, he served as chief financial officer of SuccessFactors, a leading provider of cloud-based human capital management solutions that was acquired by SAP. Felt oversees the company’s financial operations and is based in the company’s Silicon Valley office.
Felt brings nearly 25 years of experience in financial operations and management at high growth companies in the technology sector, including six years at SuccessFactors. During his tenure at SuccessFactors, he led the company through its IPO, significant growth, six acquisitions and its $3.4 billion sale to SAP. Prior to joining SuccessFactors, Felt was chief financial officer of several leading software companies including LANDesk Software, Integral Development Corp. and FullTime Software. He was also founder, chief financial officer and director of sales for Renaissance Software and a senior manager at Deloitte & Touche. Felt earned a BS in Accounting from the University of South Carolina and an MBA from the Stanford University Graduate School of Business. He is a board member of YouSendIt.
“Bruce has guided several successful technology companies through rapid growth and expansion,” said Monte Koch, Auction.com’s co-chief executive officer. “His experience is an important addition to Auction.com’s executive management team and will support our ongoing efforts to drive transparency and utilize technology and marketing to transform the way commercial and residential real estate is bought and sold.”
“I’m excited to be a part of the Auction.com team with its deep domain expertise in real estate married with an aggressive use of technology to change the way real estate is transacted,” said Felt. “The real estate industry is ready to be brought online and Auction.com will be the company to make that happen.”
Established in 1990, Auction.com has pioneered modern real estate auctions and created the nation’s leading online real estate marketplace. It has established a leading position in its industry by selling more than $20 billion in real estate assets at auction since 2007. Additional services include residential loss mitigation and title agency and escrow/closing services. Primary clients include residential and commercial mortgage lenders, servicers, institutional real estate investors and home builders. Auction.com’s success is based on the aggregation of real estate assets that are marketed and sold on-line and in large format auctions across the country. Auction.com is headquartered in Irvine, California and has offices in Newport Beach, Dallas, Miami, Silicon Valley, New York, London, and Frankfurt. Visit http://Auction.com/ for more information.