Ableauctions.com Inc. acquired 100% of the shares of Rapidfusion Technologies and all the intellectual property rights to its Point-of-Sale (POS) software. Ableauctions.com conducts auctions live and simultaneously broadcasts them over the Internet. iCollector.com is a wholly owned subsidiary of Ableauctions and represents some of the world's leading auction houses. Since January 2001, its alliance with eBay Live Auctions has resulted in hundreds of Live Auctions being broadcast in real-time, directly to the salesroom as the auction happens.
Rapidfusion offers retailers point-of-sale technology and manages and tracks inventory, assets and consigned products, for both a virtual and bricks-and-mortar store. AbleAuction said users of the software will be able to manage a bricks-and-mortar liquidation store as well as upload inventory to be sold on either eBay core or eBay Live Auctions, making it one of the first POS systems capable of doing so.
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