TORONTO — TradeRev CEO and President Mark Endras announced today that his company’s product, a vehicle appraisal and auctioning system for automotive dealers, was named the Gold winner in Network Products Guide’s 11th annual IT World Awards in the Hot Technologies category.

“We are incredibly honored to be named the Gold winner of this prominent award and proud of what it signifies of our efforts to disrupt the automotive industry and change the way car dealers do business,” Endras said. “This award further validates our hard work and dedication to solving long-held industry pain points for dealers, and motivates us to continue on our path of revolutionizing the automotive industry with our innovative technology.”

According to the company, TradeRev harnesses mobile technology to enable dealers to launch live, one-hour auctions. Buyers interested in purchasing a vehicle through this auction can do so from wherever they are.

Winners from all over the world will be honored on Monday, June 27, during the 2016 SVUS Red Carpet Awards Ceremony Dinner in San Francisco.

Originally posted on F&I and Showroom