Ritchie Bros. EquipmentOne and AssetWorks collaborate to simplify asset disposition

Integration to the EquipmentOne marketplace enables customers to sell surplus assets directly from AssetWorks' Surplus Management Software

VANCOUVER, BC and PITTSBURGH, PA, June 3, 2014 /CNW/ - Ritchie Bros. (NYSE andTSX: RBA), the world's largest seller of used industrial equipment, and AssetWorks, a leading provider of Enterprise Asset Management software solutions, today announced the availability of a prepackaged integration between the Ritchie Bros. EquipmentOne marketplace (www.EquipmentOne.com and AssetWorks www.AssetWorks.com) Surplus Management Software (SMS). Designed to allow AssetWorks' customers the ability to seamlessly post assets to EquipmentOne, the integration can dramatically reduce the time and effort required to identify, list and sell surplus equipment.

"Our integration with AssetWorks' software is a great example of how much our customers are shaping our business," said Chris Connell, President of Ritchie Bros. EquipmentOne. "Our customers asked for an easy way to list their surplus assets in our marketplace directly from AssetWorks' software. We listened and delivered."

AssetWorks' SMS users can identify assets for sale and post those assets along with all the required equipment specifications, condition descriptions and photographs directly from SMS to the EquipmentOne marketplace. They receive daily pricing feedback and final sale data when the sale completes. Automating these processes can improve accuracy and significantly reduce the time to conduct sales across a number of different asset categories.

"The ability to seamlessly connect with the EquipmentOne marketplace is a great extension of our software and a huge win for our customers," said Michael Borello, Vice President of AssetWorks. "Managing assets from acquisition through disposal can be difficult and our solutions have always been aimed at streamlining this process. With our integration to EquipmentOne, we're delivering additional value and really closing the loop on asset management for our customers."

To learn more about the new EquipmentOne integration with AssetWorks, visit www.EquipmentOne.com or www.AssetWorks.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE andTSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. ^TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOne^TM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

About AssetWorks
AssetWorks delivers industry-leading business solutions that help asset- and infrastructure-intensive organizations control capital and operating expenditures, reduce operational complexity, and manage regulatory and policy-driven risk. Leveraging a comprehensive portfolio of software and consulting solutions, AssetWorks helps organizations work more efficiently by improving access to shared asset data, promoting greater transparency across the organization, improving service delivery, maximizing asset availability and uptime, and reducing total cost of ownership. Leveraging the latest cloud and mobile computing technologies, our asset management solutions and domain expertise help organizations eliminate waste, redundancy, and inefficiency.

SOURCE: Ritchie Bros. Auctioneers

Ian Malinski, Corporate Communications Lead, Ritchie Bros.
Phone: [phone] | Email: [email protected]

Or

Lauren Galietti, Corporate Communications Lead, AssetWorks
Phone: [phone] | Email:  [email protected]