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Auction.com Adds LinkedIn Senior Vice President Deep Nishar in Advisory Role

Board Member of Successful Internet Companies Such as TripAdvisor and Opower to Lend Valuable Insights on Further Enhancing the Company's Product and User Experience

IRVINE, CA and MOUNTAIN VIEW, CA--(Marketwired - August 12, 2014) - Auction.com, the nation's leading online real estate marketplace, has brought on Senior Internet Executive Deep Nishar in an advisory role, making him the latest high profile industry leader to associate with the growing brand since Google Capital's investment in the company earlier this year. The LinkedIn senior vice president and board member of internet companies including TripAdvisor and Opower will provide valuable expertise to Auction.com as the company makes further enhancements to its web and mobile user experience.

Nishar brings to Auction.com more than 20 years of experience managing large, global organizations focused on creating brilliant yet simple products that change the lives of users. At LinkedIn, where he currently leads overall product strategy and user experience, Nishar's efforts have yielded the world's largest and most powerful professional network -- with more than 300 million members and revenue growth from under $80 million in 2008 to $1.5 billion in 2013. Previously serving as senior director of products at Google, his achievements in innovation included establishing the company's mobile business beginning in 2005 and winning the Google Founders Award.

"Deep understands the value of providing an optimal user experience that translates seamlessly from web to mobile interfaces, and has a demonstrated knack for knowing what works for users across all access points," said Jeff Frieden, CEO and co-founder of Auction.com.

"Deep is a proven leader in helping define some of the greatest mobile and web products of our time. We're fortunate to be able to leverage his expertise as we accelerate our growth across all online channels," said Jake Seid, President of Auction.com. Last month, the company unveiled a new iPad application that allows buyers to locate and purchase both commercial and residential real estate from virtually anywhere.

"Auction.com is unique in allowing buyers, sellers and brokers to securely transact real estate online," said Nishar. "Translating the benefits of this open, interactive marketplace that provides price discovery, transparency, speed and efficiency to a wider population and providing them with the freedom to confidently transact real estate with ease from wherever they are can only help Auction.com position itself as the leader of this segment for years to come."

In addition to his work with TripAdvisor and Opower, Nishar is an investor in multiple Silicon Valley startups including Spool (acquired by Facebook in 2012), Adku (acquired by Groupon in 2012) and Aardvark (acquired by Google in 2010). Prior to his work at LinkedIn and Google, Nishar founded and served as vice president of products at Patkai Networks. .

Nishar has been awarded three patents, has four additional patents pending and holds an MBA from Harvard Business School, an MSEE from the University of Illinois at Urbana-Champaign and a bachelor's degree in technology from the Indian Institute of Technology at Kharagpur.

Auction.com, LLC, is the nation's leading online real estate marketplace. Founded in 2007, the company has sold over $26 billion in residential and commercial real estate assets since. Auction.com has over 900 employees and headquarters in Irvine and Silicon Valley, California as well as offices in Austin and Plano, Texas, Atlanta, Denver, and Miami. Visit www.auction.com for more information.

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Contact information
The Hoyt Organization
Kent Barrett
kbarrett@hoytorg.com

Katherine Lambert
klambert@hoytorg.com
310.373.0103

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