The word is out, Vancouver’s biggest tech secret is valued at over $5B

Mar 5 2019, 2:49 am

Vancouver’s biggest tech secret is now out in the open, and it’s valued at over $5 billion.

Ritchie Bros. (NYSE and TSX: RBA) was founded in Kelowna, BC, as a furniture auctioneer and quickly grew to become the world’s largest heavy equipment auctioneer. But here’s the thing: they are no longer just an auction company.

Over the past several years, Ritchie Bros. has conducted numerous acquisitions in leading tech companies including IronPlanet, founded in Silicon Valley to transform the global used equipment market, and Mascus, the largest European equipment online listing service, operating in 58 countries.

Now bolstered by a digital strategy, the company recently reported 59% of total transactions were from online buyers — a 73% increase year-over-year in transactions through the company mobile app and an average of five million website users per month.

“In addition to mobile and web innovation, we’re investing in machine learning and building connected platforms to serve our global customers. We’re happy to tell the world that we’re a true tech-focussed company,” says CIO Marianne Marck.

With 2,200 full-time employees across more than 40 offices in 12 countries, Ritchie Bros. has well over 300 tech team members. Leveraging 60 years of equipment and market knowledge, they see themselves as one of BC’s most dynamic, tech powerhouses.

Their LEED-Gold certified headquarters in Burnaby covers 164,000 sq. ft and is home to more than 500 employees, a corporate child-care centre (that was awarded BC’s Child Care Award of Excellence), a 2,400 sq. ft. fitness facility, onsite restaurant, and plenty of areas to unwind, shoot some pool, or shoot hoops!

In addition to the strong company culture, employees are rewarded with growth opportunities, market leading perks (education scholarships, flexible work hours, ergonomic workstations, electric car charging, dry cleaning), and benefits.

But there’s more to the company than just the shiny digs and perks: For the past nine years, Ritchie Bros. has hosted the Corporate Kids Challenge charity, with all funds raised going to KidSport, a community-based sports funding program that provides grants to financially disadvantaged children to participate in a season of sport. Last year’s event raised a staggering $166,000.

Teams are also continuously encouraged through collaboration, recognition and creative initiatives such as Hackathons, hosted by the tech team. The annual event explores exciting new ways to deliver value to customers and business users — past events have included facial recognition, chatbots, machine learning, time tracking, and mobile enhancements.

Sound like your dream company? If you’d like the opportunity to be part of a premier technology-driven company and world-class team, check out the current tech opportunities at Ritchie Bros. today. Follow Ritchie Bros. on Facebook to get the latest updates!

If you’re interested in Meeting Ritchie Bros. in-person, be sure to check out the #BCTECHSummit Job Fair taking place at Vancouver’s Convention Centre (West) on March 12. Use the promo code ‘DailyHive’ at the checkout to get 50% off your tickets here.

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