• EXPERIENCE

    Dozens of software projects involving significant financial transactions

  • EXPERTISE

    Studied under and coauthored papers with Nobel Prize winners

  • RECOGNITION

    Published articles read by hundreds of thousands of people.

Jason Priest

CHIEF EXECUTIVE OFFICER

JASON PRIEST

Jason Priest has over 23 years of experience founding and managing technology companies. Prior to joining Optimal Auctions, Jason Priest co-founded and became COO of Dash, an Internet software company that simplified online shopping for consumers (named Best Shopping Tool of 1999 by Time Magazine) and enabled advertisers to better target their online marketing efforts, even reaching customers while they visited competitors' web sites. Prior to Dash, Mr. Priest co-founded US WaveLink Telecommunications Group, Inc. to develop and operate advanced wireless networks in the US and abroad.

Michael Abernethy

CHIEF TECHNOLOGY OFFICER

MICHAEL ABERNETHY

Mr. Abernethy serves as CTO, and leads the team in the development and testing of the Optimal Auctions software product, as well as managing the server infrastructure, scalability, performance, and security of the product. He serves as the lead in the design and implementation of every aspect of the expert auction projects. Mr. Abernethy is also a world-reknowned specialist in user interface design and coding, with his articles on the subject garnering over 1 million views. Mr. Abernethy also received the title of "Master Inventor" during his time at IBM.

Kyle Hyndman

CHIEF ECONOMIST

KYLE HYNDMAN

Kyle Hyndman holds both a Ph.D. and an M.A. in Economics from New York University and a B.A. in Economics from the University of Alberta. His research interests are centered around Industrial Organization, Behavioral Economics and Operations Management. He has published his research in leading economics and business journals such as Management Science, Review of Economic Studies and the Journal of the European Economic Association. His current research includes both empirical and experimental work on auctions. Dr. Hyndman has advised on several key auctions for Optimal Auctions, consulting on auction rules and formats, as well as preparing in-depth testing procedures.

OUR EXPERIENCE

BGS ELECTRICITY AUCTIONNew Jersey

A Simultaneous Descending Clock Auction on behalf of PSE&G, JCP&L, ACECO and RECO purchasing full requirements in one-year and three-year contracts

AEP ELECTRICITY AUCTIONSOhio

A Simultaneous Descending Clock Auction, with sophisticated increment formulas determining the change in prices every round.

SUTEL SPECTRUM AUCTIONSCosta Rica

Multiple auction formats including Single-Round Sealed Bid and Clock Auction to sell multiple frequency blocks of spectrum

TESTIMONIALS

  • "Optimal Auction's software is easy to use and highly adaptable to any conceivable auction format for allocating spectrum. We particularly value the flexibility of the Optimal Auctions team to make adjustments to the software at short notice in response to the changing needs of our clients."

    RICHARD MARSDEN
    VICE PRESIDENT - NERA INC.
  • "The fact that the auction results mean that the majority of New Jersey's residential customers will pay less is good news. I commend President Fox and the NJ Board of Public Utilities for continuing to support my administration's goal to put the needs of New Jersey's families first."

    JAMES E MCGREEVEY
    GOVERNOR OF NEW JERSEY
DAVID TEECE

CO-FOUNDER

DAVID TEECE

Dr. Teece co-founded and is Chairman of the Berkley Research Group (BRG). He has been an active consultant on applied economic and management issues to corporations and governments around the world for over 25 years. As Founder and Chairman, David Teece provides overall leadership for Optimal Auctions' strategic, financial, and organizational development. Dr. Teece is a leading authority on knowledge, innovation, and organizational design particularly as they relate to competition policy and intellectual property. He is author or co-author of over 150 books and articles on topics in innovation, strategy, and management and is the editor of Industrial & Corporate Change (Oxford University Press).

Gregory Nachtwey

CO-FOUNDER

GREGORY NACHTWEY

Mr. Nachtwey is a Founder of Optimal Auctions, as well as the co-founding Director of the Berkley Research Group (BRG). Mr. Nachtwey has over 15 years experience developing business opportunities and managing consulting engagements for Global 2000 corporations with a special emphasis on corporate finance and valuation. He also taught courses in these disciplines at the Haas School of Business and the University of California at Berkeley, Extension School. Prior to joining Optimal Auctions, Mr. Nachtwey was a Principal at both the Law & Economics Consulting Group and Focal Financial Consulting.

  • 704 Clear Spring Cove
    Suite 9
    Round Rock, TX 78665

Who We Are

We are responsible for a wide range of auctions for national governments and private corporations - everything from pricing 10% of the world's diamond supply to billions of dollars worth of electricity in for states in the United States.

When you are running the most important auctions in the world you have to choose the best auction software provider in the world, Optimal Auctions.

Our Software Provides
  • Multiple Auction Formats
  • Bank-Level Security
  • Beautiful User Interface
  • 100% Reliability
  • Blazing Performance
  • Massive Scalability
  • Total Auditability
  • Complete Test Coverage
Latest Posts
© Copyright 2019 Optimal Auctions, Inc.