FedBid Announces Hire of White House Procurement Policy Chief Joseph Jordan

VIENNA, VAFedBid, the fully managed online marketplace optimizing e-commerce for business, government and educational organizations, today announced the hire of Joseph Jordan, who will be joining FedBid as President of Public Sector from his role as White House Administrator for the Office of Federal Procurement Policy (OFPP). In this new role, Jordan will help grow and manage FedBid’s Federal Buyer base, while driving additional growth in the State, Local and Education (SLED) sectors. Jordan will also assist with the company’s recent private sector launch, a move to open commercial businesses of all sizes to buy commodity goods and simple services in the online marketplace.

Most recently, through his role as OFPP Administrator, Jordan was highly lauded for reducing government contract spending by the largest amount in history in 2012. Similarly, FedBid has reported saving Federal agencies that purchased simple goods and services through the company’s online marketplace $160 million during FY13 on everything from IT and office products to maintenance and security services. Before joining the Office of Federal Procurement Policy, Jordan was with the Small Business Administration, where he helped the government achieve its largest two-year increase in small business contracting performance in over a decade.

“With a diverse career over the last twenty years of significant public and private sector procurement, contracting, business process and solution-making successes, Jordan will be a natural fit to move FedBid’s public sector business forward,” said FedBid CEO, Ali Saadat. “Since our start nearly fourteen years ago, we have succeeded in building a highly effective online marketplace that has saved the federal government hundreds of millions of dollars, while opening up billions of dollars in opportunities to small businesses around the country, and look forward to having Jordan join the team to further expand and grow our company.”

“Helping governments be more fiscally responsible to taxpayers while helping small, minority, veteran and disadvantaged businesses grow, is something that I am passionate about,” said Joseph Jordan. “This new role leading public sector efforts with FedBid gives me the opportunity to continue building momentum in our efforts to help the government buy smarter, while advancing economic growth in communities throughout the country. I’m grateful and looking forward to driving real positive change through a truly better way of buying.”

The company’s focus on improving operational processes to increase savings, transparency and efficiency closely parallels with Jordan’s. Over the past five years, Buyers across the Federal government have saved a combined $770 million by purchasing through FedBid. These kinds of savings successes are also now benefitting Commercial and Education Buyers ranging from Groupon and SunGard to California Community Colleges, Georgetown University and most notably, Detroit Public Schools (DPS), which has saved over 19% by purchasing through FedBid over the course of the last academic year. FedBid has also increased DPS’ ability to source from a greater, but more specific number of quality suppliers—especially local suppliers—in efforts to support the recovering state and local economy, enabling 38% of all DPS purchases to be awarded to local businesses.

His hire marks the latest move by the company to build its expansion into new markets, a growth spearheaded by last year’s investment by renowned technology entrepreneurs Ted Leonsis and Steve Case’s Revolution Growth fund.


ABOUT: FedBid, Inc.
FedBid®  was founded on the premise there’s a better way for organizations of all sizes to buy smart, save money and reduce risk on simple goods and services they buy every day. Our fully managed online marketplace has been proven to optimize how business, government and educational organizations buy the goods and services they need to keep their operations running. Buyers save time and money. Sellers get access to real opportunities. It’s a Win-Win. For more information, visit FedBid at
www.FedBid.com  or call (877) 9FEDBID.FedBid—Better Buying | Smarter Selling ®

CONTACT: Andres Mancini, 703.839.7008, Andres.Mancini@FedBid.com

Author: FedBid Inc.

Publisher: BusinessWire

Released: December 20, 2013

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