Roots Grow Deeper for the Online Marketplace for Government
May 2, 2006
VIENNA, VIRGINIA, May 2, 2006 - FedBid, Inc., the online marketplace for commodity buys, today announced that it has signed a Strategic Alliance Agreement with CGI Federal, Inc., a wholly-owned U.S. operating subsidiary of CGI Group Inc., (NYSE: GIB; TSX: GIB.SV.A). The goal of the agreement is to provide federal customers with a more comprehensive procurement solution by integrating FedBid’s online marketplace with CGI Federal’s financial and acquisition management software.
The business alliance between FedBid and CGI Federal allows the two companies to leverage each other’s complementary procurement services, user base, and market position.
“By establishing this partnership, both companies are now in the position to offer our federal customers the ability to dynamically compete their requirements for a broad range of IT products and services,” said Gregg Mossburg, CGI Federal Vice President.
ABOUT: FedBid, Inc.
FedBid, Inc. provides online procurement services, including Reverse Auction and associated support services, through its buyer-driven online marketplace, www.FedBid.com. Today, procurement professionals across the federal government use FedBid to procure hundreds of millions worth of commodities and simple services. For more information, visit www.FedBid.com or call (877) 9FEDBID.
