News for Commercial Buyers
- January 19, 2012
Steve Case, Ted Leonsis Fund Ebay For Feds
By Fred Dreier, Forbes
Billionaire Steve Case and Washington Capitals owner Ted Leonsis have invested in Vienna-based Fedbid, an online marketplace in which private companies sell products to government agencies. The cash infusion marks the first investment by the Revolution Growth Fund, a $450 million fund backed by the America Online co-founder, Leonsis and Donn Davis, former CEO of Exclusive Resorts.
- January 17, 2012
FedBid Attracts Private Investors With Cost-effective Acquisition Model
By Jill R. Aitoro, Washington Business Journal
The decision by entrepreneurs Ted Leonsis and Steve Case to make Vienna-based FedBid Inc. the first investment for their $450 million Revolution Growth fund reflects not only on the company’s success but the growing appeal of its business model to budget-strapped federal customers. The goal of the investment is to accelerate the growth and reach of FedBid, which has seen the annual value of purchases made through its online portal rise more than 60 percent since 2008.
- January 17, 2012
Revolution Growth Fund Makes First Investment in FedBid
January 17, 2012—Washington, DC —Today, FedBid, Inc., which operates the FedBid online marketplace at www.FedBid.com, announced that it has received the first investment made by the Revolution Growth fund, which was launched in December 2011 by Steve Case, Ted Leonsis and Donn Davis.
- January 16, 2012
Revolution Growth Invests in Vienna-based FedBid
By Thomas Heath, The Washington Post
Washington entrepreneurs Ted Leonsis and Steve Case have made the first big investment with their $450 million Revolution Growth fund, acquiring a major stake in Vienna-based FedBid, which they hope to grow into an online marketplace for tens of billions of dollars in government procurement. The investment was made less than two months after the two former AOL executives announced the formation of the fund, a private investment vehicle designed to reignite the high-tech, entrepreneurial culture that dominated Washington in the 1990s.
- October 27, 2011
CPOs Take Fresh Approach to Procurement
By Gregg Brandyberry
Mr. Gregg Brandyberry, CEO for Wildfire Commerce Inc., suggests a few ideas on how to quantify procurement performance by maximizing procurement capacity, making strategic investments to drive higher ROIs, and utilizing technology and outsourced service providers in order to generate more revenue.
- August 9, 2011
Dr. Kelman’s ‘Lectern’ Blog: How Agencies Can Cut Contracting Costs
By Steve Kelman
Dr. Steve Kelman writes about how the government can save money through better contracting practices, including using reverse auctions for second-stage competition on multiple-award contracts. Join the discussion at Dr. Kelman’s ‘Lectern’ blog at Federal Computer Week.
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