Marketplace News
- November 29, 2012
Ted Leonsis: FedBid saves governments & companies 10-12% on their procurement
By John Koetsier
This insightful VentureBeat interview with renowned entrepreneur and technology innovator; Monumental Sports Founder and Owner, Revolution Growth Partner and FedBid Board Vice Chair, Ted Leonsis, spotlights the story behind Revolution Growth’s investment in FedBid—focusing on where the company’s been, where it’s going and how it’s built a healthy, successful online B2B marketplace through its double bottom-line business model. Throughout, Ted highlights specific federal government and private sector savings and efficiency successes, including Detroit Public Schools’ recent adoption of FedBid as an indirect spend management solution, which has already saved the district nearly $200K and is projected to save as much as $3M from its procurement budget.
- November 6, 2012
FedBid—Saving $ for Government and Transforming Procurement in Detroit’s Public Schools (Part 3)
By Thomas Kase
In this final installment of Spend Matters’ comprehensive series exploring Detroit Public Schools’ (DPS) successful adoption of FedBid to manage indirect spend, Principal Analyst, Thomas Kase, offers overall insight on how FedBid’s fully-managed online marketplace works— including details on FedBid’s fee structure and the services provided as part of the DPS engagement. The series concludes with final summations, observations and recommendations on FedBid’s overall market position.
- October 16, 2012
FedBid Welcomes Marketing Visionary Susan L. Bostrom to Board of Directors
VIENNA, VA, October 16, 2012 – FedBid Inc., the fully-managed online marketplace revolutionizing commerce, announced the appointment of top marketing expert and thought leader, Susan L. Bostrom, to its Board of Directors. Bostrom brings more than 25 years of multifaceted marketing and business leadership experience to FedBid’s Board, including from her recent position as Executive Vice President (EVP) and Chief Marketing Officer (CMO) of Cisco Systems, Inc.
- October 16, 2012
FedBid—Saving $ for Government and Transforming Procurement in Detroit’s Public Schools (Part 2)
By Thomas Kase
In this, the second of a three-part article series on Detroit Public Schools’ (DPS) recent successful adoption of FedBid as a tail spend management solution, SpendMatters Principal Analyst, Thomas Kase, examines
the backstory of DPS procurement’s trailblazing efforts.
- October 11, 2012
FedBid—Saving $ for Government and Transforming Procurement in Detroit’s Public Schools (Part 1)
By Thomas Kase
In this first of a three-part article series on Detroit Public Schools’ recent successful adoption of FedBid as a tail spend management solution, SpendMatters Principal Analyst, Thomas Kase, offers a comprehensive introduction to the company—highlighting core functions and benefits. He notes that while FedBid has grown the federal spend they touch to over $2 billion in 2012, the company is also a supplier diversity success story, with the vast bulk (over 75%) of spend being awarded to SMWBEs (Small, Minority- or Woman-owned Business Enterprises). He also notes that FedBid is now heading into state, local and even commercial sector engagements.
- July 24, 2012
Study: Army Saves $150 Million Through FedBid Reverse Auctions
A new study of the Army Contracting Command’s (ACC) procurement process by Dr. David C. Wyld, the Robert Maurin Professor of Management at Southeastern Louisiana University, shows that the ACC was able to save taxpayers $150 million since 2007 through use of FedBid’s fully-managed online marketplace.
- July 17, 2012
FedBid Announces Bobby Feigler as Chief Marketplace Officer
VIENNA, VIRGINIA, July 17, 2012 - FedBid, Inc., the fully-managed online marketplace revolutionizing how the government buys products and services, announced today the appointment of Bobby Feigler as Chief Marketplace Officer, leading account operations and business development operations, as a member of the company’s senior executive team.
- April 27, 2012
FedBid: Fueling the Double Bottom Line
By Ted Leonsis
AOL Vice Chairman, NHL Washington Capitals and NBA Wizards owner, Revolution Growth Fund Partner and FedBid Board Member, Ted Leonsis believes businesses do well by doing good; when businesses live by the ethos of giving more than they take, they have happy employees and are successful as a result – an effect he calls the “double bottom line”. Here, on his personal blog, Ted offers insight on what makes FedBid a double bottom line company.
- April 17, 2012
FedBid Announces Department of Commerce Contract Award
by Department of Education and Library of Congress
VIENNA, VIRGINIA, April 17, 2012 - FedBid, Inc., the online reverse auction marketplace, announced today that the United States Department of Commerce has awarded the company a new multi-year agreement to provide reverse auction services. The new award includes a base year plus four option years.
- April 10, 2012
The Most Influential Federal IT Leaders Since 1987: A Short List
Federal Computer Week Insider
Federal Computer Week features Dr. Steven Kelman, on its just-released power list of the most influential leaders shaping federal IT policies and technologies. Kelman, the former head of the Office of Federal Procurement Policy in the White House’s Office of Management and Budget, continues to elevate and advocate the need for acquisition innovation as a key member of FedBid’s Advisory Board.
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