News for Sellers
- 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 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 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.
- December 12, 2011
Federal Computer Week - Reverse Auctions: A Bid For Budget-conscious Business
By Matthew Weigelt, Federal Computer Week
Federal Computer Week’s Matthew Weigelt follows up on his prior report on use of reverse auctions by the federal government with an in-depth look at their application in the State Department. According to State’s director of acquisition management, Cathy Read, agency officials must consider tools like reverse auctions or they won’t be able to adjust to the ongoing need to reduce the cost of government operations.
- October 31, 2011
Federal Computer Week-Bidding For Savings: Reverse Auctions Gain New Favor
By Matthew Weigelt, Federal Computer Week
Federal Computer Week examines Dr. David Wyld’s new report that explores how federal agencies can save time and money by using reverse auctions for appropriate commodities and selected services. Reporter Matthew Weigelt notes significant savings figures from the report, including potential savings at DoD of $6.1 billion and up to $15 billion across the federal government.
- March 1, 2008
Federal Commodity Buying Moves Online
By Geoff Edwards, for NEMA Electroindustry
As federal agencies begin incorporating innovative procurement techniques, businesses, and particularly small businesses, have been seeing the benefits. Geoff Edwards, FedBid’s Vice President of Market Operations, explains In an article published in the March 2008 issue of the National Electrical Manufacturers Association’s NEMA Electroindustry magazine.
© 2001-2012