FreeMarkets, AMS focus on public sector
- By Dan Caterinicchia, Dan Caterinicchia
- Feb 29, 2000
FreeMarkets Inc., an online auction marketplace, announced Thursday that
it has joined forces with American Management Systems Inc., to create a
public-sector procurement venture.
AMS, based in Fairfax, Va., provides financial and procurement solutions
to more than 300 state and local governments. Those relationships, combined
with Pittsburgh-based FreeMarkets' online auction capabilities, will allow
public sector procurement officials to make "market-based buying decisions"
on commodities and services, said Dave McCormick, vice president for public-sector
businesses at FreeMarkets.
"Together, we will help transform government procurement by bringing the
efficiency, transparency and savings of FreeMarkets online auction marketplace
to purchasing professionals in federal, state and municipal governments,"
McCormick said in a release.
FreeMarkets has been conducting online auctions for the city of Pittsburgh
for more than a year. The AMS partnership will help the company expand its
Under the agreement, AMS will integrate the FreeMarkets online auction capability
into its existing eProcurement solutions for government clients. The two
companies will jointly market and sell the product.