FreeMarkets, AMS Focus on Public Sector
- By Dan Caterinicchia, Dan Caterinicchia
- Apr 03, 2000
FreeMarkets Inc., an online auction marketplace, 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.
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 FreeMarkets' online auction
capability into its existing "eProcurement" solutions for government clients.
The two companies will jointly market and sell the product.