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
public-sector presence.
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.