FreeMarkets, AMS Focus on Public Sector

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.

Featured

  • Workforce
    White House rainbow light shutterstock ID : 1130423963 By zhephotography

    White House rolls out DEIA strategy

    On Tuesday, the Biden administration issued agencies a roadmap to guide their efforts to develop strategic plans for diversity, equity, inclusion and accessibility (DEIA), as required under a as required under a June executive order.

  • Defense
    software (whiteMocca/Shutterstock.com)

    Why DOD is so bad at buying software

    The Defense Department wants to acquire emerging technology faster and more efficiently. But will its latest attempts to streamline its processes be enough?

Stay Connected