BizBuyer.com Expands Globally Into Europe with B2B Marketplace for Small and Mid-Sized Businesses.Business Editors/High-Tech Writers LONDON--(BUSINESS WIRE)--June 19, 2000 BizBuyer.com is bringing its Internet-based business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) marketplace for business services to the U.K. The Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , California-based company has hired a senior management team and opened a London office as a prelude to launching a request-for-quote (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) service for small and mid-sized businesses here in the autumn. The site will be located at www.bizbuyer.co.uk. BizBuyer.com is the leading RFQ marketplace for business services in the U.S. The site launched a year ago and has grown to more than 60,000 members. The company has raised over $68 million in financing from eight leading venture capitalists that include CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) @Ventures. Meg Whitman Margaret C. "Meg" Whitman (born August 4, 1956) has been the President and CEO of the online marketplace eBay since March 1998. Whitman joined eBay when the company had 29 employees and operated solely in the United States; eBay is now a global organization with over 11,000 , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of eBay, sits on BizBuyer.com's board of directors. Through BizBuyer.com in the U.S., businesses can now put their business services needs out for competitive bid to highly qualified vendors across more than 60 categories that range from IT consulting, Internet services to insurance and telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. solutions. BizBuyer.com is free to buyers and generates income from vendors that pay a fee to submit a customised bid, as well as a commission on each closed transaction. "BizBuyer.com is a coherent, market-responsive B2B service launched worldwide by Europeans," says Marcus Bicknell, president of CMGI Europe. "CMGI is glad to be involved with its launch across Europe and happy to welcome it into the CMGI family. Alongside AltaVista, Engage and other CMGI and CMGI @Ventures companies, BizBuyer.com is helping lead the CMGI charge into Europe." "Through the service, buyers save valuable time and money by reviewing buying guides and comparing customised quotes from qualified suppliers in order to make an informed purchase decision," says Eddy Pirard, the newly-appointed president of BizBuyer.com Europe. "The benefits to the purchaser are obvious. For the vendor, the service delivers targeted sales leads, a vastly expanded sales territory and reduced customer acquisition costs," adds Pirard. Analysts from the GartnerGroup forecast that worldwide e-commerce transactions between businesses will climb to $7.3 trillion by 2004 -- nearly the size of America's entire gross domestic product in 1999. "BizBuyer.com has built a sophisticated RFQ marketplace for the U.S. business community. This autumn, we will bring this technology to the U.K. and integrate localised localised - localisation business services from local and European suppliers. We'll then roll the service out quickly to France and Germany," promises Pirard. BizBuyer.com Europe has offices in London SW10 and employs more than 20 people. Besides Pirard, its senior management appointments include David Piggin as director of technology and Nicholas Schoenfeld as director of business development. About BizBuyer.com BizBuyer.com, which was founded in 1998 by Frenchman Bernard Louvat, is the leading business-to-business, request-for-quote marketplace of business services for small and mid-sized businesses. Its investors include Staples.com, CMGI@Ventures, Redpoint Ventures, Times Mirror Chandler Trust Ventures, eCompanies Venture Group, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
Information on CMGI and CMGI@Ventures is available at www.cmgi.co.uk and www.ventures.com. |
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