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BizBuyer.com Forms Strategic Commerce Partnership With Armstrong Insurance Group.


Business Editors/High-Tech Writers

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. , Calif.--(BUSINESS WIRE)--April 17, 2000

Leading Property & Casualty Insurance Group to Deliver Customized

Insurance Quotes to BizBuyer.com Customers Through Network

of Highly Qualified Underwriters

BizBuyer.com (http://www.bizbuyer.com), the leading online business-to-business 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) 
) marketplace that connects highly qualified buyers and sellers of business products and services, today announced a strategic commerce partnership with Armstrong Insurance Group. The partnership will provide BizBuyer.com's business customers with a greater selection of quality commercial insurance plans and best-in-class rates through Armstrong Insurance Group's network of qualified insurance underwriters.

Under the terms of the agreement, Armstrong Insurance Group will fulfill the property and casualty insurance needs of BizBuyer.com's business customers. BizBuyer.com customers who submit quote requests for commercial insurance will have their requests matched with the most appropriate national, regional or local provider from Armstrong's national network of insurance carriers. Once matched, Armstrong Insurance Group will exclusively deliver a variety of competitive and customized quotes to BizBuyer.com's customers.

"We've selected the Armstrong Insurance Group to exclusively deliver customized, competitive quotes to our customers because Armstrong has unmatched expertise in providing quality insurance services to meet the needs of business nationwide," said Paolo Consiglio, senior vice president of Commerce and Marketing for BizBuyer.com. "We look forward to Armstrong Insurance Group enhancing our commercial insurance offering by providing our customers with the most appropriate insurance plans to meet the needs of their growing businesses."

"BizBuyer.com has proven they are one of the leading and most trusted online marketplaces for small and mid-size businesses," said Desmond Armstrong Desmond Armstrong (born November 2, 1964 in Washington, D.C.) is an American former soccer defender and midfielder, who was a member of the U.S. national team from 1987 to 1994. Early years
Armstrong was born and raised in Washington, D.C.
, founder and 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 the Armstrong Insurance Group. "We are pleased to have been selected by BizBuyer.com to provide customized insurance products to its customers. By combining BizBuyer.com's unique quote request service with our experience and expertise in commercial insurance services, we are confident we can deliver BizBuyer's customers high quality insurance providers and a broad selection of customized insurance plans that fulfill their needs."

The BizBuyer.com Model

The BizBuyer.com business model is built on providing businesses with the online tools and technology to efficiently transact business products and services through a network of highly qualified sellers. The concept of bringing buyers and sellers together through an online marketplace allows small to mid-size businesses to consult with Bizbuyer purchasing specialists, locate highly qualified vendors, compare customized quotes and make informed purchasing decisions much more effectively, saving valuable time and money. For vendors, BizBuyer.com provides highly qualified sales leads, reduces customer acquisition costs and expands their sales territory.

About BizBuyer.com

Headquartered in Santa Monica, California For other uses, see Santa Monica (disambiguation).
Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north,
, with offices in Silicon Valley, BizBuyer.com is the leading online business-to-business marketplace that connects highly qualified buyers and sellers of business products and services. The site provides Request for Quote (RFQ) technology that enable small to mid-size businesses to purchase a wide-range of business products and services through competitive quotes from highly qualified vendors. The BizBuyer.com community currently offers thousands of qualified vendors that are registered to quote throughout 63 product and service categories. Vertical market categories range from computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP.  and equipment, Internet services and insurance to financial and legal services legal services n. the work performed by a lawyer for a client. , travel and transportation, sales, marketing and creative services Creative Services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Examples include:
  • Design and Production agencies
. Since the Fall of 1998, BizBuyer.com has raised over $60 million in funding from venture capitalists Venture Capitalist

An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding.

Notes:
Venture capitalists usually expect higher returns for the additional risks taken.
 and strategic partners that include Staples.com, Times Mirror Chandler Trust Ventures, CMGI's @Ventures, Redpoint 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:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
 Ventures, US Venture Partners, Intel and a host of angel investors that includes eBay's 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 .
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 17, 2000
Words:594
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