Sale to Compusearch Software Systems
Baird served as exclusive financial advisor to FedBid, Inc. on this transaction
AboutFedBid, Inc. (“FedBid” or the “Company”), a portfolio company of Revolution Growth, was recently acquired by Compusearch Software Systems, Inc. (“Compusearch”). Terms of the transaction were not disclosed.
FedBid is a fully-managed cloud-based online marketplace optimizing the way governments, businesses and educational institutions buy goods and services. The Company saves buyers time and money, and allows sellers to access a broad network of sales opportunities. FedBid’s cloud-based platform provides the market’s de facto procurement purchasing marketplace with next generation technologies and best-in-class services to government agencies and private sector enterprises. FedBid oversees every aspect of the reverse auction transaction, a competitive process in which a buyer solicits bids from sellers who have the opportunity to submit a single bid or multiple bids that decrease in price. The Company has built a marketplace ecosystem of 18,000+ government and private sector buyers and 90,000+ sellers. FedBid was founded in 1999 and is headquartered in Vienna, Virginia.
Revolution Growth operates as a private equity subsidiary of Revolution LLC and specializes in start-up, growth capital, and later stage investments. Revolution Growth’s mission is to build disruptive, innovative businesses that offer consumers more choice, convenience and control in their lives. Revolution Growth was founded in 2005 and is headquartered in Washington, DC.
Compusearch is a leading provider of software and services that advance commerce and collaboration among government agencies and contractors. Compusearch's software solutions provide federal, defense and intelligence agencies and contractor organizations with the visibility, control and transparency necessary to improve productivity and performance while also meeting increasingly stringent federal compliance standards. Compusearch was founded in 1983 and is headquartered in Dulles, Virginia.
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- July 2017
- FedBid, Inc.
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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