Deal Is Worth Millions for Diverse Businesses
MASON, OH and PHILADELPHIA, PA–(Marketwire – Dec 5, 2012) – ConnXus.com, a revolutionary online supplier-diversity service, and Procurian, the leading provider of comprehensive procurement solutions, have teamed up to provide corporate contracting opportunities worth millions of dollars for minority- and woman-owned businesses.
Procurian helps Fortune 1000 companies optimize their spending on outside goods and services, which includes identifying and contracting with new suppliers. To address their clients’ growing commitment to engaging diversity suppliers, Procurian posts select contract bidding opportunities on ConnXus.com for the online service’s performance-rated diverse supplier members.
The two companies estimate that approximately two to three opportunities are posted weekly on ConnXus.com, ranging in value from $100,000 to $2 million apiece. The opportunities span more than 100 spend categories, including legal, facilities, information technology, corporate and professional services (accounting, consulting, training, etc.), capital equipment, and manufacturing services.
“This collaboration represents an unprecedented opportunity for minority- and woman-owned businesses to compete for significant contracts that can help their businesses grow, creating more jobs, which this country desperately needs,” said Rod Robinson, ConnXus.com founder and CEO. “Corporations want to hire more diverse suppliers, and now, with ConnXus.com they have a more effective way to connect with them.”
“Our partnership with ConnXus.com is an example of our ongoing investment in the specialized procurement infrastructure that we have built to help companies optimize their spending in a way that supports both their strategic business goals and financial performance,” said Tia Jiles, supplier diversity lead for Procurian. “As leading enterprises continue to weave diversity into the fabric of their businesses and brands, innovations such as ConnXus help us accelerate strategic realization of supplier diversity while continuing to drive improved supplier performance and savings.”
About ConnXus Web-based service ConnXus, based in Mason, Ohio, helps corporations locate, evaluate and engage small, woman- and minority-owned businesses. Corporations register as buyer members and indicate which of the more than 400 products or service categories they need. Small, woman- or minority-owned businesses register as supplier members, indicating the products or service categories they provide as well as their size, areas of expertise and representative customers. Thousands of companies belong to the ConnXus database, and buyer members have posted more than $200 million in contract opportunities for supplier members so far. For more information, go to www.connxus.com.
About Procurian, Inc. Procurian — formerly known as ICG Commerce — is the leading specialist in comprehensive procurement solutions. Forward-thinking business leaders partner with Procurian to transform procurement and drive sustainable changes to their cost structures. Global industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and Whirlpool, have chosen Procurian to accelerate this transformation. Procurian’s built-out Specialized Procurement Infrastructure™ integrates with businesses to optimize spending and deliver real savings that equal a margin point or more. Procurian is an ICG (NASDAQ: ICGE) company. For more information, visit www.procurian.com.
Read the release here.