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FedBid Announces Hire of White House Procurement Policy Chief Joseph Jordan

  FedBid Announces Hire of White House Procurement Policy Chief Joseph Jordan

Business Wire

VIENNA, Va. -- December 20, 2013

FedBid, the fully managed online marketplace optimizing e-commerce for
business, government and educational organizations, today announced the hire
of Joseph Jordan, who will be joining FedBid as President of Public Sector
from his role as White House Administrator for the Office of Federal
Procurement Policy (OFPP). In this new role, Jordan will help grow and manage
FedBid’s Federal Buyer base, while driving additional growth in the State,
Local and Education (SLED) sectors. Jordan will also assist with the company’s
recent private sector launch, a move to open commercial businesses of all
sizes to buy commodity goods and simple services in the online marketplace.

Most recently, through his role as OFPP Administrator, Jordan was highly
lauded for reducing government contract spending by the largest amount in
history in 2012. Similarly, FedBid has reported saving Federal agencies that
purchased simple goods and services through the company’s online marketplace
$160 million during FY13 on everything from IT and office products to
maintenance and security services. Before joining the Office of Federal
Procurement Policy, Jordan was with the Small Business Administration, where
he helped the government achieve its largest two-year increase in small
business contracting performance in over a decade.

“With a diverse career over the last twenty years of significant public and
private sector procurement, contracting, business process and solution-making
successes, Jordan will be a natural fit to move FedBid’s public sector
business forward,” said FedBid CEO, Ali Saadat. “Since our start nearly
fourteen years ago, we have succeeded in building a highly effective online
marketplace that has saved the federal government hundreds of millions of
dollars, while opening up billions of dollars in opportunities to small
businesses around the country, and look forward to having Jordan join the team
to further expand and grow our company.”

“Helping governments be more fiscally responsible to taxpayers while helping
small, minority, veteran and disadvantaged businesses grow, is something that
I am passionate about,” said Joseph Jordan. “This new role leading public
sector efforts with FedBid gives me the opportunity to continue building
momentum in our efforts to help the government buy smarter, while advancing
economic growth in communities throughout the country. I’m grateful and
looking forward to driving real positive change through a truly better way of
buying.”

The company’s focus on improving operational processes to increase savings,
transparency and efficiency closely parallels with Jordan’s. Over the past
five years, Buyers across the Federal government have saved a combined $770
million by purchasing through FedBid. These kinds of savings successes are
also now benefitting Commercial and Education Buyers ranging from Groupon and
SunGard to California Community Colleges, Georgetown University and most
notably, Detroit Public Schools (DPS), which has saved over 19% by purchasing
through FedBid over the course of the last academic year. FedBid has also
increased DPS’ ability to source from a greater, but more specific number of
quality suppliers—especially local suppliers—in efforts to support the
recovering state and local economy, enabling 38% of all DPS purchases to be
awarded to local businesses.

His hire marks the latest move by the company to build its expansion into new
markets, a growth spearheaded by last year’s investment by renowned technology
entrepreneurs Ted Leonsis and Steve Case’s Revolution Growth fund.

ABOUT: FedBid, Inc.

FedBid® was founded on the premise there’s a better way for organizations of
all sizes to buy smart, save money and reduce risk on simple goods and
services they buy every day. Our fully managed online marketplace has been
proven to optimize how business, government and educational organizations buy
the goods and services they need to keep their operations running. Buyers save
time and money. Sellers get access to real opportunities. It’s a Win-Win. For
more information, visit FedBid at www.FedBid.com or call (877) 9FEDBID.
FedBid—Better Buying | Smarter Selling ®

Contact:

FedBid, Inc.
Andres Mancini, 703-839-7008
Andres.Mancini@FedBid.com