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October 10, 2015 7:04 AM ET

Internet Software and Services

Company Overview of FedBid, Inc.

Company Overview

FedBid, Inc. operates a managed online B2B/B2G reverse-auction marketplace that optimizes e-commerce for business, government, commercial, and educational organizations to buy commodity goods and services they need for their operations. It serves the Department of Defense, Federal Civilian, and state and local government, as well as sellers. FedBid, Inc. was formerly known as Inc. and changed its name to FedBid, Inc. in 2004. The company was founded in 1999 and is headquartered in Vienna, Virginia. As of April 2001, FedBid, Inc. operates as a subsidiary of Daston Corporation.

8500 Leesburg Pike

6th Floor

Vienna, VA 22182

United States

Founded in 1999





Key Executives for FedBid, Inc.

Chief Executive Officer
Chief Financial Officer
Senior Vice President of Strategy and Operations
Senior Vice President of Sales
Compensation as of Fiscal Year 2015.

FedBid, Inc. Key Developments

FedBid, Inc. Appoints Lance Weaver to its Board of Directors

FedBid, Inc. announced the appointment of Lance Weaver, to its Board of Directors. Weaver brings more than 25 years of multifaceted commerce, payments and business leadership experience to FedBid's Board, including his positions at MBNA, Virgin Money Cards, and as an advisor to companies such as VISA, Citigroup and MasterCard. In his role as Executive Vice Chairman and Chief Administrative Officer, he had oversight responsibilities for corporate affairs, law, government relations, personnel, investor relations, media relations and planning.

FedBid, Inc. Announces the Hire of Joseph Jordan as President of Public Sector

FedBid, Inc. announced the hire of Joseph Jordan, who will be joining the company 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 the company'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.

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