BuyerZone Delivers Two Millionth Sales Lead to Suppliers of Business Products and Services
Exponential Growth of Business Buyers' "Request for Quotes" Reflects Demand for Fast, Efficient Online Marketplace that Matches Buyers with Suppliers
WATERTOWN, Mass., (March 08, 2005) - BuyerZone, the leading online marketplace for business purchasing, announced today the delivery of its two millionth sales lead to its supplier referral network of national and local suppliers of business products and services. Supplier partners of BuyerZone include companies such as Intuit, Konica Minolta, Mitsubishi, Paychex, Sharp and Toshiba.
Using BuyerZone's "Request for Quotes" (RFQ) online service, suppliers of business products and services receive timely, highly-targeted leads from potential customers who are actively looking to purchase any of more than 100 high-value business products, industrial equipment, and services ranging from phone systems, copiers, payroll, credit card processing and office furniture to forklifts, aerial lifts and modular buildings. New leads, which detail the buyer's purchasing specifications and full contact information, typically arrive in a supplier's in-box within hours of the requested quote, enabling suppliers to respond with offers in a timely fashion.
Suppliers are able to customize and control their program by choosing which products or services they offer, as well as the geographic regions targeted and maximum number of leads they wish to receive each month. With more than one million of the leads processed in 2004 alone and an estimated $2 billion in purchasing transactions facilitated through the BuyerZone marketplace since 2003, the demand for researching and purchasing business products online is growing at an exponential rate.
"While online purchasing is consistently on the rise, too often the search for specific, competitively-priced business products is a tedious process. We have delivered over two million leads to our supplier partners, demonstrating how many business managers clearly value saving time, money and effort through our online marketplace," said Sam Zales, President and CEO of BuyerZone. "More importantly, it shows that using an online service like BuyerZone not only delivers an efficient process for buyers, it also offers value for suppliers who want to make timely connections with serious buyers and gain access to another low-cost sales channel."
About BuyerZone
Since 1992, BuyerZone has helped millions of businesses save time and money on their most essential business purchases. With more than $2 billion in business purchasing transactions facilitated through BuyerZone since 2003, BuyerZone's service attracts active buyers seeking purchasing guidance across more than 100 business product and service categories. BuyerZone's Requests for Quote service uses a dynamic matching process to connect each buyer with the most appropriate providers within a comprehensive network of over 2,500 top local and national suppliers.
BuyerZone has been named to Deloitte's "Technology Fast 50" program for New England for three consecutive years. BuyerZone is a profitable, privately held, venture-backed company whose investors include Bessemer Venture Partners, Commonwealth Capital Ventures, BancBoston Ventures, Flagship Ventures and Women's Capital Growth Fund. Supplier Partners include Konica Minolta, Lanier, Mitsubishi, NEC, Nortel, Pitney Bowes, Paychex and Toshiba.
For more information, please visit BuyerZone's web site at http://www.buyerzone.com
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Press Contact:
Scotty Rill
617-868-5757 ext.112
srill@buyerzone.com
