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BuyerZone Registers One-Millionth Buyer and Receives Deloitte's "New England Technology Fast 50" Award for 4th Consecutive Year
Close of third quarter marks major milestones for company
WATERTOWN, Mass. – (Sept 27th, 2005) – BuyerZone, the leading online marketplace for business purchasing, announced today that it has registered more than one million businesses that have used its Request for Quotes service for major company purchases.
The company also celebrated its fourth consecutive "New England Technology Fast 50" award from Deloitte in recognition of BuyerZone's continued rapid revenue growth.
BuyerZone's free Request for Quotes (RFQ) service streamlines the purchasing process by connecting active business buyers with leading local and national suppliers. The service is used by buyers ranging from Fortune 500 companies and government institutions to small businesses like one-millionth user All Day Entertainment Inc. (www.alldayentertainment.com), an independent DVD label which used BuyerZone to find a new credit card processing service to handle its online sales transactions.
"The BuyerZone service was fantastic," stated David Kalat, founder of All Day Entertainment. "I thought finding the right credit card processing service was going to be a painful and tortuous process, but the whole thing ended up being much easier and faster than I expected. In the end I found a cheaper service that solved all of my problems within 24 hours."
BuyerZone's RFQ service saves buyers time and money on more than 100 different types of business purchases ranging from phone systems, copiers, payroll services and office furniture to construction equipment, security systems and modular buildings. To date, the one million buyers who have submitted RFQs on BuyerZone have resulted in over three million connections to the more than 3,000 companies in the BuyerZone Supplier Network.
"The achievement of our one-millionth Request for Quotes demonstrates the value that our service provides to both buyers and suppliers across a broad range of businesses and purchases," said Sam Zales, President and CEO of BuyerZone. "We're excited to be celebrating this milestone at the same time we are being recognized again by Deloitte as one of the fastest growing companies in New England."
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 free Request for Quotes service uses a dynamic matching process to connect each buyer with the most appropriate providers within a comprehensive network of over 3,000 top local and national suppliers.
BuyerZone is a profitable, privately held, venture-backed company whose investors include Bessemer Venture Partners, Commonwealth Capital Ventures, Flagship Ventures, BancBoston Ventures, and Women's Capital Growth Fund. Supplier Partners include First Data Corporation, Intuit, Lanier, Mitsubishi, Nortel, Pitney Bowes, Sharp and Toshiba.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touch Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touch USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
For more information, please visit BuyerZone's web site at http://www.buyerzone.com.
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Press Contacts:
Scott Healy
BuyerZone
617-715-1674
pr@buyerzone.com
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