Mediagrif continues expansion with the acquisition of Construction BidBoard, a leading bid publisher of the construction industry
/CNW Telbec/ - Mediagrif Interactive Technologies Inc. (TSX: MDF), a world-leading operator of e-business networks and provider of complete e-business solutions, announced today that it has completed the acquisition of Construction BidBoard inc., a leading bid publishing company
located in California.
"This acquisition will allow Mediagrif to expand its offering in the
US e-tendering sector and serve as a base to offer a more segmented and
vertically focused product that provides additional value to users. The
acquisition of Construction BidBoard will also bring to Mediagrif
complementary expertise, channels and revenue streams that will support the
future growth of its e-tendering segment. Their service offering and customer
base will provide us with cross and up sell opportunities, mostly in the
construction sector." said Denis Gadbois, Chairman of the Board and CEO of
Mediagrif Interactive Technologies.
Headquartered in San Diego, California, Construction BidBoard operates under the eBidboard trade name and provides a Web-enabled, interactive data service focused on improving the construction bid process. Companies subscribe to the network to access real-time and accurate information within the bidding process of the construction industry. It offers the largest cross-agency database of project information and bid results including line item cost
information in the state of California. eBidboard also offers features to access this information, allowing a collaboration between owners and prospective bidders, search, solicit and document sub-contractors under good faith efforts required by law and searching of historical information and bid results. eBidboard (www.ebidboard.com) has provided bidding information for close to $US 40 billion worth of construction projects since its inception in 1999.
"We are excited that Construction BidBoard has become part of the Mediagrif team," said David Sykes, President and CEO of Construction BidBoard. "Mediagrif's expertise in building successful e-business networks, coupled with their exceptional technical development resources and operating practices, will enable us to bring significant enhancements to our service and contribute to our future growth plans."
Please refer to the following document:
http://www.cnw.ca/en/releases/archive/July2006/12/c9494.html
