Published: 17 August 2000
Analyst(s): Carol L. Simmons, Barbara D. Kissner
Established in 1995, FreeMarkets is a leading B2B eMarketplace that combines its industry-leading technology platform with sourcing information and world-class services. FreeMarkets has hosted over 5,000 auctions and provides call center support services to buyers and sellers in over 30 languages. Its BidWare technology supports realtime trading and pricing across 29 auction formats. Over 5,600 suppliers from more than 50 countries have participated in the FreeMarkets B2B eMarketplace. FreeMarkets has executed auctions for the purchase of more than $7.6 billion worth of goods and services to date, and created estimated savings of nearly $1.5 billion for its customers. The company also operates FreeMarkets Asset Exchange, a B2B eMarketplace for surplus assets and inventory.
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