US: Bentley Systems has announced that it has acquired Bainbridge Island, Washington-based eBid Systems, provider of ProcureWare, a cloud-based procurement management solution. ProcureWare encompasses the complete sourcing lifecycle and standardizes supplier qualification and management – from supplier selection and pre-qualification through online bidding, analysis, award, and contract management – streamlining the bidding process, promoting cost savings through increased supplier competition, and mitigating risk through visibility into decision making.
Eric Law, Bentley Systems’ senior director, construction product management, said, “On behalf of Bentley, I welcome our new team members from eBid Systems, including founder Keith Jones. The ProcureWare solution helps us achieve our vision for an integrated, end-to-end engineering-procurement-construction lifecycle. With the addition of an integrated procurement solution, Bentley users will be able to execute all phases of a project with a complete project delivery portfolio.”
Keith Jones, who will serve as senior director, procurement solutions, project delivery at Bentley Systems, said, “The eBid Systems team is very excited to join Bentley’s global organization. We look forward to working with our new colleagues to bring the benefits of procurement process efficiency and best practices to Bentley users worldwide.”
Through ProcureWare, eBid Systems’ flagship offering, users have access to online bidding with the project delivery supply chain, saving weeks in the requisition to award cycle for the procurement of contractor services.
“I am happy to hear that eBid, as well as its founder Keith Jones, is becoming part of Bentley Systems, and I’m excited to see the future evolution of ProcureWare as part of Bentley’s software solutions,” said Community Transit’s Procurement Director, Kunjan Dayal. “ProcureWare has helped us modernize and streamline our procurement process, and it gives me better insights into our bidding activities and results.”
eBid Systems provides procurement solutions to hundreds of organizations including engineering, architecture, and construction firms and public-sector organizations that collectively manage more than 270,000 vendor accounts. Since the company’s founding in 1999, eBid Systems software has processed more than 4 million bids resulting in 11 billion USD in awarded contracts.