News & Information

Latest Press Releases

Navy Awards FedBid New Contract to Deliver Innovative Acquisition Marketplace

VIENNA, VA – January 16, 2018  FedBid, Inc., a division of Compusearch Software Systems, Inc., today announced that the U.S. Navy will continue to utilize FedBid's innovative acquisition marketplace through a competitively awarded contract available to all Navy contracting offices. This decision cements the critical role that the FedBid marketplace plays in supporting the Navy’s readiness and acquisition strategy for commodity goods and simple services. 

 

Compusearch Acquires FedBid, Bringing Together Two Industry Leaders in Federal Purchasing, Spend Management

DULLES, VA – October 3, 2017 – Compusearch® announced today the completion of the acquisition of reverse auction marketplace provider FedBid, Inc. FedBid will continue to operate under its own brand. This transaction brings together two industry-leaders in providing acquisition and spend management products and services in the federal sector. Compusearch’s PRISM and FedBid’s online reverse auction marketplace are used across the federal market to drive efficiency and cost savings in federal acquisition. With this move, FedBid will become Compusearch’s reverse auction provider within the PRISM solution. The combination of these two businesses will further innovate, streamline and strengthen the procurement process for federal customers, as well as continue to deliver savings to the government and taxpayers.

 

The Votes are In: RISKVue wins CIOReview Magazine’s Risk Management Award

Dulles, VA, July 20, 2016 – CIOReview has selected RISKvue™ because it increases risk awareness and agility while dramatically reducing the cost of program and enterprise risk management (ERM).  RISKvue is a flagship product of Compusearch, the leading provider of ERM and Compliance software to the US Federal Government and its industry partners for over 20 years.

One of the dozens of effective risk managers that use RISKvue within their ERM process is the Intercontinental Ballistic Missile Systems Directorate (ICBMSD).  ICBMSD’s award-winning ERM program has enabled the program to become even more proactive, and has done so with a tenth of the staff that would otherwise be required.  The program efficiently maintains a structured array of accurate risk information that enables faster, better resource allocation decisions and increases risk agility.  RISKvue provides comprehensive, full-lifecycle support from risk identification through creating briefing charts with the touch of a button.