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SEATTLE, Dec. 17, 2013 /PRNewswire/ -- Onvia, the leading provider of "Intelligence for Companies to Win More Government Business", today announced the release of Vendor Center, a new strategic business intelligence solution to identify and evaluate government contractors.
In addition to the wealth of historical data for government vendors, Vendor Center is a dynamic tool that provides ongoing tracking and benchmarking. Once you identify the vendors you want to track, you are automatically notified of any new procurement activity for your vendors of interest. Equally impressive is the ability to benchmark up to five vendors and compare them against each other on a real time basis. You can compare the number of awards, number of active term contracts, number of agencies as customers, average award value, and percentage of business divided between federal, state and local markets.
"We continue to lead the industry by providing strategic intelligence to win more government business and help our clients focus on the best opportunities," said Hank Riner, President and CEO of Onvia. "Collecting, normalizing and organizing vendor intelligence from public procurement data is a significant effort. Using our proprietary technology, we were able to analyze 4.5 million public procurement documents from the last three years mentioning 6 million vendors names, normalize those names into 1 million vendor records and consolidate those records into a collection of 170,000 unique vendor profiles that capture holding company and subsidiary relationships. No one else in our industry has successfully organized this massive amount of vendor data in a meaningful way for the marketplace."
Vendor Center is the first in a series of strategic business intelligence solutions that Onvia plans to introduce to the marketplace over the next two years.
For more than 12 years Onvia (NASDAQ: ONVI) has been delivering the data and tools companies rely on to succeed in the government-contracting market. Onvia tracks and reports the spending of tens of thousands of federal, state and local government agencies, giving companies a single source for conducting business with government. Along with providing an exclusive suite of integrated business tools for a wide variety of industries, Onvia offers DemandStar, an automated e-procurement system that streamlines agency procurement processes. For information about Onvia, visit www.onvia.com.
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