Onvia

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Onvia, Inc. (NASDAQ: ONVI) is an American government business intelligence company with 174 employees and annual revenue of US $17.7 million. Onvia offers a number of business-to-business software products, including Onvia Business Builder, a government leads and relationship manager; Onvia Navigator, a database of government contracts database; and the Onvia Guide, which provides push notifications of government business opportunities.

Onvia is located in Seattle, Washington, USA.

[edit] History

Onvia was founded in 1996 by 25-year old Canadian entrepreneur Glenn Ballman[1] as a one-stop shop for small business owners, initially selling over 25,000 office supplies on its website, Onvia.com. Onvia raised US $70 million in early rounds of financing,[2] and went public on March 1, 2000 on the NASDAQ [3] where it raised US $235 million. In August of 2000 the company was awarded "Hottest Startup in Canada" by the Toronto Board of Trade and Profit Magazine.[4] In August 2000 Onvia acquired Globe-1, a business-to-government portal, turning the company's focus away from e-commerce to the government-bid space. Onvia then used its cash reserves to buy competitors, including DemandStar in March 2001[5]. Onvia has since focused on the business-to-government space.

[edit] References

  1. ^ Canadian Encyclopedia (2007). "Martin's Budget." Historica Foundation of Canada
  2. ^ Cook, John (1999-9-8). "Onvia.com able to raise $11 million." Seattle Post-Intelligencer
  3. ^ Internet Capital Group (2000-3-1). "Internet Capital Group Announces the Initial Public Offering of Its Partner Company Onvia.com." Business Wire
  4. ^ Business Editor (2000-8-28). "Toronto Board of Trade and Profit Magazine Name Onvia.com Hottest Startup in Canada." Business Wire
  5. ^ Tice, Carol (2001-6-29). "Onvia pursues profitability with new business model." Puget Sound Business Journal.

[edit] External links