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medibuy.com Acquires PartNET

medibuy.com, a provider of e-commerce solutions for medical supply procurement, acquired PartNET, a privately held software developer of e-commerce technology.

Terms were not disclosed.

medibuy.com said the acquisition will allow it to deliver real-time customized pricing solutions to buyers and sellers of healthcare supplies and equipment around the world.

PartNET's scaleable e-commerce technology assembles catalog information from multiple suppliers anywhere on the Internet into a single, unified virtual catalog tailored to the customer's buying needs.

This instant-catalog technology -- called "InstaCat" technology -- will be implemented across medibuy.com's entire e-commerce solution set, including eCatalog, eRFP, and eAuction.

"PartNET's leading-edge catalog software will enable medibuy.com to further automate key functions of the healthcare procurement process and speed the workflow of healthcare buyers and sellers," said Dennis Murphy, CEO of medibuy.com.

"The addition of PartNET's InstaCat technology provides a technological advantage over other procurement services and transforms the way medical equipment and supplies are bought and sold, bringing this industry into the next millennium. "

After the acquisition, of PartNET will remain in Salt Lake City and CEO Don Brown, will serve as president . PartNET customers include the U.S. Department of Defense, Newark Electronics and Humana.