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FreeMarkets Extends Electronic Marketplace

B2B online marketplace Free Markets Inc. Monday released a suite of Internet-based products for professional buyers and suppliers.

The Web-based products are designed to integrate and automate the activities and data necessary for buyers to conduct strategic purchasing and suppliers to bid on business opportunities in the company's B2B e-Marketplace.

The products allow buyers and suppliers to work in a secure environment and complete critical tasks over the Web, such as publish online request for quotations, match bidding opportunities to supplier profiles and manage multiple projects.

The products deliver solutions to customers and suppliers of the company's online B2B marketplace, according to Jane Kirkland, vice president and chief information officer for FreeMarkets.

"The desktops are based on the considerable knowledge we've developed conducting online auctions, and give buyers and suppliers access to the information required to conduct strategic purchasing," she said.