Bidcom Acquires E-Business Specialist
Page 1 of 1
Aiming to help engineers and architects with their building projects, Bidcom Inc. Monday bought Net collaboration services specialist Cubus Corp.
Financial terms were not disclosed. Bidcom offers a number of online-based procurement services for the construction industry.
Bidcom President and Chief Executive Officer Doug Sabella said the purchase would allow his firm to offer clientele less expensive collaboration services for the full lifecycle of their building projects.
"Cubus has a proven track record of delivering a low-cost, easy to deploy application for architects and designers," Sabella said. "The acquisition of Cubus will allow Bidcom to extend its collaboration service to a broader base of customers.
"Within Bidcom's e-business environment customers will now be able to collaborate and communicate on projects of all shapes and sizes, and access premium services -- including bidding, marketplace and information services -- that will help them to increase their productivity and profitability," said Azhar Khan, co-founder and CEO of Cubus.
In addition, Bidcom recently launched its financial services division and announced a partnership with FleetBoston Financial.