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Staples.com Invests in Bizbuyer.com

Staples.com made a 10 percent investment in BizBuyer.com and formed a strategic alliance with the company to deliver the latter's quote request service to Staples.com business customers.

The companies will create an e-marketplace on Staples.com where customers can buy and sell business products and services using BizBuyer's buyer-driven quote request service.

Financial details of the investment were not disclosed.

"This investment is a critical building block in establishing Staples.com as the small business destination on the Web," said Jeanne Lewis, president of Staples.com. "BizBuyer.com was the clear partner of choice."

Through BizBuyer.com, buyers and sellers are brought together through an online, business-to-business marketplace that allows small- to-medium-sized businesses to put their product and service needs out for competitive bid to qualified vendors.

Businesses can review buying guides, compare customized quotes and view vendor profiles and ratings from other buyers before making a purchasing decision. BizBuyer.com has more than 20,000 vendors registered to bid throughout 57 product and service categories,

As part of the agreement, Staples.com will be the exclusive office supplies provider on BizBuyer.com and Lewis will serve on BizBuyer.com's board of directors.



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