Staples.com Invests in Bizbuyer.com
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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."
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.