FedBid Names Michael Bonamassa as Senior Vice President

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					FedBid Names Michael Bonamassa as Senior Vice
August 24, 2010 11:16 AM Eastern Daylight Time  

VIENNA, Va.--(EON: Enhanced Online News)--FedBid, Inc., The Buyer-Driven Online Marketplace® for
commodity buys, today announced that it has named Michael Bonamassa as Senior Vice President of Commercial
Accounts. Bonamassa brings more than two decades of experience in strategic planning and revenue generation for
fast-growing technology companies such as Advanced Technology Systems, Number Six Software and Rational
Software. In this new position, Bonamassa will lead FedBid’s planning process to offer its online reverse auction
marketplace to companies in the private sector.

“FedBid’s online marketplace has helped government agencies save hundreds of millions of dollars while improving
efficiencies in the procurement process,” said FedBid President, Glenn Richardson. “We think there are tremendous
opportunities to bring a similar revolution to the commercial sector buying process, and we believe that Mike is the
perfect executive to help us design and implement the most effective strategies to accomplish that goal.” 

“In tight economic times, every dollar counts, and companies are looking for innovative ways to impact their bottom
lines. As FedBid has consistently demonstrated in the public sector over the past decade, one of the most effective
ways to do this is to reduce operational costs and improve buying processes for commodity goods and simple
services,” said Bonamassa. “Over the coming months and years, we hope to extend this proven methodology into
the commercial space to help businesses work more efficiently and effectively – particularly with respect to the
unmanaged 'spot' buying that continues to cost companies much more than they realize.” 

Prior to joining FedBid, Bonamassa was CEO of Green House Energy, a distributed-grid renewable power
generation provider that provided cost-efficient solar power systems to homeowners. Previously, he served as Chief
Operating Officer for Number Six Software, where he grew new business revenue from $4 million to $35 million
annually. After Advanced Technology Systems Corporation acquired Number Six Software, Bonamassa was named
Senior Vice President, overseeing operational development and long-term business planning. He arrived at Number
Six after serving in numerous leadership roles within leading software engineering products company Rational

ABOUT: FedBid, Inc.

FedBid, Inc. provides FedBid® online procurement services through The Buyer-Driven Online Marketplace® at
www.FedBid.com, the leading online marketplace for public sector acquisition of commodities and simple services.
To date, procurement professionals at dozens of federal organizations, including DoD, DHS, and DoS, and
commercial entities have used FedBid to procure $billions worth of commodities and simple services from thousands
of businesses around the U.S. For more information, visit FedBid online at www.FedBid.com or call (877)
9FEDBID. FedBid — Better Buying | Smarter Selling® 

Luther Tupponce, 703-738-6886
Permalink: http://eon.businesswire.com/news/eon/20100824006264/en/FedBid/SVP/executive-move

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Description: VIENNA, Va.--(EON: Enhanced Online News)--FedBid, Inc., The Buyer-Driven Online Marketplace for commodity buys, has named Michael Bonamassa as SVP of Commercial Accounts to plan and manage service delivery to private sector companies. img border='0' title='Add to Google' alt
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