Fairfax buys NZ web tender notification service, Tenderlink

14 Dec 2010

Source: Mumbrella
Fairfax Media Limited announced today the acquisition of the southern hemisphere’s largest tender notification service provider, TenderLink.com for a maximum consideration of NZ$21.6 million. TenderLink is a tender notification service and provider of electronic tendering solutions using a Software-as-a-Service (SaaS) model. It is recognised as the clear leader in its fields in the Australian and New Zealand markets.

TenderLink’s service brings purchasers and suppliers together as well as streamlining the management of the tendering process from paper to electronic. TenderLink’s web-based technology enables purchasers to speed up the tendering process by efficiently engaging with suppliers electronically. Through subscription and advertising fees, procurement teams, particularly in construction, local government, utilities and universities, use the service to reach over 150,000 registered suppliers. Suppliers subscribe to an electronic tender notification service that provides access to 99% of publicly advertised tenders throughout Australia and New Zealand.

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