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Home > Company Index > Diversified Services > Miscellaneous Business Services > ProcureNet, Inc.
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ProcureNet, Inc. |
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NEWS FROM THE STANDARD |
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Learning the Web the Hard Way
Mar 19 2001 12:00 AM PST
PROFILE |
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ProcureNet helps the government get its goods. Through its Web site the company provides a one-step, automated procurement process of goods such as military and commercial vehicle parts; plumbing, electrical, and hardware supplies; and other repair and maintenance supplies. US government agencies (primarily the Department of Defense) account for three-quarters of sales; other customers include state and local agencies and small to medium-sized companies. ProcureNet is a 1999 spinoff of Fisher Scientific International, which is a major investor in the company. Other investors include the Thomas H. Lee Equity Fund and CEO Reuven Battat.
COMPETITION |
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FreeMarkets, Inc. (FMKT)
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VerticalNet, Inc. (VERT)
TRACKERS |
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Feb. 16, 2001 - LAYOFF TRACKER
40 laid off
Description: Reducing redundancies in an effort to reach profitability by 2001. Layoffs represent approximately 20% of headcount.
> More LAYOFF NEWS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 69.70
1-Yr. Sales Growth: 18.2%
Employees: 243
Revenue per employee: $286,831.28
KEY PEOPLE |
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Reuven Battat
CEO
John D. Sanford
CFO
CONTACT INFO |
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Long Island Technology Center
Great River, NY 11739
US
Phone: 631-859-6000
Fax: -
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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