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December 4, 2009

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LV firm selling software

Wednesday, July 11, 2001 | 10:43 a.m.

Las Vegas-based software firm PurchasePro said it completed the sale of two license agreements for its e-Source reverse auction product.

Financial terms and licensees were not disclosed.

The e-Source reverse auction product, which licenses for $1 million or more plus hosting and maintenance fees, allows suppliers to bid for a buyer's business in real time over the Internet.

The system enables buyers to create and send electronic requests for information and quotes on a wide range of products from landscaping services to machine parts.

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