FedBid is Saving the Army Millions

FedBid just announced that the U.S. Army has saved $150 million using FedBid reverse auctions since 2007.

It’s inspiring to see technology bring more transparency to our government and help save taxpayer dollars – a great example of doing well by doing good. I can’t wait to see how this technology can expand to other parts of the government as well as the private sector to save even more money.

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Ted Leonsis

Ted Leonsis is a nationally renowned entrepreneur, investor, and business-builder. He sits on the board of directors of several leading companies ranging from American Express to Groupon.

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