Detroit Selects BidSync Source And BidSync Contract

Purposed-Based E-Procurement Solutions Will Help Detroit Eradicate Waste

Austin, TX (Marketwired) - Periscope Holdings, the leader in purpose-based procurement, announced today that the City of Detroit has selected& BidSync Source andBidSync Contract to increase the effectiveness the city's procurement operations.

The City's centralized purchasing authority is responsible for the vast majority of the City government's acquisitions and purchases. The Purchasing Division chose BidSync Source and BidSync Contract to enhance its public transparency and fairness to the contracts that they award; and to also help resolve challenges in their existing procurement process and vendor interface. The City has an ongoing mission to increase accountability to its 713,000 residents.

"We are excited about partnering with the City of Detroit to create value within its procurement process through our BidSync Source and BidSync Contract solutions," said Brian Utley, President and CEO of Periscope Holdings. "We know that the city evaluated several different solutions; we believe we were chosen because we are a purposed based company. I know through our partnership with the City we will eradicate waste and maximize the value of every dollar spent."

BidSync Source and BidSync Contract are used by more than 1,000 public sector agencies nationwide and in Canada. Detroit City will have access to more than 800,000 vendors who have chosen BidSync for bid notification and other services, increasing the competitiveness of bids received.

About Bidsync
Acquired by Periscope in December 2014, BidSync (www.bidsync.com) is a leader in purpose-based procurement and dedicated to delivering value to the public sector, higher education and the vendors/suppliers that sell to them. Our solutions create an online marketplace that streamlines processes, eliminates inefficiencies, creates transparency and allows these entities to collaborate better.

About Periscope Holdings, Inc.
Periscope Holdings, Inc. (http://www.periscopeholdings.com), headquartered in Austin, Texas, is the leader in purpose-based procurement. Periscope eradicates waste and maximizes the value of every dollar spent by our public sector and higher education clients with procurement transformation solutions and services.

Periscope offers an eProcurement software suite, BuySpeed™, holds the exclusive license to maintain, enhance, and market the NIGP Commodity/Services Code, and manages the NIGP Consulting Program, which provides a wide range of procurement transformation services, including procurement strategy development, organizational assessments, relevant benchmarking, process reviews, and strategic sourcing services. Our solutions streamline processes, increase efficiency, decrease expenditures, and create transparency, allowing our clients to focus on achieving their purpose.