Onvia Explained

Onvia, Inc.
Type:Public
Traded As:NASDAQ:
Industry:Business intelligence
Founder:Glenn Ballman
Hq Location City:Seattle, Washington
Hq Location Country:United States
Areas Served:-->
Parent:Deltek

Onvia, Inc. is an American government business intelligence company with 180 employees and annual revenue of US $21.1 million. Onvia offers a number of business-to-business software products, including Onvia Business Builder, a government leads and relationship manager; Onvia Navigator, a database of government contracts; and the Onvia Guide, which provides push notifications of government business opportunities.

Onvia is located in Seattle, Washington, USA.

History

Onvia was founded in 1996 by 25-year-old Canadian entrepreneur Glenn Ballman,[1] as a one-stop shop for small business owners, initially selling over 25,000 office supplies on its website, Onvia.com. Onvia raised US $70 million in early rounds of financing,[2] and went public on March 1, 2000 on the NASDAQ[3] where it raised US $235 million. In August 2000 the company was awarded "Hottest Startup in Canada" by the Toronto Board of Trade and Profit Magazine.[4] In August 2000 Onvia acquired Globe-1, a business-to-government portal, turning the company's focus away from e-commerce to the government-bid space. Onvia then used its cash reserves to buy competitors, including DemandStar in March 2001.[5]

In 2005, Onvia released Onvia Business Builder, a tool allowing subscribers to research historical and real-time data on individual government contract opportunities [6] Onvia continued to focus on the business to government market until the launch of their private sector tool, Onvia Planning and Construction, in February 2008.[7] In the third quarter of 2007, Onvia reported net income for the first time, but has lost money in all but that one quarter, according to its SEC filings.[8]

In early 2009, Onvia launched www.recovery.gov, with the stated goal of bringing increased transparency and accountability to economic recovery spending. The site features real-time data, maps, and graphs detailing the spending activity associated with the American Recovery and Reinvestment Act [9]

In November 2017, Onvia was purchased by Deltek,[10] a division of Roper Technologies.[11]

External links

Notes and References

  1. Canadian Encyclopedia (2007). " Martin's Budget." Historica Foundation of Canada
  2. Cook, John (1999-9-8). " Onvia.com able to raise $11 million." Seattle Post-Intelligencer
  3. Internet Capital Group (2000-3-1). " Internet Capital Group Announces the Initial Public Offering of Its Partner Company Onvia.com." Business Wire
  4. Business Editor (2000-8-28). " Toronto Board of Trade and Profit Magazine Name Onvia.com Hottest Startup in Canada." Business Wire
  5. Tice, Carol (2001-6-29). "Onvia pursues profitability with new business model." Puget Sound Business Journal.
  6. Business Wire (2005-7-5). "Onvia to Launch New Business Intelligence Tool for Business to Government Market." Business Wire
  7. Reuters (2008-2-11). "New Onvia Service Fills Information Gap with Early Visibility into Commercial and Residential Development ." Reuters
  8. Cameron Way (2007-10-30). "Onvia Generates Net Income in the Third Quarter of 2007." "Onvia Inc. (ONVI.O) Company Profile ." Reuters
  9. Recovery.gov (2009-3-31). "Welcome to Recovery.gov and Onvia ." Recovery.gov
  10. Web site: Deltek Completes Its Acquisition of Onvia. www.deltek.com. 2019-02-27.
  11. Web site: 2017-11-17 . Deltek closes $70M Onvia acquisition . 2023-09-20 . Washington Technology . en.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Onvia".

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