World Procurement International, Inc. (WPI, Inc.)
WPI: an e-procurement firm; unique business model- vendor commissions- no end-user license fees. $0.5 mil. in revenue from 1st customer. .
- Stage $500K in TTM Revenue
- Industry Internet / Web Services
- Location United States
- Currency USD
- Founded May 2006
- Employees 10
- Website worldprocurement.com
Company Summary
WPI offers hybrid e-Procurement & e-Sourcing SaaS services for these verticals: Education, Hospitals, and Local/State Government. 26+ man-years & $4 MM in cash has been invested in software development. Product has been proven over 5 years at a major city school district where it has generated average annual revenue of $450K. WPI's business model is unique-- it is very low cost for end-users. 20K vendors generate processing fee revenue.
Team
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Tim ConnellyCFO
.
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Bryan BosCTO
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Glenn SummerfieldCEO
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Frank VeglianteVice President of Sales & Marketing
Advisors
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Howard & HowardLawyerUnconfirmedGorfine, Schiller & Gardyn, PA (Owings Mill, MD)AccountantUnconfirmed
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