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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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    Glenn Summerfield
    CEO

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    Tim Connelly
    CFO

    .

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    Bryan Bos
    CTO

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    Frank Vegliante
    Vice President of Sales & Marketing

Advisors

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    Howard & Howard
    Lawyer
    Unconfirmed
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    Gorfine, Schiller & Gardyn, PA (Owings Mill, MD)
    Accountant
    Unconfirmed