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Company Profile of Onvia
Company Profile of Onvia - May 12th, 2011
Onvia, Inc. (NASDAQ: ONVI) 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.
Onvia, Inc. (Onvia), incorporated in January 2000, is a provider of gBusiness information products and research tools that help companies plan, market and sell to targeted markets throughout the United States. Onvia tracks, analyzes and reports the spending of more than 89,000 federal, state and local government agencies, giving companies a single source for conducting open and intelligent business with government. Along with providing a suite of integrated business tools for a wide variety of industries, Onvia also offers DemandStar, the automated system that streamlines agency procurement processes, and Recovery.org, a free Website that tracks Recovery Act-funded projects.
The Company’s products and services provide access to the Onvia Online Database of project specific information and provide clients specialized tools for analyzing information relevant to their businesses. It leverages technology, tools and business processes to research, classify and publish actionable public and private sector opportunities from public and private sources. Through an automated process, Onvia links related records within the database, prequalify business opportunities for clients based upon the client’s profile, and provide access to information. Its database contains information on the industry verticals, with a focus on the infrastructure verticals, which include architecture and engineering, construction and building supplies, information technology (IT) / telecommunications, professional services, operations and maintenance services, transportation, healthcare, and water and energy / alternative energy. Its business solutions comprise of Onvia Online Database, Onvia Guide and Management Reports.
Onvia Online Database
Onvia Online Database is the flagship gBusiness product and is proposed to enable businesses of all sizes to compete in the government procurement marketplace. This product provides search functionality on the database of local, state and federal government agency purchasing information. Users of the database can research project histories, agency purchasing trends, agency buyer contact information, agency relationships with existing vendors, contract awardees, and evaluate pricing for goods and services. Subscribers to Onvia Online Database also receive customized daily e-mail notifications about relevant business opportunities based upon their subscription profile. Onvia Online Database provides information necessary to qualify opportunities, improve decision making, prepare tailored bids, and manage agency relationships.
Onvia Guide subscribers receive the same customized daily e-mail notifications about relevant business opportunities that subscribers to the Onvia Online Database product receive, without the user interface to research information in the database. This product is an entry level option for the clients
Onvia was founded in 1996 by 25-year old Canadian entrepreneur Glenn Ballman 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 and went public on March 1, 2000 on the NASDAQ where it raised US $235 million. In August of 2000 the company was awarded "Hottest Startup in Canada" by the Toronto Board of Trade and Profit Magazine. 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.
In 2005, Onvia released Onvia Business Builder, a tool allowing subscribers to research historical and real-time data on individual government contract opportunities 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 . 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. Currently, Onvia's database includes over 4.5 million procurement records connected to over 275,000 companies from across 78,000 U.S. government agencies. Private sector data covers over 127,000 opportunities and contact data for more than 24,000 officials on the local and state level
In early 2009, Onvia launched , 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
Market Cap (Mil.): $33.36
Shares Outstanding (Mil.): 8.44
Annual Dividend: --
Yield (%): --
ONVI.O Industry Sector
P/E (TTM): -- 20.83 19.91
EPS (TTM): -576.66 -- --
ROI: -4.07 20.99 15.90
ROE: -4.53 22.83 17.49
Name Age Since Current Position
Skilling, D. Van 77 2010 Chairman of the Board
Riner, Henry 60 2010 President, Chief Executive Officer, Director
Way, Cameron 39 2008 Chief Financial Officer, Principal Accounting Officer
Alpert, Irvine 59 2001 Executive Vice President
Rajkumar, Naveen 33 2010 Senior Vice President, Chief Information Officer
Brown, Robert 64 2005 Lead Independent Director
Ballowe, Jeffrey 55 1999 Director
Frankel, Michael 42 2010 Director
Brill, James 59 2004 Independent Director
Feldman, Roger 49 2004 Independent Director
509 Olive Way
Seattle WA 98101
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