Cyber India Online Ltd. (CIOL): December 12, 2005 launches e-tendering product

Electronic tendering will lead to enhanced transparency and security in public procurement, enhanced efficiency and reach.

Monday, December 12, 2005

Features: (India) Pvt. Ltd (ETI), the Indian affiliate of Mauritius-based software products and services company ElectronicTender Pvt Ltd, has announced the launch of software for electronic public procurement/e-governance.

The electronic tendering software is first product in the series of Electronic-Tendering-Engine (Foundation Model).

Government organizations can license the software for building their own captive, Internet-based tendering portals, or use the tendering-portals build by other application service providers (ASPs).

Large professionals, private corporations can also use the software for floating tenders. As suppliers (i.e. as bidders), private sector companies can also use this software while responding to government tenders which are floated on tendering portals using the ElectronicTender software.

ETI has done the software development work. The company would be managing the tendering portal for conducting pilot projects to be conducted over the next six weeks.

Through ETI, marketing in various countries would be done primarily through tying up with local partners who may also take on the role of ASPs i.e. setting up shared tendering e-portals in those countries. As the first step, the company has already licensed its software as an ASP to US based Yser. Yser would be setting up an e-tendering portal in the US primarily targeted at the government tenders there.

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