Onvia

History

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 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.

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

In November 2017, Onvia was purchased by Deltek, a division of Roper Technologies.

References

References

1. Canadian Encyclopedia (2007). "[https://web.archive.org/web/20110518180031/http://thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=M1ARTM0012143 Martin's Budget]." ''[[Historica Foundation of Canada]]''
2. Cook, John (1999-9-8). "[http://www.seattlepi.com/business/onvi08.shtml Onvia.com able to raise $11 million]." ''[[Seattle Post-Intelligencer]]''
3. Internet Capital Group (2000-3-1). "[http://findarticles.com/p/articles/mi_m0EIN/is_2000_March_1/ai_59689128 Internet Capital Group Announces the Initial Public Offering of Its Partner Company Onvia.com]." ''[[Business Wire]]''
4. Business Editor (2000-8-28). "[http://findarticles.com/p/articles/mi_m0EIN/is_2000_August_28/ai_64982337 Toronto Board of Trade and Profit Magazine Name Onvia.com Hottest Startup in Canada]." ''[[Business Wire]]''
5. Tice, Carol (2001-6-29). "[http://seattle.bizjournals.com/seattle/stories/2001/07/02/focus5.html Onvia pursues profitability with new business model]." ''[[Puget Sound Business Journal]]''.
6. Business Wire (2005-7-5). "[http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_5/ai_n14712768 Onvia to Launch New Business Intelligence Tool for Business to Government Market]." ''[[Business Wire]]''
7. Reuters (2008-2-11). "[https://www.reuters.com/article/pressRelease/idUS113967+11-Feb-2008+PRN20080211 New Onvia Service Fills Information Gap with Early Visibility into Commercial and Residential Development] {{Webarchive. link. (2012-09-12 ." ''[[Reuters]]'')
8. link. (2016-08-10 ." ''[[Reuters]]'')
9. Recovery.gov (2009-3-31). "[http://www.recovery.gov Welcome to Recovery.gov and Onvia] {{webarchive. link. (2009-02-21 ." ''[[Recovery.gov]]'')
10. "Deltek Completes Its Acquisition of Onvia".
11. (2017-11-17). "Deltek closes $70M Onvia acquisition".