CARY,Business-Supply.com, a wholly owned subsidiary of two-year-old LoneSource.com, is ahead of plan in its bid to gain market share in the growing e-commerce supply market, the company says.
Business-Supply, a web site and software operation focused on procurement, says it recently fulfilled its 30,000th transaction in just over 18 months of operation.
“That’s our 18-month benchmark,” says company spokesperson Mark Hartley. “In fact, that’s s little ahead of our target.”
Startup LoneSource focuses on procurement for some 400 large corporate customers. Business-Supply.com is focused on retail customers.
Privately held LoneSource was founded by Bradley King, a former executive at US Office, and David Ryan, who worked at GlaxoWellcome.