CHICAGO (June 30, 5:15 p.m. EDT) — SupplierMarket.com Inc. has signed a nonbinding letter of intent to form an alliance with Syspro Impact Software Inc.
The tentative agreement would link the SupplierMarket site to Syspro customers. Costa Mesa, Calif.-based Syspro offers enterprise-resource-planning software to manufacturers and provides supply-chain control.
SupplierMarket, a Web-based marketplace to buy and sell parts and materials, will integrate its reverse-auction bidding model with Syspro´s software, said Asif Satchu, chairman of Burlington, Mass.-based SupplierMarket.com.