22 Capital Partners Selects FedBid, Inc. as Technology Partner for 22 CityLink Platform
FedBid’s online marketplace will deliver savings and innovation to the smart city development
CHANTILLY, Va., Nov. 28, 2016 — 22 Capital Partners, a venture builder and private equity company, announced that it has selected FedBid, Inc. as a technology partner for its 22 CityLink platform. Together, with its world-class partners, 22 Capital Partners will lead the development of an ecosystem to build smart cities through technology, education and innovation.
One of 22 CityLink’s first real estate projects is Gramercy District. Gramercy District will be the first ground-up smart city in the Washington D.C. area, located in Loudoun County. The site is 16.8 acres of prime real estate at the terminus of the Silver Line Ashburn Station metro. The focus for this smart city is to create an innovation campus with the foundation technology and education partners.
A key component of the 22 CityLink smart city approach is reducing total lifecycle costs and creating long-term value for the citizens within the smart city. “By taking proven, industry-leading supply chain and procurement practices that drive efficiency in purchasing, while also reducing costs and applying them to modern development projects like Gramercy District, it is possible to dramatically increase the return on investment of any real estate development,” said Minh Le, managing partner of 22 Capital Partners. “We are creating a replicable process for effective and efficient procurement, not only in the construction phase, but throughout the development lifetime. 22 CityLink and FedBid are poised to provide this full lifecycle cost-optimization model, maximizing return on investment.”
FedBid’s platform will be integrated with 22 CityLink’s overall procurement and supply chain management services, and will allow all qualified buyers and sellers in construction to participate in the development.
“It’s exciting to see a major investment in smart city technology in our region and we are thrilled FedBid is partnering with 22 CityLink to help them optimize the way goods and services are purchased to build Gramercy District,” said Ted Leonsis, founder and partner at Revolution Growth, which is an investor in FedBid. “FedBid revolutionized the way the federal government buys goods and services and this partnership will help set the standard for the development of future smart cities.”
“We look forward to working with 22 CityLink to deliver tangible outcomes, including efficiency, competition, cost savings and innovation, adding value to the market starting with a ground-up project at Gramercy District. By combining the power of dynamic real-time bidding with our intuitive online marketplace, we will strengthen supply chain efficiency to meet the goals and value measures needed for such a high-quality project,” said Joe Jordan, CEO at FedBid. “Our unique ability to customize and scale our technology and marketplace solution to any sized project fits well with the world class team assembled at 22 CityLink.”
FedBid joins Microsoft, Avaya, George Washington University, Center for Innovative Technology and others as 22 CityLink continues to develop its smart city technology platform and create a vision. Once completed, this platform will be known as The Future of LivingTM.
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Contact: Theresa Carper, Marketing & Communications
About 22 Capital Partners
22 Capital Partners is a venture builder company and global private equity firm investing in commercial real estate, technology, and clean and renewable energy. 22 Capital Partners is the lead investor and master developer of the Gramercy District, blending its focus in real estate and technology. Strategically located in Loudoun County, Va., the Gramercy District is a fully entitled 2.5 million square-foot, $500+ million development located at the premier transit-oriented location. The Gramercy District property abuts the Dulles Greenway (Route 267) – the major highway connecting central Loudoun County, to Fairfax County, Arlington and Washington, D.C. The mixed-use development is located within close proximity to Washington Dulles International Airport and is at the future Silver Line Ashburn Metro Station, opening in late 2019. This project is the first smart city in the region and one of the first in the country. For more information, visit www.22capitalpartners.com. Follow 22 Capital Partners on Twitter @22CapPartners.
About 22 CityLink
22 CityLink is bringing an innovative approach to building smart cities, starting from the ground-up. At the crossroads of efficiency and sustainability, our state-of-the-art platform provides an environment where people, businesses, and governments can flourish. Our holistic approach combines the power of artificial intelligence and machine learning to tailor and adapt to the needs of each citizen, while providing businesses and governments the information needed to create a world-class experience. For more information, visit www.22citylink.com. Follow 22 CityLink on Twitter @22CityLink.
About FedBid, Inc.
FedBid, Inc., is a leader in driving innovation, competition and efficiency in how government agencies, private companies and other organizations purchase the goods and services they need. Its open, online marketplace combines patented technology with hands-on sourcing and other services to enhance the purchasing power of buyers and achieve their goals for quality goods and services, along with cost and time savings, while also fostering increased access for America’s robust community of small business sellers. For more information, visit FedBid online at www.FedBid.com or call (877) 9FEDBID.
FedBid — Better Buying | Smarter Selling®
FedBid, Inc. Contact: Jonathan Swain