LOUISVILLE, Ky., April 26, 2011 /PRNewswire/ -- Today, Relativity Services announced it has reached an agreement that provides financing to pursue its aggressive start-up business plan through 2016.
Launched in July 2010, Relativity Services is positioned to substantially improve the ability for buyers and sellers to agree on fair pricing terms for a wide range of Maintenance Repair and Operations (MRO) products by using actual buy and sell price information on specific items purchased by large companies. The service already includes line item pricing on over 80,000 commonly purchased items and is expanding daily. Besides MRO Price Benchmarking, the service includes professionally developed commodity insights and tools to assist buyers and sellers in optimizing their negotiations with one another.
"The days of arm wrestling over pricing for MRO items are over for those buyers and sellers that subscribe to Relativity Services and use the information constructively," said Dennis Buckley, president of Relativity Services. "Securing this funding assures that Relativity Services will be able to fully accomplish its initial five-year business plan and revolutionize the way buyers and sellers work together with common pricing intelligence to agree on fair pricing that is appropriate for that particular relationship. No more overpaying as a buyer or being bullied into a losing price as a seller."
About Relativity Services(SM) LLC
Relativity Services(SM) is a subscription-based, pricing intelligence service that provides an item-level view of what high volume, professional buyers and sellers are achieving in the marketplace today. This purchasing data spans a large number of Maintenance Repair and Operations product categories paired with benchmarking tools and strategic sourcing strategies enabling members to achieve optimized MRO pricing. For more information about Relativity Services(SM), visit www.relativityservices.com
SOURCE Relativity Services LLC