MFG.com
 | |
| Private | |
| Industry |
Manufacturing eSourcing, Contract Manufacturing |
| Headquarters | Marietta, Georgia, U.S. |
Area served | Worldwide |
Key people |
Bo Hagler (CEO) David Maxey (COO) Jean François Blachon (CTO) Chris Mitchell (CMO) Olivier Gavillot (COO LiveSource) |
| Products |
Manufacturing Marketplace LiveSource |
Number of employees | 50 (2015) |
| Website | MFG.com |
MFG.com is a global eSourcing platform and online manufacturing marketplace that connects buyers of contract manufacturing services with suppliers of these services. Buyers (engineers, industrial designers and sourcing & procurement professionals) can post requests for quote (RFQs) to the marketplace and then receive quotes from qualified suppliers located around the world. MFG.com is headquartered in Marietta, Georgia, USA, and maintains a European office in Paris, France.
History
MFG.com was founded by Mitch Free in 1999 with the first site transaction taking place on February 14, 2000. Free bootstrapped the entire venture and gradually acquired and retained customers growing the company to a profitable business. In 2005, MFG.com accepted an investment from Jeff Bezos of Bezos Expeditions.[1] In June 2006, MFG.com acquired Geneva based SourcingParts.com.[2] In October 2006, the MFG.com opened its second largest office in Shanghai.[3] In 2007, Samwer Brothers invested in the company, followed by Fidelity Ventures' $26M round in 2008.[4] Members of Bezos Expeditions and Fidelity Ventures currently sit on the board. In September 2012, General Wesley Clark[5] joined the board as an advisory board member. In 2013 founder Mitch Free left MFG.com to pursue other entrepreneurial interests.
MFG.com was named by Business 2.0 as one of the 15 companies that will change the world in 2006.[6]
Business Model
Sourcing professionals use MFG.com for free. Buyers, engineers and purchasing professionals upload their requests for quotation (RFQs) online and connect with suppliers that meet their qualifications. Buyers have the ability to connect with job shops and contract manufacturers based on geographic location, certifications or capabilities. Buyers can also have job shops and contract manufacturers sign electronic non-disclosure agreement (NDA) forms so that they can control how, when, where, and by whom their drawings and documents are viewed.
Job shops, machine shops, and contract manufacturers pay an annual subscription fee to use MFG.com. Manufacturers have full access to RFQs being sourced by members of the purchasing community, and can search for RFQs based on geography, category, material quantity, part size, or a combination of these factors. A profile is created for the manufacturer wherein they can be found by sourcing professionals on search engines.
References
- ↑ "SeattlePI - Bezox Invests In MFG.com". February 6, 2007. Retrieved 2009-06-01.
- ↑ "Cadalyst - MFG.com Acquires Europe's SourcingParts.com". September 6, 2006. Retrieved 2009-06-01.
- ↑ "Inc. - How to get ahead in China". February 6, 2007. Retrieved 2009-06-01.
- ↑ Weisman, Robert (February 6, 2007). "Boston.com - Fidelity makes bid for online-auction glory". The Boston Globe. Retrieved 2009-06-01.
- ↑ "MFG.com Appoints General Wesley Clark to Board". September 10, 2012.
- ↑ "Money.CNN.com - 15 Companies That Will Change The World". August 22, 2007. Retrieved 2009-06-04.