SmartProcure
SmartProcure (GovSpend) aggregates government purchase order data from thousands of federal, state, local, and K-12 agencies into a searchable subscription database that helps public-sector buyers verify pricing and helps vendors analyze public-sector spending opportunities.
- Company typePrivate
- Founded2011
- HeadquartersBoca Raton, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What SmartProcure does
SmartProcure, operating under the GovSpend brand, is a procurement intelligence company that aggregates government purchase order data from thousands of federal, state, local, and K-12 agencies into a single searchable database. The platform indexes millions of purchase orders and line items, maintained by a dedicated team of data stewards and engineers who process and organize the data daily, enabling government buyers to verify pricing competitiveness and identify alternative vendors. The company's value proposition is anchored on price benchmarking: documented customer outcomes include a 40% saving (over $60,000) on a major City of North Miami Beach procurement, with testimonials from procurement officers at Rockland County and enterprise vendors such as Blue Star, Inc. reinforcing the use case for both the buy and sell sides of public procurement.
The underlying technology is a centralized procurement intelligence database with a dedicated agency outreach and data collection team rather than a software platform with discrete modules; the product is delivered as an integrated, easy-to-search dataset. The company monetizes through a B2B/government subscription model with quote-based pricing, serving both contributing agencies and external vendors/contractors who purchase market intelligence and competitive analysis. The firm was founded in 2011, is headquartered in Boca Raton, Florida, employs 51-100 people, and is led by CEO Jeff Rubenstein alongside a C-suite including CRO Jack Siney, CFO Jim Fenoglio, and CTO Samuel Greene. Approximately $1.8M in equity funding was raised across 2012-2014, with strategic participation from Blue Haven Initiative and Govtech Fund; no funding activity has been disclosed since 2014.
SmartProcure firmographics
Firmographics- Name
- SmartProcure
- Legal name
- GovSpend
- Website
- https://SmartProcure.us
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- SmartProcure (GovSpend) aggregates government purchase order data from thousands of federal, state, local, and K-12 agencies into a searchable subscription database that helps public-sector buyers verify pricing and helps vendors analyze public-sector spending opportunities.
- Ownership category
- akta.pro rank
SmartProcure industry classification
Industry- Product category
- Government Procurement Intelligence
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Software Publishers (5132)
- SIC
- Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- IT Asset Disposition (ITAD) & Secure Data Erasure (BPAEAOAK)
Keywords
Where SmartProcure is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SmartProcure business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Procurement Intelligence Platform Access: B2B subscription-based access to government procurement data database for agencies and vendors seeking price benchmarking and competitive intelligence.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
SmartProcure product offering
Product offeringCore offering
SmartProcure operates a government procurement intelligence database that aggregates purchase orders and line items from thousands of U.S. government agencies. The platform enables agencies and vendors to verify pricing, benchmark competitive contract terms, and identify suppliers for smarter purchasing decisions. It is delivered as a single searchable database with millions of purchase orders and line items indexed daily by in-house data stewards.
Product overview
SmartProcure operates as a unified government procurement intelligence platform, branded as GovSpend. The core offering is a database of government purchase orders that aggregates purchasing data from thousands of agencies throughout the nation. The platform indexes and organizes millions of purchase orders and line items, providing searchable procurement intelligence for government agencies and vendors to verify pricing, find competitive suppliers, and optimize purchasing strategies. The product is delivered as a single integrated database platform with no separate modules or add-on products mentioned.
Differentiator
Problem solved
Functional benefit
Products and services
- SmartProcure / GovSpend Procurement Intelligence Database A subscription-based government procurement intelligence database that aggregates purchase orders and line items from thousands of federal, state, local, and K-12 agencies nationwide. It is used by government procurement officials to verify pricing and benchmark contract terms, and by vendors and contractors seeking market intelligence on government spending.
Quantifiable outcome
- 40% savings (over $60,000) on major procurement through competitive price benchmarking
Companies that use SmartProcure
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
SmartProcure technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
SmartProcure partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights5 records
SmartProcure competitors and assessment
Company assessmentDirect peers
- Deltek (GovWin): Deltek's GovWin product is the most direct competitor, aggregating government contract opportunities and procurement intelligence for vendors and agencies. Both companies compete for the same federal, state, and local procurement intelligence budget, with GovWin offering deeper ERP-level integration and SmartProcure offering broader PO-level spend history.
- Onvia (ConstructConnect): Onvia, owned by ConstructConnect, is a government procurement intelligence platform aggregating bids, awards, and historical purchasing data from public agencies. It serves the same agency and vendor customers as SmartProcure with comparable subscription-based market intelligence, and is among the closest substitutes in the bid/spend intelligence market.
- BidPrime: BidPrime is a government bid aggregation and procurement intelligence service targeting vendors seeking RFP, RFQ, and pre-solicitation notices across federal, state, and local agencies. It overlaps with SmartProcure's vendor-side offering and competes for the same contractor subscription dollars.
- SpendEdge: SpendEdge provides procurement market intelligence, supplier risk analytics, and category research to enterprise buyers and public-sector procurement teams. It overlaps with SmartProcure's vendor-side competitive intelligence and price-benchmarking workflows across government-adjacent enterprise buyers.
Emerging players
- Procurated: Procurated is a smaller, emerging government procurement intelligence and supplier research platform focused on K-12 and public-sector spend transparency. It directly overlaps with SmartProcure's K-12 and local-government segments and represents a more niche, community-focused alternative.
- TigerConnect (Suki / Procurify): Procurify is a broader spend management and procurement platform for mid-market and public-sector-adjacent organizations. It overlaps with SmartProcure's vendor-side and price-benchmarking use cases from a workflow-software angle rather than a data-aggregation angle, making it an adjacent emerging player.
- govOS: govOS provides government transparency and procurement notification tools (bid notifications, business licensing) for local agencies and businesses. It overlaps with SmartProcure on the public-procurement-intelligence value proposition for both agencies and vendors, though as a lighter-weight engagement layer.
Broad incumbents
- ConstructConnect: ConstructConnect is a broader incumbent in construction bid intelligence that acquired Onvia to extend into non-construction government procurement. It is a wider portfolio play with overlapping intelligence but a construction-centric focus, positioning it as a larger incumbent competing for procurement intelligence wallets.
- Euna Solutions: Euna Solutions (formerly Questica) provides budgeting, procurement, and grants management software to public-sector agencies. While broader than SmartProcure, Euna overlaps in procurement workflow intelligence and competes for the same government CFO/procurement-officer software budgets.
- PowerAdvocate (Wood Mackenzie): PowerAdvocate, now part of Wood Mackenzie, is a procurement intelligence and supplier analytics platform serving large industrial and public-sector buyers. It competes with SmartProcure for the same procurement research and benchmarking dollars at larger enterprise scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
SmartProcure social profiles
Digital presenceSmartProcure financial estimates
Financial estimateRevenue estimate
Valuation estimate
SmartProcure leadership team
Management profileNumber of profiles
Profiles4 records
SmartProcure funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SmartProcure M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SmartProcure
What does SmartProcure do?
SmartProcure operates a government procurement intelligence database that aggregates purchase orders and line items from thousands of U.S. government agencies. The platform enables agencies and vendors to verify pricing, benchmark competitive contract terms, and identify suppliers for smarter purchasing decisions. It is delivered as a single searchable database with millions of purchase orders and line items indexed daily by in-house data stewards.
Is SmartProcure a public or private company?
SmartProcure is a private company. It is classified as venture growth investor backed and is currently operating.
When was SmartProcure founded?
SmartProcure was founded in 2011. It employs 51 to 100 people.
Where is SmartProcure based?
SmartProcure is headquartered in Boca Raton, United States, in the North America region.
How does SmartProcure make money?
One revenue line is on record: procurement Intelligence Platform Access.
Who are SmartProcure's main competitors?
Direct peers on record are Deltek (GovWin), Onvia (ConstructConnect), BidPrime and SpendEdge. Emerging players are Procurated, TigerConnect (Suki / Procurify) and govOS. Broad incumbents are ConstructConnect, Euna Solutions and PowerAdvocate (Wood Mackenzie).
Does SmartProcure have an API?
No public API is recorded for SmartProcure.
What industry is SmartProcure in?
SmartProcure's product category is Government Procurement Intelligence. Its primary akta.pro industry code is BPAEAOAK, IT Asset Disposition (ITAD) & Secure Data Erasure. Its NAICS code is 518 and its SIC code is 7374.