Periscope Holdings

What Periscope Holdings does

Periscope Holdings, Inc. is a U.S.-based, privately held provider of public-sector procurement software headquartered in Albany, NY, with an additional site in American Fork, UT. The company operates across two interconnected segments: serving government buyers with eProcurement software, strategic services, and the licensed NIGP Commodity/Services Code (an 11-Digit classification system with 450,000+ descriptions adopted by 33 states), and serving government suppliers through Periscope S2G (formerly BidSync), which provides access to what the company describes as the largest database of government bids in North America, with 100,000+ bid notifications per month sourced from 100,000+ monitored government agencies.

The platform architecture centers on a cloud-based e-procurement and bid-intelligence stack. Periscope S2G operates on a freemium-to-paid subscription model with State ($779/month), Regional ($911/month), and National ($1,571/month) tiers, plus a free Limited tier covering 1,000+ government organizations. Buyer-side revenue comes from NIGP Code licensing tied to annual procurement volume, multi-year contracts, additional seat pricing, and crosswalk add-ons (MCC-NIGP, NAICS-NIGP, UNSPSC-NIGP) priced at $2,065–$5,540 per year. The Periscope Marketplace introduces a transaction-based take-rate on government catalog purchases with zero up-front supplier cost.

The company is a subsidiary of mdf commerce, a strategic operating parent. In 2024, Periscope rebranded its product lines under the SOVRA brand identity to consolidate positioning around public procurement modernization. Distribution combines product-led self-serve (S2G signup, support portals) with dedicated inside-sales lines for both buyer and supplier solutions. The customer base spans 500,000+ suppliers in North America and government buyer accounts across federal, state, local, education, and territorial entities. Notable buyers include the State of Texas, State of Washington, State of Tennessee, State of Arkansas (via ARBuy), U.S. Virgin Islands, City of Houston (which reduced material master codes from 88,000 to ~20,000 using NIGP), and several additional counties and municipalities. The company was originally founded in 1990 and acquired BidSync in December 2014.

Name

Periscope Holdings

Legal name

Periscope Holdings, Inc.

Website

https://periscopeholdings.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Periscope Holdings provides government eProcurement software and the NIGP Commodity/Services Code for public-sector buyers, plus Periscope S2G (formerly BidSync), a bid-discovery platform serving 500,000+ suppliers with monthly notifications on 100,000+ government bid opportunities across North America.

Ownership category

akta.pro rank

Product category

Government Procurement Software

NAICS

Software Publishers (51321), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

E-Procurement & Spend Analytics (BPAIAEAI)

akta.pro secondary industries

Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC), Spend Analytics & Reporting Support (BPAAAJAJ)

Keywords

• Government procurement software
• EProcurement platform
• Bid notification system
• Commodity code services
• Public sector sourcing

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. S2G Premium Subscriptions: Tiered subscription model for supplier access to government bid opportunities. Plans include State ($779/month), Regional ($911/month), and National ($1,571/month) geographic coverage. Includes daily bid notifications, access to premium bid database, and S2G application access.
2. NIGP Code Licensing: License fees for NIGP Commodity/Services Code based on annual procurement volume tiers. Fees range from $10M or less to over $400M annually. 3-year agreement with 10% discount. Additional seat pricing available. Crosswalks to MCC-NIGP ($2,065/year), NAICS-NIGP ($2,065/year), UNSPSC-NIGP ($5,540/year).
3. Marketplace Transaction Fees: Marketplace charges nominal transaction fees on government agency purchases made directly from supplier catalogs within the Periscope Marketplace. $0 up-front cost to encourage supplier adoption.
4. NIGP Professional Services: Additional services including coding services, code usage reviews, inventory rationalization, crosswalk implementation, and spend analysis. Webinar training at $135 per entity per session.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Periscope Holdings provides a cloud-based government procurement and e-procurement software platform connecting public-sector buyers with suppliers across North America. Its portfolio includes Periscope S2G (formerly BidSync) for bid discovery and electronic bid response, the NIGP Commodity/Services Code for standardized procurement classification, the Periscope Marketplace for catalog-based purchasing, and Periscope ePro/eSource eProcurement software, supplemented by NIGP Consulting services.

Product overview

Periscope Holdings offers a unified platform portfolio for public sector procurement, consisting of Periscope S2G (Supplier to Government, formerly BidSync) for government bid discovery and response, the NIGP Commodity/Services Code for standardized procurement coding, the Periscope Marketplace for catalog-based procurement, and NIGP Consulting for procurement optimization services. The company rebranded under SOVRA in 2024 while maintaining these interconnected solutions that serve government buyers and suppliers across North America.

Differentiator

Problem solved

Functional benefit

Brands

• Periscope S2G: Supplier to Government platform providing visibility into government contracting, bid notifications, and a marketplace for suppliers to connect with government buyers
• NIGP Solutions
• Periscope ePro
• Periscope eSource

Products and services

• Periscope S2G (Supplier to Government) Cloud-based platform that gives suppliers visibility into government contracting opportunities, with daily bid notification emails, access to the largest database of government bids in North America (over 100,000 bid notifications per month from 100,000+ agencies), electronic bid response tools, and contract management capabilities. Used by 500,000+ suppliers across North America.
• NIGP Code Solutions Standardized commodity/services classification system for public procurement. Includes the 11-Digit Class-Item-Group-Detail Code (450,000+ descriptions), 7-Digit Code (25,000+ descriptions), and 5-Digit Class-Item Code (8,400+ descriptions). Includes crosswalks to MCC, NAICS, and UNSPSC codes. Licensed to state and local governments for supplier management, sourcing, requisition, PO/contract management, spend analysis, and inventory.
• Periscope Marketplace eCommerce-style marketplace platform where government agencies shop publicly sourced contracts and supplier open-market catalogs. Suppliers can upload catalogs, make contracts shoppable, and receive orders from public sector buyers. Charges nominal transaction fees on purchases with $0 up-front cost for suppliers.
• NIGP Consulting Professional services helping public procurement organizations optimize processes. Includes existing classification/coding review, coding services, code usage reviews, inventory rationalization, crosswalk implementation, and spend analysis. Webinar training offered at $135 per entity per session.
• Periscope ePro eProcurement software solution for government buyers, used to manage the procurement lifecycle including requisition, sourcing, and purchase order management for public sector organizations.
• Periscope eSource Source management software for government procurement, enabling buyer organizations to manage supplier sourcing activities and supplier information within public sector procurement processes.

Quantifiable outcome

• Savings up to 20% through effective spend analysis and strategic sourcing using NIGP Code
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• ARBuy (State of Arkansas)coreStrategic or Co-development Partner · 18 October 2022mdf commerce's Periscope collaborated with ARBuy to deliver more savings and efficiencies to the State of Arkansas. The partnership enables statewide supplier convenience fee payment processing and contract sales reporting through the ARBuy platform.
• SOVRAcoreOthersPeriscope Holdings has rebranded its product lines under SOVRA, which powers the critical work of public procurement. SOVRA modernizes the way government buyers and suppliers find, connect, and transact with each other. The Periscope product lines continue under the new SOVRA brand identity.
• mdf commercecoreOthersPeriscope Holdings is part of mdf commerce, which operates platforms powering the critical work of public procurement. mdf commerce provides the corporate umbrella for Periscope's government procurement solutions including S2G and NIGP Code.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Bonfire Interactive (formerly Public Purchase): Bonfire is a directly comparable eProcurement platform purpose-built for government agencies and suppliers—offering sourcing, bid management, and contract award workflows that overlap almost line-for-line with Periscope ePro/S2G.
• DemandStar: DemandStar operates a government bid notification and supplier matching service for local, state, and federal agencies—directly competing with Periscope S2G on supplier-side bid discovery and agency-side posting.
• PlanetBids: PlanetBids provides bid notification, vendor management, and eProcurement tools to public agencies across California and the western U.S., making it a direct peer to Periscope's bid aggregation and eProcurement suite.
• BidNet (BidNet Direct): BidNet aggregates government bids from thousands of agencies and offers supplier-side bid notifications and document access—a direct functional and customer overlap with the Periscope S2G platform.
• BidExpress (InfoTech): BidExpress (operated by InfoTech) provides electronic bid submission, plan distribution, and digital signatures for DOT and public-works agencies, making it a direct peer for the electronic bid response capabilities of Periscope S2G.
• Vendor Registry: Vendor Registry provides online vendor registration and notification services for government agencies, directly overlapping with Periscope's supplier onboarding and bid notification workflows for public-sector buyers.

Broad incumbents

• GovWin IQ (Deltek): GovWin IQ delivers government contracting intelligence, pipeline data, and procurement analytics—serving a broader market of contractors and analysts, but overlapping with Periscope's bid data and supplier opportunity intelligence.
• Workday (Procurement): Workday's procurement and source-to-pay modules target large public-sector and enterprise buyers, overlapping with Periscope ePro for higher education and state-level opportunities while offering a broader ERP suite.
• Coupa Software: Coupa provides a broad spend management platform including supplier management and sourcing—competing with Periscope ePro at larger public-sector and quasi-governmental accounts where buyers prefer a single-suite procurement platform.

Emerging players

• Procurated: Procurated provides vendor performance ratings and feedback for public-sector procurement—an adjacent but increasingly overlapping player that has integrated with Periscope and competes for buyer-side procurement decisioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/periscopehldgs
• LinkedInlinkedin.com/company/periscope-holdings
• Facebookfacebook.com/periscopeholdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Periscope Holdings