17 November 2005 | Helen Gilbert
A high-profile businessman and online entrepreneur has joined the purchasing profession.
Ajaz Ahmed, founder of IT company Freeserve, joined TiVA as a non-executive chairman and investor this month. He will not reveal how much he has invested, but claims the firm is "revolutionising" the way purchasers manage their supplier relationships.
TiVA provides supplier profiling which allows buyers to learn more about who their vendors are and reduce risk.
Ahmed told SM
: "I had never considered purchasing before but when I spoke to customers it became clear that supplier profiling would make a big difference.
"I believe it will have a massive impact on the procurement sector by saving businesses more money and making the purchasing process more efficient."
Andy Brown, TiVA chief executive, said Ahmed would help the firm get the widest possible distribution of its products. "His experience of establishing Freeserve will be invaluable as we expand," he said.
Freeserve, now owned by Wanadoo, was launched in 1998 and became the UK's largest internet service provider in just three months. It floated nine months later and by March 2000 was worth £9 billion.