Strategic response management (SRM) software provider Responsive has bought bid and proposal management platform Bidhive, headquartered in Fortitude Valley, Brisbane.
With the acquisition, Responsive said it is strengthening its global footprint and accelerating expansion into the Asia-Pacific region.
The move combines Responsive's AI-driven response management capabilities with Bidhive's expertise in streamlining bid management processes, creating a comprehensive solution for organisations managing bids, tenders, RFPs, and other strategic responses.
Portland, Oregon-based Responsive, which operates additional United States offices in Kansas City, Dallas, and Coimbatore (India), currently serves more than 2000 companies worldwide with its SRM platform.
Responsive has committed to supporting Bidhive's existing customers throughout the transition while maintaining service standards and reliability.
"Joining forces with Responsive presents an incredible opportunity for Bidhive customers and our team," founder and chief executive of Bidhive, Nyree McKenzie, said.
McKenzie said the two companies were aligned in their missions to transform bid, tender and proposal management.
"We share a vision of streamlining the response process through innovation, and together, we will deliver more powerful, intelligent solutions across the bid and proposal lifecycle across the APAC region and beyond," McKenzie added.
Financial terms of the acquisition were not disclosed.
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