Cape Town developed TenderSystem, was nominated as a SourceForge.net Community Choice Awards finalist out of 1400 active financial projects. TenderSystem is an Internet based system to source, award and manage the total procurement process and was open sourced in June 2005.

ValueCard (Pty) Ltd, developed TenderSystem in 2002 and has become the de facto insurance procurement system in Southern Africa allowing insurance companies to decrease their largest expense, namely claims payments.

Since open sourcing TenderSystem it has spread into many other industries and set its target on large industrial and government purchases. This sector understands the process and benefits achievable by sourcing through reverse auction but are hindered by the large administrative costs associated with managing a tender.TenderSystem uses the LAMP, Linux / Apache / MySQL or PostgreSQL, software stack and has been downloaded over 6000 times and already translated into 6 different languages.

Amongs the other nominees were Compiere ERP + CRM Business Solution, vTiger CRM, SugarCRM, jGnash and another South African developed project namely Turbocash Accounting.