Cape Town-based ValueCard has released the source code of for its TenderSystem procurement suite under an open source license. TenderSystem is an Internet based system to source, award and manage the total procurement process. Insurance companies in Southern Africa currently use TenderSystem to decrease their largest expense, namely claims payments.

The software has been released on Sourceforge.net under a modified Mozilla Public License called the TenderSystems Public Licence.

TenderSystem has been well received by the open source community and has already exceeded 280 downloads at SourceForge.net since the launch. "We are extremely impressed with the interest shown in TenderSystem, especially when considering that it is not a consumer product. The open source marketing and distribution model will definitely place pressure on traditional software company margin's in the future." says Christiaan Erasmus, ValueCard's managing director.

Note: Published at Tectonic, Africa's source for open source news