Mr. Spencer has been President & Chief Executive Officer of the Company since June 1999. The Company was founded to modernize and enhance the RFP process through automation and the Internet.

Prior to forming the Company, Mr. Spencer worked in the benefits industry as a consultant for Watson Wyatt Worldwide for 5 years. In the course of his work, Mr. Spencer collaborated with Fortune 500 companies on their healthcare needs. These needs were conveyed in the RFP work that was part of the healthcare procurement process. He ultimately developed automated tools to collect and analyze RFP data from the vendor participants.

Mr. Spencer held management positions with several California hospitals. At these hospitals he was responsible for creating relationships with healthcare insurers and negotiating financial contracts.

Mr. Spencer has a bachelors degree from the University of California, San Diego and a masters degree from the University of California, Los Angeles.