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FreeMarkets, TI ink marketplace deal

FreeMarkets, a builder of online marketplaces, signed an agreement with Texas Instruments to give the giant chipmaker access to its network of marketplaces. Texas Instruments will use FreeMarket's hosted online marketplace network to purchase goods and services for its global operations. Texas Instruments began testing the system last year. Pittsburgh-based FreeMarkets has signed a number of deals over recent weeks with large clients including Nestle and American Standard.

FreeMarkets, a builder of online marketplaces, signed an agreement with Texas Instruments to give the giant chipmaker access to its network of marketplaces. Texas Instruments will use FreeMarket's hosted online marketplace network to purchase goods and services for its global operations. Texas Instruments began testing the system last year. Pittsburgh-based FreeMarkets has signed a number of deals over recent weeks with large clients including Nestle and American Standard.