eFrontiers is shutting down its online eRFP and money manager database...

eFrontiers is shutting down its online eRFP and money manager database tool after less than a year because of lack of outside financial support, said Steve Cohen, president. Launched in April, eFrontiers was the first direct competitor to InvestorForce’s e-commerce portal for institutional investors. Mr. Cohen said eFrontiers is "winding down” its operation; it notified registered users of the site’s closing and has given users a few days to download any search information they have in progress. Mr. Cohen said eFrontiers received substantial support from users and the pension community and that the technology-based business plan was successful, but the company wasn’t able to attract sufficient outside capital to sustain the operation.