One of the nation's first statewide electronic procurement services for school systems suffered a major setback at the end of January, eSchool News has learned.

The BuyBoard, a secured web site designed "to centralize the purchasing activity and increase purchasing power" for schools and other government entities in Texas, is losing its corporate partner. Austin-based Ambac--the parent company of the servicing contractor that has provided the BuyBoard with its system, servers, and software--has announced plans to end its involvement with the purchasing cooperative.

Ambac's decision came after it posted an after-tax operating loss of $4.5 million for fiscal 1998, according...

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