Eighteen months ago, electronic procurement sites for education seemed to be flooding the market, with new players appearing on the scene at a staggering pace.

As the internet economy softens across the board, however, most of the education-focused eProcurement sites are facing leaner times, according to venture capitalists and industry experts. That could leave schools using some of the online purchasing systems in a precarious situation.

In stark contrast to the circumstances a year and a half ago, venture capitalists and other investors today are generally reluctant to commit more

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