28 November 2013

@UK plc (the "Company")

CHANGE OF COMPANY NAME TO CLOUDBUY PLC (AIM: CBUY)


cloudBuy is a world-leading solution for corporate and public-sector procurement, offering major benefits to buyers and sellers alike. A cloud-based approach means that cloudBuy is an instantly available online marketplace to support the sourcing strategy of all procurement professionals, whatever their location with no IT support overheads. Front-line staff need almost no training as they use familiar Internet-style buying to access only approved suppliers of goods and services at contract prices. Because payment is via one basket and our VISA partner network, there is no need for invoice matching, and total accountability. Our cloudBuy system can link with existing ERP systems or provide full online purchase to pay. It is easy for suppliers to set up a cloudSell website available to their corporate clients, the public sector and ordinary consumers.

http://www.cloudbuy.com/

Contract Win

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces a significant contract win with a UK major multi-billion dollar private sector care organisation to provide it with integrated ecommerce and eprocurement capabilities.

The contract will allow the organisation to automate its sales to individual consumers of care as well as NHS and Local Government purchasers via the cloudBuy care marketplace, and to simultaneously automate its purchasing from downstream providers and suppliers through the cloudBuy eProcurement platform.

This contract proves the significant supply chain multiplier effect to cloudBuy for every buyside contract win. The directors of cloudBuy estimate that a significant percentage of the potential overall revenue from the care sector of circa £100 million per annum will come from providing ecommerce sites to care providers.

Contract Win

RNS


RNS Number : 1562E

Cloudbuy PLC

07 April 2014




07 April 2014

cloudBuy plc

("cloudBuy" or the "Company")

Contract Win

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces a significant contract win with a UK major multi-billion dollar private sector care organisation to provide it with integrated ecommerce and eprocurement capabilities.


The contract will allow the organisation to automate its sales to individual consumers of care as well as NHS and Local Government purchasers via the cloudBuy care marketplace, and to simultaneously automate its purchasing from downstream providers and suppliers through the cloudBuy eProcurement platform.



This contract proves the significant supply chain multiplier effect to cloudBuy for every buyside contract win. The directors of cloudBuy estimate that a significant percentage of the potential overall revenue from the care sector of circa £100 million per annum will come from providing ecommerce sites to care providers.


Ronald Duncan, Chairman of cloudBuy plc, commented: "We are achieving a 90% success rate in signing up suppliers via our buyers. This contract win confirms our market leading position in providing ecommerce in the care sector, and joins up the care supply chain so that we can extend down from the councils and NHS to the major providers and onto their subcontractors and supply chain.



"Care is one of the largest and fastest growing service industries in the developed global economy and cloudBuy is establishing a strong and recognisable brand in the UK whilst generating interest globally. Given our success to date and the scale of expenditure in this area we are focused on maximising this opportunity and aligning it with our new transactional model. "

cloudBuy shares up as chairman looks ahead with confidence

By Giles Gwinnett

April 22 2014, 4:25pm
cloudBuy shares up as chairman looks ahead with confidence

Shares in e-procurement firm cloudBuy (LON:CBUY) advanced in afternoon trade as it said it expected contracts awarded this year to deliver significant revenues in the second half.

The bullish assessment came from Ronald Duncan, chairman of the group, at Tuesday's AGM.

"Last year we set a medium term target of £50 million turnover with 80% of our business overseas.

"We have made considerable progress towards that target and now have three separate areas that could deliver the £50 million turnover target on their own; these are Care, Health and our global business," he said.

"We have made a number of important contact wins already this year, and we expect these to deliver significant revenues in the second half of the year, in a similar pattern to last year."

Shares rose 1.35% to 37.5p.

Chart - bowl ? Big rise north to follow? A big deal is due so Watch with interest

Cheers robstuff, up 18.5% today.

Reports of the NHS commencing system to Save hundreds of millions on their annual spend in the press over the weekend - could it be via CBuy?

cloudBuy partners with Worldpay

RNS


RNS Number : 6800F

Cloudbuy PLC

29 April 2014






cloudBuy plc

("cloudBuy" or the "Company")

cloudBuy partners with Worldpay



LONDON - Tuesday 29 April 2014 - cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, and Worldpay, the UK leader in payments, have agreed a partnership which will enable cloudBuy customers a new fast-track service for merchant accounts.

The deal will allow approximately 117 local authorities across the UK, to start taking debit, credit and commercial card payments though their local marketplace website, giving their customers an easy to use payment option when shopping online.

Partners for the last 10 years, cloudBuy and Worldpay have agreed a highly competitive proposition for cloudBuy customers, many of which provide access to local health and social care services.

By taking online card payments, these local authorities are making it easier for people to access a wider range of health and social care products and services, from pre-approved suppliers.

Local authorities will also benefit from speedy settlement back into their business account, freeing up administration time previously spent collecting and chasing payments.

As cloudBuy marketplace websites are so easy to use, they are quickly being adopted by many local authorities across the UK. Care is a particularly complex area for ecommerce, and each local authority has thousands of suppliers.

cloudBuy is the only ecommerce provider to the UK care provider community.

Ronald Duncan, Chairman of cloudBuy commented, "With the Worldpay partnership, we can now provide new and existing customers, a faster, more competitive merchant account referral service, which will allow them to start taking Visa and MasterCard payments through our ecommerce websites in a matter of days."

Dave Hobday, Managing Director of Worldpay UK, commented, "We are pleased to be working with cloudBuy to help more local authorities provide simpler, easier payment services. These authorities provide a vital service to the community, so they deserve to get all the benefits of trading online - quicker payments, greater security, and swift settlement."

29 Apr Westhouse... 100.00 Buy

Director/PDMR Shareholding

RNS


RNS Number : 6896J

Cloudbuy PLC

16 June 2014






16 June 2014

cloudBuy plc

("cloudBuy" or the "Company")

Director's dealing

The Company announces that it has been notified that today, Ronald Duncan, a Director of the Company, purchased 30,000 Ordinary Shares of 1 pence each at a price of 31.925p per Ordinary Share.



Following the transaction, Ronald and Lyn Duncan and associated family's holding in the Company has increased to 21,023,624 Ordinary Shares, representing 19.13% of the Company's current issued share capital.

Today's move is down to - Statement regarding share price movement

Unfortunately, I dithered this morning and didn't buy!

Statement re share price movement

RNS


RNS Number : 6504J

Cloudbuy PLC

16 June 2014




16 June 2014

cloudBuy plc
("cloudBuy" or the "Company")

Statement regarding share price movement



The Board of cloudBuy plc (AIM:CBUY), the eCommerce marketplace, notes the recent downward trend in the Company's share price, and is not aware of any business reason for the drop in value. The Company is performing strongly and is ahead of plan in terms of prospects and leads.


There are a number of significant opportunities being pursued in Australia, New Zealand, Hong Kong, China, India, South Africa, USA and Canada along with major opportunities in the UK, specifically in Education, Defence, Health and Social Services. Whilst it is difficult to predict timings the directors expect a number of significant contract wins in the next few months.

Chairman of cloudBuy, Ronald Duncan said: "I am delighted with the progress we have made since we raised the £ 5 million in October 2013. Last week we visited a major multinational who believes that our marketplace model is the future of procurement, and I expect to see a take off in our contract wins shortly."

You ditherer lol

lol

Director Deals - Cloudbuy (CBUY)

BFN

David Holloway, Non Executive Director, bought 30,000 shares in the company on the 17th June 2014 at a price of 33.00p. The Director now holds 8,842,181 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Recovery well underway .

cloudBuy makes its point at Local Govt Association conference

By John Harrington

July 11 2014, 7:27am
cloudBuy makes its point at Local Govt Association conference

cloudBuy (LON:CBUY) trumpeted the benefits of its eCommerce platform at a conference this week as local authorities get to grips with the new Care Act.

Ronald Duncan, chairman of cloudBuy, introduced a session that included an address from Health minister, Dr Daniel Poulter.

Duncan told the assembled audience of council leaders and chief executive officers (CEOs) that cloudBuy and NHS Shared Business Services are ready to deliver personal budgets to all of the 211 clinical commissioning groups within England.

Duncan said it would build on the ground-breaking work that cloudBuy has already carried out for local government and explained that this meant that the technology industry was ready to support the new CEO of the NHS, Simon Steven, whose drive to move 5mln people onto personal budgets by 2018, was announced yesterday at the Local Government Association (LGA) conference in Bournemouth.

"The Care Act is a revolutionary piece of legislation that can bring about real personalisation in how social care is delivered. With the underlying technology in place, the UK leads the world in addressing the complex challenges of an ageing population," Duncan declared.

"As I have previously stated, Care is a £50 million per year opportunity for cloudBuy and the combination of providing a national solution with NHS SBS for NHS Personal budgets and a new national solution for self-funded care with Grass Roots and Northamptonshire on a transactional model means that we are on track to deliver our target," he added.

11 Jul Westhouse... 100.00 Buy

Trading Update and Notice of Results

RNS


RNS Number : 4440N

Cloudbuy PLC

28 July 2014




28 July 2014

cloudBuy plc

("cloudBuy" or the "Company")



Trading Update and Notice of Results


cloudBuy (AIM: cbuy.L), the cloud eCommerce marketplace, today provides an update on trading in the six months ended 30 June 2014.



Trading in the first six months has been in line to achieve market expectations for the full year, with spend analysis and eProcurement invoicing growing by 50%. A large part of the invoicing was at the end of the period and this invoiced revenue will be recognised in future periods, so that recognised revenue for this period will be similar to the first half of the prior year.



cloudBuy has made demonstrable progress in each of its three key target opportunities; these being global expansion, social care and health. The investment in global expansion has resulted, as anticipated, in an increased loss for the period, but this is offset by a strong pipeline of contract wins that the Board expects to deliver in the second half of the year.



Global Expansion



cloudBuy has analysed over $10bn US Dollars of spend in Asia Pacific in the first 6 months and this has provided good visibility of the future pipeline across the large participating organisations. A number of these are government organisations which have been through a process of validation and testing over the past six months, prior to releasing data and creating business cases for the implementation of the cloudBuy marketplace.



The Company's roll out plan was initially focused on Australia, New Zealand and Hong Kong. cloudBuy is on track with projects underway in Australia and Hong Kong, and late stage prospects in New Zealand. The team in India has expanded its focus from back office support to sales and the Company has a good pipeline of opportunities with large Indian companies and global corporates, building out from the first smaller customer. cloudBuy continues to work closely with Visa Asia Pacific and its member banks to develop this market.



In both India and Hong Kong the Company has opportunities which require the marketplace to also support local taxation, language and cross border trading in a single global solution. This is particularly important for global corporations and is not catered for in any existing solution apart from the cloudBuy solution. The Company has been working to enhance the platform to support these activities and currently the marketplace and supplier solutions are being translated into Hindi, and traditional and simplified Chinese to meet customer requirements.



cloudBuy has had requests from corporate and government bodies in the Middle East and Africa for spend analysis and marketplace solutions. Following two successful visits to the region it is clear that there are good opportunities in the Middle East with the potential for a live project in the second half. Oracle has a major footprint across public and private sector organisations in the Middle East and in response to the projects identified the Company has become an Oracle Gold Partner, in order to better service these opportunities. cloudBuy also has unsolicited live opportunities in North America, which remains a focus for the future.


Social Care


During the period the Company secured a number of contract wins in Social Care with 'thought leading' councils and has now established itself as a market leader in this rapidly growing segment, where over 80% of the available market has yet to choose a solution. In tandem, the NHS is implementing personal health budgets and cloudBuy has built on its existing relationship with NHS Shared Business Services to offer the 211 Clinical Commissioning Groups (CCGs) a solution, with a potential market value of 5 million people at £60 each per annum. cloudBuy are the only eMarketplace provider that is accredited by the NHS to hold patient data, and already integrated into NHS SBS giving the company a competitive advantage.


Health Minister Dr Daniel Poulter MP recently commended cloudBuy's work with NHS Shared Business Services at the Local Government Association Conference and the Company subsequently received strong interest from delegates at the conference into the joint national solution for local authorities with Northamptonshire County Council and The Grass Roots Group PLC. The projected revenues from this partnership are up to £1 million per annum to cloudBuy per local authority.. With over 90 authorities yet to choose a solution this represents a major opportunity for the Company.



Health

The NHS has now created its new procurement strategy and Health Minister Dr Daniel Poulter MP pointed out to delegates at the Local Government Association Conference that cloudBuy is expert in this area, has an existing contract with NHS Shared Business Service that can be used immediately and can actively help the NHS achieve its efficiency targets. cloudBuy and NHS Shared Business Service have already identified over £2 billion in annual savings for the NHS. NHS progress towards action has continued with the recent price benchmarking website launched by Dr Daniel Poulter MP on 22 July, which increases the opportunity to select cloudBuy's ready-made solution.



Ronald Duncan, Executive Chairman, commented: "We are pleased with the progress made in the first half of the year. The new team has bedded in and is driving increasing numbers of new prospects. The scale of each of our current opportunities gives me the confidence that we have three ways to achieve our 2-4 year objective of £50m revenue at 90% margin, and organisationally we are focused on the actions we need to undertake to ensure that we deliver on this objective. We have made the transition to a transactional charging model with our new prospects, which longer term will drive larger and more sustainable revenues than our traditional licence model. The economies of Asia Pacific and the Middle East are very strong and there is a clear appetite for our solutions, coupled with a limited installed base of existing solutions. It is always difficult to establish the first live project in a new business area or geography but we have achieved this with live clients in Asia Pacific to give confidence to our prospects, we anticipate faster closure across the pipeline."



Notice of Results



The Company expects to announce its interim results for the six months ended 30 June 2014 on 21 August 2014.

Fantastic, First of many ....



cloudBuy, the cloud eCommerce marketplace, has won a contract with an Australian state government to provide an eprocurement marketplace.

Phase 1 will be to implement an end to end electronic procurement marketplace for the Treasury department and all IT purchasing. An implementation fee has been agreed and ongoing cloudBuy revenues will be derived via a transactional charge, calculated as a percentage of the value of spend. Based on the current procurement card spend, it is estimated that this could generate a fee of approximately A$900,000 per annum which could in due course rise to a maximum of A$7.2m per annum.

The initial contract, which is for a minimum period of 6 months, covers the implementation and delivery of the Software as a Service cloudBuy eMarketplace solution and support of the onboarding process of 20 key Treasury and ICT suppliers for phase 1 of the state's shared service deployment. The marketplace will integrate with the State's SAP enterprise platform, enabling electronic invoicing and purchase orders.



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