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/

Trading Update

RNS


RNS Number : 5172Y

Cloudbuy PLC

27 January 2014






27 January 2014

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

Trading update





cloudBuy (AIM: cbuy.L), the cloud eCommerce marketplace, today provides an update on trading for the year ended 31 December 2013.


The Company enjoyed strong trading in the year, delivering good growth in eCommerce marketplace and spend analysis revenue of over 50% on the preceding year. While the Company Formations division continued to see a small decline, overall revenues enjoyed strong growth resulting in a profitable cash generative UK operation in line with market expectations. Following our stated strategy the profits from the UK business were invested in additional resources, in particular in sales and marketing activities and technical support of an accelerated Visa roll-out, alongside a small part of the proceeds of the Company's placing and open offer of £5.3m. This has resulted in a slightly higher loss to that in the preceding year. As a consequence of this activity we start the year with the best pipeline that the Company has ever had, with active prospects in each of Australia, New Zealand, Hong Kong, China, India, Canada and the USA, as well as our UK opportunities.



Following the placing and open offer referred to above, the Company has significantly strengthened its executive management and delivery team with the recent arrival among others of Jonathan Holden from Visa as CEO for the Europe Middle East and Africa region, along with the global solution team of Russell Darling, Nilesh Gopali, Sharlene Jobson and Chris Hope. The Asia Pacific team has also been strengthened with Patrick Broughton as its President, Dale Stephens as CEO for the region and Jeff Corcoran joining as a Sales Executive.



This investment in people has helped the Company to make very good progress in Asia Pacific along with the transition to its new business model as previously announced. The rebranding of the business' operations as cloudBuy was completed and successfully launched and the Company is now in a strong position to convert the pipeline.



In the UK, we continue to see growth across all areas of our operation with contract wins increasing. The Company invested considerable resources in product development in 2013, particularly in the area of content management. The Company has developed a sophisticated content management system (CMS) which can be independently deployed for any customer or used in an integrated manner to customise cloudBuy eCommerce marketplaces and eCommerce websites.



This enterprise technology allows cloudBuy to quickly customise eCommerce marketplaces to meet diverse customer needs, ranging from eProcurement and care through to citizen disbursements and insurance payments. These new marketplaces have a highly intuitive consumer interface, which integrates seamlessly with the controlled back office workflow. Customer feedback is very positive and the new suite of solutions moves cloudBuy substantially ahead of its competitors.



The Company secured a number of significant contract wins in Social Care 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 from April 2014, where the 211 Clinical Commissioning Groups (CCGs) have to offer all qualifying personal budget holders a solution which allows them to choose and purchase their care. We have good engagement in this area and are the only eMarketplace provider that is accredited by the NHS to hold patient data, giving us a distinct competitive advantage.



In the area of spend analysis, the volume of spend analysed by our systems is now over $500 billion, and, as was demonstrated with the signing of the Tungsten contract announced on 4 September 2013, there are substantial revenues available in this area. It is important to emphasise that these revenues are a small fraction of the recurring revenues that the Company can generate from realising the saving with our eCommerce marketplace available under the new business model.



Ronald Duncan, Executive Chairman, commented, "We are delighted with the progress made during the past year, both financially and operationally. The partnership with Visa underlines the superiority of our proven eCommerce marketplace and spend analysis software. In addition, we are confident that the combination of extended market reach which Visa provides, and our switch to a business model where we take a percentage of the volume flowing through the system, should result in increased prospects for the Company in the year ahead as we seek to convert our best ever pipeline."



Notice of Results



The Company expects to announce final results for the year ended 31 December 2013 on 12 March 2014.

27 Jan Westhouse... 100.00 Buy

-------------------------------------------------------------------------------------------
cloudBuy expands into the '$100tln e-commerce market' with partner Visa

By Jeremy Naylor

January 27 2014, 2:39pm



http://www.proactiveinvestors.co.uk/companies/stocktube/2490/cloudbuy-expands-into-the-100tln-e-commerce-market-with-partner-visa--2490.html

If it comes down to 46 I'll pick up some more

Contract Win

RNS


RNS Number : 3999Z

Cloudbuy PLC

06 February 2014






06 February 2013

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

CONTRACT WIN

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, is delighted to announce that it has won a contract with Northamptonshire County Council in conjunction with The Grass Roots Group PLC to implement a consumer led care marketplace.

The care marketplace is planned to be live by 1 April 2014, initially focusing on Northamptonshire's managed social care provision, with plans to involve all of Northamptonshire's citizens in the selection and management of their care during the following 12 months.

The cloudBuy care marketplace is a key component of the solution, its roots in eCommerce means that it is designed to meet the needs of consumers whilst providing the control and transparency which the Northamptonshire Count Council requires. This is an exciting emerging area which is being shaped by innovative first movers, such as Northamptonshire. Local government spend on social care is in excess of £20bn and the overall market is estimated at up to £100bn.

cloudBuy and The Grass Roots Group PLC worked in partnership to create a new approach in order to bid for the contract. Both were delighted that their innovative approach was recognised and that they were selected in the face of considerable competition.

Andy Lister, Chief Operating Officer of The Grass Roots Group, commented on the partnership as follows, "To us, partnership is about making 'the whole more than the sum of its parts'. I am determined that Grass Roots will play our role to ensure that the citizens of Northamptonshire, when managing care or support for their loved ones, will experience the same levels of engagement and empowerment that they might expect from today's leading consumer-class websites."

The Grass Roots Group is a world-leading engagement business, headquarted in Tring, Herts., with over 1,000 employees and operating in fifteen markets around the world.

Northamptonshire County Council is regarded as one of the UK's most forward looking local authorities with an impressive track record of designing and implementing successful partnership programmes.



Dr Paul Blantern, Chief Executive of Northamptonshire County Council, said, "Meeting the challenge of ensuring the future delivery of integrated care services for all citizens now and in the future cannot be underestimated. The e-marketplace and integral e-payment is central to this agenda. The initiative that the consortium has helped shape, capitalises on the combined skills, knowledge, and expertise of cloudBuy, Grass Roots and Northamptonshire County Council and is genuinely ground breaking in a number of respects."



Ronald Duncan, Chairman of cloudBuy plc, commented, "We are delighted by this contract win as it underscores our leading position in this emerging market. cloudBuy care is unique in its support for care provider ecommerce, so cloudBuy has a significant first mover advantage in providing ecommerce to care providers.

At a time of ageing populations and reduced budgets, our cloudBuy care technology delivers significant improvements in care at reduced cost for both care providers and councils."

UPDATE - CloudBuy's local government contract win provides "strong reference client"

By Julie Crust

February 06 2014, 1:14pm
Local governments spend more than £20bln on social care
Local governments spend more than £20bln on social care


---ADDS BROKER COMMENT AND SHARE PRICE REACTION---

CloudBuy (LON:CBUY) said it won a contract, in conjunction with The Grass Roots Group, to provide a consumer-led care marketplace for Northamptonshire County Council.

CloudBuy, which offers services that enable businesses to analyse their annual expenditure and work out ways of doing things cheaper next time round, said the care marketplace for Northamptonshire’s Council is expected to go live by April 1.

“At a time of ageing populations and reduced budgets, our cloudBuy care technology delivers significant improvements in care at reduced cost for both care providers and councils,” said cloudBuy chairman Ronald Duncan.

No financial details were disclosed.

The care marketplace will initially focus on Northamptonshire's managed social care provision, with plans to expand the service to all of Northamptonshire's citizens in the selection and management of their care during the following 12 months.

Local governments spend more than £20bln on social care and the overall market is estimated at as much as £100bn, cloudBuy noted.

Broker Westhouse Securities said the deal gives cloudBuy “a strong reference client as it seeks to achieve a significant first-mover advantage in providing ecommerce to care providers”.

“We view this contract as further evidence that cloudBuy has a scalable, ecommerce marketplace technology platform. With its exclusive partnership with Visa we would expect to see further contract wins in due course,” the broker said.

The broker reiterated its ‘buy’ recommendation and stuck by its discounted cash flow-derived price target of 100p.

Shares in cloudBuy were trading at 47p over the lunchtime period, up 2.2%.

Nice fit with COMS ?

cloudBuy to benefit from first-mover advantage in huge social care market

By Charlotte Kan

February 07 2014, 3:14pm



Ronald Duncan, chairman of cloudBuy, the e-commerce marketplace, tells Proactiveinvestors the company will benefit from a 'first-mover' advantage in the 'massive' social care market.




http://www.proactiveinvestors.co.uk/companies/stocktube/2526/cloudbuy-to-benefit-from-first-mover-advantage-in-huge-social-care-market-2526.html

Extract From Stockopedia 6th Feb


What this company does is basically promote companies using credit cards to pay their suppliers. It then offers them a cashback, which is paid for by a partial rebate of the card interchange (the 1% fee that credit card issuers charge every time their card is Used)



Today's announcement concerns an apparent broadening of the business model into social care, although it really doesn't adequately explain the venture at all - something about creating a "consumer-led care marketplace", whatever that means? So presumably a website to match up carers and carees? There is certainly a market opportunity for that, but a good starting point would be to employ someone to write announcements who is capable of explaining things more clearly!

Q&A: Cloudbuy's 2014 focus is global roll out with Visa

By Ian Lyall

February 14 2014, 8:44am
Q&A: Cloudbuy's 2014 focus is global roll out with Visa

London listed Cloudbuy (LON:CBUY), the cloud e-commerce marketplace, has just won a contract with Northamptonshire County Council to help it find cost savings in social care. Ronald Duncan is chairman of the company.

Jeremy Naylor (JN): Ronald, social care is a new market for the company. Why was it important for Cloudbuy to be involved?

Ronald Duncan (RD): We had already been involved with Hertfordshire and Serco, so we were into the market. But what we’re doing with Northamptonshire is taking it out to the next level. It's a massive market.

JN: Could you briefly describe how your Cloudbuy Care technology works?

RD: What we’ve got is our standard marketplace stuff where you can go and buy things. But we’ve made it citizen friendly. It has got to be easy for somebody that has got mental or physical challenges, or is frail and elderly, to find care, and buy it.

People actually get better care if they can choose the care themselves. It's proven that you get a better outcome if you don’t become dependent, so that’s something that’s coming out in the Care Act.

Then, we give them an easy way of finding the care: we provide the e-commerce sites for the providers who can then service people’s care needs. It's actually a global problem - ageing populations and providing care - and the UK is leading the way in this. This is something that we can take out globally.

JN: So a huge market indeed. What does the plan involve for the company in 2014?

RD: The main focus in 2014 is our global roll out with Visa. We’ve brought in Johnny Holden as our chief executive for Europe. He’s also managing the partnership with Visa and Serco and he'll be doing some of the things with Grass Roots. Because he spent a long time with Visa, he really understands how things works. He has already been a big help to us in cementing our relationship with Visa, making sure we do everything in the best way possible with Visa. That’s a very great benefit for our core strategy, which is global roll out for Visa.

JN: In the past few weeks, both Westhouse Securities and Citi have reiterated their ‘buy’ ratings on Cloudbuy shares. Do you feel it validates your strategy, and that it's reflected in the share price, as well?

RD: It certainly validates our strategy and the analysts are very excited about what we’re doing.

It's all very well having the best technology in the world, having the best technology in the world doesn’t mean you’re going to win. Having the best technology and having the biggest player in the market backing you is a combination that’s great. That’s why we’re focused on delivering that with Visa.

JN: Ronald, thank you very much.

Contract Win

RNS


RNS Number : 4855A

Cloudbuy PLC

20 February 2014






20 February 2014

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

CONTRACT WIN

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, is delighted to announce that it has won a contract with a major central Government Agency ("the Agency") to provide an Intranet system using cloudBuy's content management technology.

The agreed revenue is £406k with approximately £200k of immediate potential follow-on revenue giving potential total revenue in year one of £600k, followed by recurring revenues.

The cloudBuy content management system provides a sophisticated Intranet capability, which will significantly enhance the Agency's ability to manage internal processes and communications.

Ronald Duncan, Chairman of cloudBuy plc, commented: "We are delighted by this contract win as it underscores our leading position in content management technology. We believe that world class content management is a critical piece of the jigsaw when making internal and external changes.

"We have been continually improving our content management system for 14 years, and believe that this gives us a significant advantage over our competition in all our markets

20 Feb Westhouse... 100.00 Buy

Contract Win

http://www.moneyam.com/action/news/showArticle?id=4766101

Contract Win in India

RNS


RNS Number : 9582B

Cloudbuy PLC

11 March 2014


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

Contract Win in India



cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces that it has been awarded its first eProcurement contract in Mumbai, India, by Sarth Surfacrete, to implement a cloudBuy private purchasing portal. The portal will feature integrated electronic payment as a standard feature. As part of the implementation, Sarth Surfacrete's suppliers, some of which are large corporates, will be provided with a dedicated B2B eCommerce environment to facilitate trading and electronic payment.



This contract win builds upon cloudBuy's investments in India. cloudBuy has been building capability in the market, covering India's complex range of in-country taxes into the cloudBuy eCommerce engine. The ability to support suppliers trading across India is central to a successful roll out of eCommerce and eProcurement.



Ronald Duncan, Executive Chairman of cloudBuy, said "India's eCommerce market grew at 88% in 2013 rising to $16bn, and it is clear that there is a readiness and excitement around B2B eCommerce within India's thriving business sector. We are delighted by this contract win which highlights the desire of forward looking Indian companies to grow into eBusiness. "



Prashant Palande, Managing Director of Sarth Surfacrete, said "We use leading technology in our construction and corporate interior projects, similarly we were looking out for a latest solution to ease our procurement issues for the next five years. Having the solution in the cloud reduces our implementation and maintenance costs, which is an added advantage along with bringing our suppliers and their payment 'Online', which swayed our decision in cloudBuy's favour."

--------------------------------------------------------------------------------------------

Cloudbuy wins eProcurement contract in India

By Giles Gwinnett

March 11 2014, 7:15am
'We are delighted by this contract win which highlights the desire of forward looking Indian companies to grow into eBusiness. '


Cloudbuy (LON:CBUY) has won its first eProcurement contract in India, it told investors.

The deal is to implement the eCommerce firm's private purchasing portal for construction group Sarth Surfacrete.

This will see some of Sarth's suppliers, which are large corporate firms, be provided with B2B eCommerce for trading and payments.

Sarth's managing director Prashant Paland said: "We use leading technology in our construction and corporate interior projects, similarly we were looking out for a latest solution to ease our procurement issues for the next five years.

"Having the solution in the cloud reduces our implementation and maintenance costs, which is an added advantage along with bringing our suppliers and their payment 'Online', which swayed our decision in Cloudbuy's favour."

Cloudbuy said the contract built on its investments in India.

Executive chiarman Ronald Duncan said: "India's eCommerce market grew at 88% in 2013 rising to $16bn, and it is clear that there is a readiness and excitement around B2B eCommerce within India's thriving business sector.

"We are delighted by this contract win which highlights the desire of forward looking Indian companies to grow into eBusiness. "

Wowser, didn't see that coming, India already

11 Mar Westhouse... 100.00 Buy

Final Results

RNS


RNS Number : 0667C

Cloudbuy PLC

12 March 2014



("cloudBuy" or the "Company")



Audited Final Results for the 12 months ended 31 December 2013



cloudBuy plc (AIM:CBUY), the cloud eCommerce marketplace, today announces its audited final results for the 12 months ended 31 December 2013.



Key Points

Financial:

· Turnover increased by 35% to £3.004m (2012: £2.219m)

· Sales of web and eCommerce services increased by 73% to £2.044m (2012: £1.180m).

· Company formations declined by 12% to £773k (2012: £880k)

· Revenue from coding increased by 18% to £187k (2012: £158k)

· Gross profit increased by 46% to £2.561m (2012: £1.750m)

· Gross margin increased to 85% (2012: 79%)

· Operating expenses before share based payments increased to £3.275m (2012: £2.528m) reflecting the increase in costs associated with activities in Asia Pacific.

· Loss before tax increased by 10% to £936k (2012: £850k)

· Cash and cash equivalents of £4.157m (2012: overdraft £61k)



Operational:

· 3 year exclusive agreement signed with Visa Worldwide Pte. Limited (Asia Pacific)

· Global launch as cloudBuy

· Senior appointments to strengthen management and operational teams

· First Australian contract win

· Increased contract momentum in the UK, including wins with Invest Northern Ireland and Tungsten Corporation plc



Ronald Duncan, Executive Chairman of cloudBuy, commented:

"2013 was a remarkable year for cloudBuy, laying the foundations for future, profitable growth. We successfully launched in Asia Pacific with our partner Visa, completed an equity fundraising to provide us with the firepower to capitalise on our strong market position, to increase our investment in our people and technology and to ensure that we have the infrastructure to capitalise on the significant opportunity available to us.

"We are delighted with our progress both internationally and in the UK. We have made a considerable investment in both our technology and international expansion that resulted in a loss for the year. The Board considered that this was justified on the expectation that the investment would result in significantly improved future results."

Stockgumshoe are covering this today.

Could this fall to 28p the chart is very weak and no buyers.

Don't think so, a big deal about to be announced

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.