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/

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.



Story provided by StockMarketWire.com

4 Aug Westhouse... 100.00 Buy

SMALL CAP MOVERS: Cloudbuy finds silver lining down under while mining companies in the doghouse after a tough week



http://www.dailymail.co.uk/money/markets/article-2725971/SMALL-CAP.html

cloudBuy enlarges footprint in Middle East

By John Harrington

August 18 2014, 7:37am
cloudBuy enlarges footprint in Middle East

Cloud e-commerce marketplace operator cloudBuy (LON:CBUY) has signed a deal aimed at expanding its presence in the Middle East.

It has signed a partnership deal with DUC Consulting International, an information technology consultancy practice that has a strong network of contacts across the Middle East and North Africa.

"With the DUC Consulting International partnership, we can quickly expand cloudBuy operations throughout the Middle East meeting prospects from large corporate, governments and industry organisations, which will follow up our activities with UKTI and Visa," said Ronald Duncan, chairman of cloudBuy.

Dr Usman Zafar, chief executive officer of DUC Consulting, said the deal represented an important addition to the portfolio of products DUC represents.

Approved supplier for the LASA framework

RNS


RNS Number : 4490P

Cloudbuy PLC

19 August 2014






19 August 2014



cloudBuy plc

("cloudBuy" or the "Company")



cloudBuy named approved supplier for the UK Government LASA framework



cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, has been appointed to the Local Authority Software Applications (LASA) framework. The four-year framework will replace the current Local Government Software Application Solutions (LGSAS) framework, which came to an end in July 2014.



The market for software as a service for local government is currently worth around £500 million per year and the bulk of these services are expected to be provided through the LASA framework.



The framework will be complementary to the G-Cloud framework. Whereas G-Cloud services are commodity-based with contract lengths up to a maximum of two years, LASA contracts will be business-critical and have contract lengths of more than three years.



cloudBuy has been approved as a provider for 3 lots:



· Lot 2 - Payment Processing & Cash Receipting systems

· Lot 5 - Housing and Property systems

o Business area: E-Marketplaces for materials or services relating to maintenance

· Lot 6 - Social Care systems

o Business area: Social Care e-Marketplaces



Ronald Duncan, Chairman of cloudBuy commented: "We are pleased to have been awarded a place on this framework. Increasingly, public sector is turning to software as a service and LASA replaces a well used framework. This award also recognises our payment processing capability, which allied to our ecommerce and emarketplace solutions, gives us a competitive advantage

Half Yearly Report

Key Points

Financial
· Spend Analysis and Procurement billings up by 143% to £1,256,740 (2013: £516,517)

· Overall billings up by 50% to £1,767,076 (2013: £1,178,594)

· Margin increased to 87% (2013: 83%)

· Ecommerce revenue up by 25% to £1,072,000 (2013: £860,000)

· Revenue increased by 7% to £1,467,000 (2013: £1,375,000)

· Gross profit up 11% to £1,272,032 (2013: £1,145,000)

· Operating costs increased by 97% to £2,681,000 (2013: £1,362,000)

· Loss increased to £1,621,000 (2013: £301,000)

· Trade and other receivables increased to £1,918,000 (2013: £425,000)

· Cash at 30 June increased to £2,300,000 (2013: overdraft of £91,000)

Net Assets increased to £3,452,000 (2013: net liabilities of £96,000)



Operational

· Strong international progress supported by enlarged global team

o First Indian contract win in the world's fastest growing ecommerce market

o Post-period end, Australian contract win initially worth AUD$900k per annum which could rise in due course to maximum of AUD$7.2m per annum

o First Framework agreement in Australia - Queensland local government accelerating sales

o Large pipeline of major opportunities

· Achieved Oracle Gold Partner status, accelerating our opportunities with those organisations using Oracle (and providing an Oracle-cloudBuy equivalent to SAP-Ariba)

· UK progress

o Recognised as a supplier for the UK Government's G-Cloud 5 Framework

o Recognised as a supplier for the UK Government's Local Authority Framework

· Care Act progress

o Publicly commended by Health Minister Dr Daniel Poulter MP

o Awarded a Care Marketplace contract by Staffordshire Country Council

o Contract win with Northamptonshire County Council in conjunction with Grass Roots Group PLC using our new percentage-of-spend revenue model.

Good article on the graph and 80p target on YouTube, search CBuy. It's the first entitled Directors Talk

Extension to contract with Visa

RNS


RNS Number : 5712R

Cloudbuy PLC

15 September 2014






15 September 2014



cloudBuy plc

("cloudBuy" or the "Company")



Extension to contract with Visa Worldwide Pte. Limited



cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, is pleased to announce an extension to its contract with Visa Asia Pacific. The term of this new agreement is for 5 years and extends the scope of services that can be procured to cover the electronic marketplace, pre sales support, project management and SpendInsight services in the Asia Pacific region.

Ronald Duncan, Chairman of cloudBuy commented: "Following our Australian contract win and progress in Asia Pacific, we are delighted to have signed an extension to our contract with Visa which widens the scope of work that we can undertake and extends the agreement for a further 5 years. We believe this has the potential to transform our business over the next 5 years."

India Contract Win

RNS


RNS Number : 9591S

Cloudbuy PLC

30 September 2014




30 September 2014

cloudBuy plc

("cloudBuy" or the "Company")



India Contract Win



cloudBuy plc (AIM: CBUY), the cloud ecommerce marketplace, is pleased to announce that it has agreed an MOU with SYNISE to provide both a B2B marketplace and a Source India project in support of the India Government's "Make in India" Campaign.



SYNISE is a leading procurement service provider in India, part of the $ 2.5 billion turnover Kalyani group, which provides outsourced procurement services to 80 large Indian corporates and their 15,000 suppliers. cloudBuy is providing the technology under the agreement and SYNISE the procurement services. It is expected that the cloudBuy revenues generated under the MOU will be a small percentage of the value flowing through the markertplace. SYNISE anticipates that its customers could transact up to US $2 billion per year.



Ashok Dani, CEO of SYNISE commented: "The Gulf states are India's largest trading partner and we have the largest group of vetted high quality Indian suppliers. We believe there is immense potential in providing these suppliers with B2B ecommerce so that they can easily export to the world, at the same time as making their Indian business more efficient."



Ronald Duncan, Chairman of cloudBuy commented: "Having come directly from meetings in the United Arab Emirates where we have opportunities that are a perfect synergy with the "Make in India" campaign, it was great to immediately finalise a deal that will support Indian exports to the Middle East."