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/

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."

Launch of B2B eMarketplace for British SMEs

RNS


RNS Number : 1786U

Cloudbuy PLC

14 October 2014






14 October 2014

cloudBuy plc

("cloudBuy" or the "Company")



Marketplace Launch





cloudBuy & Apsiz launch B2B eMarketplace for British SMEs





London, 14 October 2014 - cloudBuy plc, the world's leading transactional cloud platform, and Apsiz Services Ltd, consultants in procurement, are pleased to announce the launch of UK PLC, the first British B2B eMarketplace specifically developed for small and medium-sized businesses. The marketplace is open to all buyers at no cost, with invited suppliers paying a transaction fee of between 2% and 5%.



UK PLC connects SMEs with quality British suppliers through a B2B marketplace which allows them to benefit from the same levels of efficiency and savings as much larger companies. Apsiz is constantly benchmarking for best value and has negotiated preferential rates from its trusted suppliers. Apsiz was set up by David Sheilds, former Managing Director of the UK Government Procurement Service, and he and his team bring their specialist knowledge and experience to the joint solution.



Ronald Duncan, Chairman and CIO of cloudBuy commented, "It has been clear to us, looking at our eProcurement buyers contracted prices, that SMEs get a raw deal when they buy for their businesses despite their massive buying power. This partnership brings together cloudBuy's easy to use technology and Apzis procurement expertise, to provide a 'one stop shop' for business purchases."



"Having established our own procurement consultancy we know first-hand just how time-consuming it is as an SME to trawl through a myriad of websites to find the best value goods and services," added David Shields, CEO of Apsiz. Our suppliers have been carefully selected by procurement professionals with extensive experience of sourcing across all purchasing categories, ensuring that good quality and value are the foundation of UK PLC."



For more information on UK PLC, please visit www.ukplc.biz





ENDS

Update on the Peak Performance Tour

RNS


RNS Number : 8197U

Cloudbuy PLC

21 October 2014






cloudBuy plc

("cloudBuy" or the "Company")

Update on the Peak Performance Tour



London, 21 October 2014 - cloudBuy plc the world's leading transactional cloud platform, is pleased to provide an update as a result of the current Peak Performance tour of the Middle East and Asia Pacific Regions. The events, which were run in conjunction with UKTI positioned cloudBuy as a potential market leader in the following areas: Emirates, India, Singapore, Australia, New Zealand and Hong Kong.


The events built upon the PR gained in the regions from the deals that have already been agreed in Australia, India and Hong Kong. There is a potential $5,000 per supplier, per annum for these agreed and announced deals. During the trip Ronald Duncan and his local team members have been closing additional opportunities in Australia, Singapore and in India with Synise and other prospects. The final event of the tour was yesterday in Dubai where there was good interest in the cloudBuy solution set.


The focus has been on prospects with large numbers of transactions and suppliers. The opportunities give access to an additional 20,000 suppliers and up to $2bn of transactional revenue for which the Company have agreed transaction fees ranging from 2%- 5%.


Ronald Duncan, Chairman and CIO of cloudBuy commented, "We have had genuine interest in the different geographies and all of the delegates and prospects that I have met with are facing similar challenges. There is real appetite for technology and especially in India and the Middle East the speed of market development is tangible, with a sense of excitement that the West hasn't felt since the dot.com boom. This trip has confirmed for me the opportunity available to the Company; we have appropriate mature technology and the potential to become a major player in these emerging markets

Hong Kong contract signed

RNS


RNS Number : 9138V

Cloudbuy PLC

03 November 2014




3 November 2014

cloudBuy plc

("cloudBuy" or the "Company")

Hong Kong contract signed increasing number of suppliers to approximately 8,500

Further to its announcement of 2 October 2014, cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces that the three year contract in Hong Kong with a global Financial Institution (the "FI") to provide an FI branded eCommerce marketplace available via desktop, tablet and mobile app has now been signed. In its announcement of 2 October, the Company stated that the marketplace would be populated with the FI's existing Hong Kong merchant community comprising circa 3,000 B2B suppliers; this has now been increased to approximately 8,500 suppliers for the first phase implementation in Hong Kong prior to expansion to the rest of the Asia Pacific region


Ronald Duncan, Chairman of cloudBuy plc, commented: "The Company previously had four potential routes to reach its short term target of £50 million revenue pa; this contract in Hong Kong, plus the SYNISE deal together can deliver USD$150 - $200 million revenue per annum alone.

We have managed to step up our contract size to this new level and we have a number of similar sized opportunities in the pipeline.

CloudBuy's deal

StockMarketWire.com

CloudBuy has signed an agreement with the Confederation of Indian Industry (CII) to develop a global trading platform. The platform will support the trading activities of the 7,000-plus CII members globally and within India.

The CII members are predominately large manufacturers and this new platform will allow them to utilise cloudBuy's B2B ecommerce and provide a global platform to facilitate their trading.

The new service will be rolled out through CII's 60+ branches which will provide support and onboarding services to their members.

The service will be chargeable to members and will include website and transactional revenues.

Sujith Haridas, Deputy Director General of CII, commented:

"This is a very exciting initiative for us and our members. India is one of the world's fastest growing economies and manufacturing is a key component of this. The new platform will accelerate this growth."

Meanwhile, Ronald Duncan, Chairman of cloudBuy said:

"The Confederation of Indian Industry (CII) is one of the most respected bodies in Indian business and I'm delighted that they have chosen cloudBuy as their platform for this important initiative.

Manufacturing and its supply chain is a major part of the rapidly growing $2 trillion Indian economy and based on our agreements to date we expect India to make a significant contribution to our future revenues as we support the Make In India campaign. Following the signing of today's agreement, over the course of the next 3 years, assuming a 10% take up of our current Indian agreements would result in $20m of annual revenues to cloudBuy."

At 10:36am: (LON:CBUY) Cloudbuy share price was +3.25p at 32.75p

Maybe worth a punt @15p.

Hmmm - something the weekend press maybe?

DC - do you still follow these?

No skinny, sadly gone down hill from when I introduced the thread in Jan 14. Was you going to ask something ?



Preliminary Results
RNS
RNS Number : 7840I
Cloudbuy PLC
30 March 2015

30 March 2015

cloudBuy plc

("cloudBuy" or the "Company")

Unaudited Preliminary Results for the year ended 31 December 2014

cloudBuy plc (AIM: CBUY), the cloud e-commerce marketplace, today announces is unaudited preliminary results for the year ended 31 December 2014.

Key Points

Financial:

· Turnover decreased by 29% to £2.124m (2013: £3.004m)

· Operating expenses before share based payments increased to £5.867m (2013: £3.274m) reflecting the increase in costs associated with the launch in Asia Pacific and strengthening of the team resulting in already signed contracts worth
USD$25m per year on a low 10% take-up. $75m at 30%, $150m at 60% take-up of a potential $250m per year at 70% margin

· Cash and cash equivalents increased to £4.546m (2013: £4.157m) as at 31 December, 2014



Operational:

· Successful placing to raise £4.3 million (before costs) in October, 2014

· Exclusive agreement with Visa Worldwide Pty. Limited (Asia Pacific) extended to 5 years with a widened scope of service

· Working with 14 banks across US, Europe, India, Singapore, Hong Kong and Australia

· Spend Analysed increased by 50% from $500 billion to $750 billion with a further $ 750 billion in Tungsten for a total of $ 1.5 trillion analysed across cloudBuy and Tungsten

· Refocusing of Group's activities in fast growing Asia Pacific region

· Agreement with a financial institution in Hong Kong to develop a marketplace

· Agreement with Confederation of Indian Industry to develop a global trading marketplace

· Agreement with a trade association in Singapore to develop a marketplace (post year end)

· Procurement contract wins in India with SYNISE and in Australia with a State Government

· Launch of @UK Marketplace, the first British B2B e-marketplace for SMEs

· Launch of breeze-e and Staffordshire County Council care marketplaces

· All party support for Care and our national solution for NHS patient budgets with NHS Shared Business Services

· Post year end, entry into the strategic US market with reference site, major commercial partner and banking partner



Ronald Duncan, Executive Chairman of cloudBuy, commented:

"2014 saw significant investment in both our technology and international expansion and we expect these to deliver a step change in our 2015 results as our signed contracts go live and start generating revenues. Entering 2014 our pipeline was, to a large extent, reliant on UK public sector and large procurement opportunities in Australia, which have proved to move slowly.

We have focused on the delivery of our international expansion at the expense of short term UK and professional services revenues. In 2014, we have not recognised any of the investment in either our products or our partnerships. We expect £1m of partnership investments to be recognised in 2015 as the revenues come on stream.

The fast growing Asian market required an enhanced product in the form of "marketplace in a box" which we have now developed. We expect our customers to launch shortly in Hong Kong, Singapore and India, giving us a USD$25m per year revenue opportunity based on a low 10% take-up from the contracts signed to date.

Our agreement with Visa has been extended with both a 5 year agreement and a widened scope of service. 14 banks across the US, Europe and the Asia Pacific are now promoting our products and services, giving us a strong presence in the most active e-commerce markets."

Nothing in particular - I noticed their fall from grace and the fact that Westhouse Securities have resumed their coverage today and maintained a TP of 100p.

Found this skinny, looks like some high costs in the past.


cloudBuy invests to exploit its trump card

By John Harrington

March 30 2015, 7:45am
'Visa has also been introducing cloudBuy to banks across the different geographies and, largely driven by this, we now have 14 major banks introducing our cloudBuy products to customers (up from just 1 in 2013),' chairman Ronald Duncan said.
"Visa has also been introducing cloudBuy to banks across the different geographies and, largely driven by this, we now have 14 major banks introducing our cloudBuy products to customers (up from just 1 in 2013)," chairman Ronald Duncan said.


Last year was one of significant investment in technology and international expansion for e-commerce marketplace operator cloudBuy (LON:CBUY).

As a succession of contract wins announced recently indicates, cloudBuy has been focused on penetrating new markets at the expense of short-term growth in its traditional core markets of the UK public sector and the e-procurement market in Australia.

The results for 2014 do not reflect the results of these efforts, but chairman Ronald Duncan said the company expects £1mln of partnership investments to be recognised in the current year as revenues come on stream.

That should make a significant difference to the top line, given that revenue in 2014 was £2.12mln, down from £3.00mln in 2013.

Operating expenses before share-based payments increased to £5.87mln from £3.27mln in 2013, reflecting the increase in costs associated with the launch in Asia Pacific and the strengthening of the sales team.

The results of the sales push in Asia have been encouraging, and to date high profile marketplaces have been signed in Hong Kong, Singapore and India.

"These marketplaces are now beginning to generate their first revenues and our task in 2015 is to exploit this growth with sales and delivery teams, to generate further revenues," Duncan said.

The beefing up of the team led to an increase in administrative expenses, which rose to £5.87mln in 2014 from £3.27mln, contributing to a wider loss before tax of £4.63mln versus a loss the year before of £936,417.

The company is not proposing a dividend, but plans to adopt a progressive dividend in the future when the time is right.

Cash and cash equivalents increased to £4.55mln at the end of 2014 from £4.16mln a year earlier, following a successful placing in October to raise £4.3mln.

"The fast growing Asian market required an enhanced product in the form of 'marketplace in a box', which we have now developed. We expect our customers to launch shortly in Hong Kong, Singapore and India, giving us a USD$25mln per year revenue opportunity based on a low 10% take-up from the contracts signed to date," Duncan revealed.

The company's partnership with credit card leviathan Visa in Asia-Pacific remains a trump card for the company.

cloudBuy's solutions support the P2P (Procure to Pay) and Spend Management elements of Visa's push to accelerate e-commerce adoption in economies such as Hong Kong and Singapore.

"Our agreement with Visa has been extended with both a 5 year agreement and a widened scope of service. 14 banks across the US, Europe and the Asia Pacific are now promoting our products and services, giving us a strong presence in the most active e-commerce markets," Duncan said.
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Westhouse analysts gave a 'buy' recommendation as they said cloudBuy "sacrificed sales in 2014, as it invested in the infrastructure required to deliver on the substantial opportunities resulting from the enhanced tie-up with Visa".

Yes thanks - I read that earlier when doing some trawling - I'll watch them for now, so they should rise!

Humph! up 17.5%!

Just to rub it in, closed up 20.24%. You said they would rise skinny. :-))

Launch of Confederation of Indian Industry (CII) e-commerce marketplace

On 5 December 2014, cloudBuy announced that it had signed an agreement with the CII to develop a global trading platform. cloudBuy is pleased to announce that the CII e-commerce marketplace is scheduled to be launched at the Global Exhibition on Services in New Delhi on 24 April 2015.

CII has over 7,000 member organisations and the Company is working to roll out a channel partner strategy, which will provide the resources to reach out to the CII members to enable them to go live on the marketplace and to up-sell trading websites to them. cloudBuy will generate revenues from transaction fees for orders placed through the marketplace and from the opportunity to upsell e-commerce websites to these member organisations.

In the run up to the launch, the Company has been working with a number of smaller Indian suppliers to build their e-commerce websites. To date, the Company has orders from 5 such companies with an average value of £5,000 each over a 3 year period.

In addition, cloudBuy has secured a 3 year contract to provide a purchasing portal to a large Indian construction company. The baseline revenues from this portal are £40k each year over 3 years, plus a small % of the value of the transactions passing through the portal.