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/

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.

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?