RNS Number : 6291T
17 December 2012
Embargoed for 7:00am release
17 December 2012
("@UK" or the "Company")
@UK wins place in all four lots of the National Framework for Social Care eMarketplaces
@UK PLC (AIM:ATUK.L), the cloud ecommerce marketplace, is pleased to announce that it has been awarded a framework agreement in all four lots of the National Framework for Social Care eMarketplaces, from which local authorities will be able to select suppliers for their Social Care marketplaces.
The aim of the National Framework for Social Care eMarketplace is to provide the infrastructure to deliver the Government's personalisation agenda, through an online marketplace which simplifies the complexities of social care purchasing so that individuals can purchase their own care. The @UK system is the only system that is fully integrated into the credit card network and able to store credit card details within the marketplace. This means that it fully meets with the Government's personalisation requirement as individuals using the @UK system will be able to carry out the whole process of social care purchasing, from review and selection of services through to payment. This is important because the target of 100% individual budgets has been reduced by the Government to 70% by April 2013, and the @UK Care Marketplace is believed to be the only system currently available that fully meets the requirements.
As previously announced, @UK currently has two pilot social care emarketplaces running at Hertfordshire County Council and Peterborough City Council, and believes its position in all four lots of the National Framework should help secure additional projects with further councils.
Serco has used the @UK marketplace to deliver its guarantee of 25% savings in social care for Hertfordshire County Council.
@UK believes the size of this market opportunity is significant. The Board believes that there are 160 local authorities that need to implement a care marketplace as part of the move to individual budgets by April 2013. The potential earnings range from a care directory at £20,000 to a fully integrated marketplace at £500,000, giving a potential market size of approximately £80 million.
Ronald Duncan, Executive Chairman of @UKsaid:
"We are delighted that our fully integrated marketplace has once again been named in all four lots of a national framework, this time for the provision of social care marketplaces. As the first to market with a fully integrated system that has the security to both store patient records and make card payments, our solutions have a significant competitive advantage and therefore we are confident in wining further work in the coming months."
Ronald Duncan, Chairman
Tel: 0118 963 7000
Westhouse Securities Limited
Tom Griffiths/ Richard Johnson
Tel: 020 7601 6100
Caroline Evans-Jones/ Alex White
Tel: 020 7653 9850
@UK is Europe's leading Cloud Platform with over 1 million users, which is used for Universities' and Colleges' procurement along with Local Authority, Schools and other Government and Private sector procurement.
The GeM marketplace for Universities on Colleges is the only card based national marketplace in the world and was successfully delivered for the 800 Universities and Colleges and the 680 National Suppliers, proving that Cloud Ecommerce delivers large complex projects for Government on time and budget.
Richard Benyon MP Minster for the Natural Environment, launched the @UK Green Ecommerce Marketplace back in October 2010, and it is now the largest repository of product carbon footprints in the World.
@UK was used by the National Audit Office to identify over £500 million in savings for 25% of NHS spend. The ground breaking SpendInsight system used to identify the savings resulted in the award of 2 PhD's in artificial intelligence.
@UK delivers key government commitments of Savings Sustainability, and SME Inclusion along with support for start-ups. @UK PLC has now created over 200,000 start up businesses and recently launched a new Cloud-Start-Up.com service to provide a complete suite of cloud business software to start-ups along with the essentials of Limited Company, Bank Account, Domain Name, Email, Ecommerce, Accounting system and membership of the @UK business club.
This has been followed by the announcement of the 2012StartUp.com campaign, which is supported by the AIM market of the London Stock Exchange, the Forum of Private Business, and Software Industry Association BASDA. The campaign aims for a 27% growth of 100,000 start up companies and growth for existing businesses. It is a practical campaign that will result in companies being formed and growing through @UK's technology.
@UK has 6 key competitive advantages
These services are all immediately available to public sector bodies via the G-Cloud framework where @UK is a provider of services in all 4 lots (IaaS, PaaS, SaaS and other services).
@UK is included in the Software and Computer Services Sector (9530).
For further information please visit the @UK PLC websites
Investor Site http://www.uk-plc.net/invest
Main Site http://www.uk-plc.net
SpendInsight Site http://www.spendinsight.com
GreenInsight Site http://www.green-insight.com
Hybrid Carbon Footprint Site http://www.hybridcarbonfootprint.com
This information is provided by RNS
The company news service from the London Stock Exchange