cloudBuy named approved supplier for the UK Government LASA framework

RNS Number : 4490P
Cloudbuy PLC
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
  • Business area: E-Marketplaces for materials or services relating to maintenance
• Lot 6 - Social Care systems
  • 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."

For further information, please contact:

About cloudBuy PLC

cloudBuy, formerly @UK, is a world-leading transactional cloud platform.

cloudBuy has used the platform to build world-leading business to business (B2B) ecommerce and e-procurement applications, which address the full range of buying and selling activities in an easy-to-use web and mobile digital experience.  The platform is also used to build complementary applications such as content management, secure email and big data analysis.

To date, the applications have processed over $500 billion of spend, and are being used by leading organisations around the world to deliver savings, increase profits and improve services.

The applications are unique in delivering correct pricing in the complex world of B2B procurement, whilst being simple enough for anyone to use - to the extent that people with disabilities can easily use a Care marketplace version to buy their own social and health care.

For more information, visit www.cloudbuy.com

This information is provided by RNS

The company news service from the London Stock Exchange

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