LSE Regulatory News MORE NEWS

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Dec 21, 2016
cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, is pleased to provide an update on trading for the year ending 31 December 2016.
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cloudBuy, the global provider of cloud-based eCommerce marketplaces and B2B buyer and supplier solutions, announces that pursuant to the Financing announced on 24 March 2016
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The first interest payment to be made to Roberto Sella has fallen due, and in accordance with the terms of the interest bearing loan note instrument dated 8 April 2016, has issued 13,877 convertible and 24,373 non-convertible loan notes of £1 each to Robert Sella.
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cloudBuy signs contract to power new FSB online marketplace
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Implications of the new Care Act for Local Government and the NHS

Jul 11, 2014

RNS Number : 0415M
Cloudbuy PLC
11 July 2014


cloudBuy plc
("cloudBuy" or the "Company")

Implications of the new Care Act for Local Government and the NHS

cloudBuy Chairman and Dr. Daniel Poulter MP address Council Leaders at LGA Conference, 8-10 July 2014, Bournemouth

London, 11 July, 2014 - Health Minister, Dr Daniel Poulter MP, yesterday addressed an audience of Council Leaders and CEOs about the new Care Act and its implications for Local Government and the NHS. He explained the background to the £3.8 billion better care fund to support joint working and delivery of the acts requirements.

Ronald Duncan, Chairman of cloudBuy, (AIM: CBUY), the cloud eCommerce marketplace,  introduced the session by announcing that cloudBuy and NHS Shared Business Services are ready to deliver personal budgets to all of the 211 clinical commissioning groups within England, building 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 5 million people onto personal budgets by 2018, was announced yesterday at the LGA*.

Cllr Colette Wyatt-Lowe, Hertfordshire County Council cabinet member for Care and chair of the Health and Wellbeing board, explained how Hertfordshire as one of the lead authorities had already agreed to work up its pooled funding with its local clinical commissioning groups to £500m per annum, along with the pioneering work that Hertfordshire carried out in bringing care to the self-funders within the county.

Cllr Robin Brown, Northamptonshire County Council (NCC) cabinet member for Care and chair of the Health and Wellbeing board, informed the audience about an innovative new solution for self-funders that makes the implementation of the Care Act self-funding whilst delivering the new legal requirements for self-funders. He also outlined how NCC is working with cloudBuy and Grass Roots to deliver an easy to use system for self-funders that aims to be rolled out nationally.

Ronald Duncan, Chairman and CIO, cloudBuy commented, "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."

"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."

* source of 5m figure Guardian 8th July 2014

ENDS

For further information, please contact:

cloudBuy plc
Ronald Duncan, Chairman
Tel: 0118 963 7000

Westhouse Securities Limited
Tom Griffiths/Richard Johnson
Tel: 020 7601 6100

Newgate Threadneedle
Caroline Forde/ Robyn McConnachie/ Alex White
Tel 020 7653 9850


About cloudBuy PLC

cloudBuy, formerly @UK, is the world's leading transactional Cloud Platform.

cloudBuy has used the platform to build the world leading B2B ecommerce and eprocurement applications which address the full range of buying and selling activities, in an easy to use web and mobile experience.  Along with other cloud based applications including Content Management, email and big data analysis.

The applications have already managed over $500 billion of spend and are being used by leading organisations around the world to deliver savings and improved services.

The applications are unique in delivering correct pricing in the complex world of B2B whilst being easy enough to use that the people with difficulties can use the system 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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