23 May 2014
("cloudBuy" or the "Company")
cloudBuy named approved supplier for the UK Government's G-Cloud 5 framework
cloudBuy plc (AIM:CBUY), the cloud eCommerce marketplace, is pleased to announce that it has been recognised as an approved supplier for the UK Government's G-Cloud 5, in each of the four lots of the framework.
The procurement represents the fifth iteration of the Government's programme to promote public sector adoption of cloud computing. The G-Cloud is a set of frameworks for the public sector to buy cloud-based services in a flexible and open way through the CloudStore.
The four framework lots are:
-- Infrastructure as a Service (IaaS),
-- Platform as a Service (PaaS),
-- Software as a Service (SaaS) and
-- Specialist Cloud Services (SCS)
The G-Cloud 5 is similar to G-Cloud 4 in that it is an initiative designed to consolidate cloud-based IT services into a shared framework for use by public authorities. Access to this framework will enable public sector IT services to be increasingly innovative, versatile and cost effective, through the ability to rent IT services on a pay per usage basis. The framework was tendered with an estimated value of GBP200 million.
cloudBuy has benefitted from inclusion in the previous iterations of the G-Cloud, with approximately GBP600k of business being generated through the SaaS lot this year. In particular, the Company has a strong offering in the eCommerce area where there are very few competitors.
Chairman of cloudBuy, Ronald Duncan said: "Once again we are delighted to be selected within all four lots of the G-Cloud framework. This initiative has transformed central Government IT procurement, and is starting to gain traction with the NHS, Education and Local Authorities. Our cyber security session at the Conservative Councillors Association highlighted the benefits and savings to local Government from using G-Cloud."
Tel: 0118 963 7000
Ronald Duncan, Chairman
Westhouse Securities Limited
Tel: 020 7012 2000
Tom Griffiths / Richard Johnson
Tel: 020 7653 9850
Caroline Forde/Robyn McConnachie
About cloudBuy PLC
cloudBuy, formerly @UK, is the world's leading transactional Cloud Platform.
cloudBuy has used the platform to build 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