Directorate change

RNS Number : 7963Q
Cloudbuy PLC
04 September 2014

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

Directorate change

cloudBuy plc (AIM: CBUY), the cloud ecommerce marketplace, is pleased to announce the appointment with immediate effect of Jonathan ("Jonny") Holden as Chief Operating Officer and a Director of the Company.

Jonny joined the Company in January 2014 as CEO for EMEA to help drive the expansion of cloudBuy and has responsibility for global partnerships, including Visa. Previously, Jonny was Vice President of Commercial Solutions at Visa Europe, where his role provided him with extensive experience of payments, government and large corporates. Within the role he was Head of Market Development for Commercial Solutions across 34 countries, and previously, Head of Public Sector across 36 countries and led Visa's participation in the UK Government Procurement Card program.  Latterly, he had headed up pre-paid for Visa AP (Australia) Pty Ltd in the Australian market and worked with cloudBuy to take the Company into the pre-paid disbursements for Government, Insurance & Corporate Incentives.  Prior to joining Visa, he had a long career with Barclaycard heading up various areas including product development, large corporate and public sectors.

Ronald Duncan, Chairman of cloudBuy commented:

"I am delighted to announce Jonny's appointment as COO of cloudBuy, a newly created role. Since joining us earlier this year, he has helped to strengthen our relationship with Visa and is heavily involved in our efforts with Visa in Europe, Asia Pacific,India, the Middle East and Africa.

Jonny will focus resources on closing and implementing our large pipeline of new business opportunities and expanding the group of major Visa banks that are promoting our services."

For further information, please contact:

Additional information

Jonathan Richard Holden, aged 51, does not and has not held any directorships in the previous five years. Mr Holden holds options over 500,000 ordinary shares of 1p each in the Company ("Shares") and has no other interest in Shares. Mr Holden has confirmed there is no further information in relation to his appointment which is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

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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