RNS Number : 2782Q
05 November 2012
Embargoed for 7:00am release
("@UK" or the "Company")
@UK Awarded Framework Agreement for Cloud Services via the G-Cloud
Making strong progress in Social Care Marketplaces
@UK PLC (AIM:ATUK.L), the cloud ecommerce marketplace, is pleased to announce that it has been awarded a framework agreement for cloud services via the G-cloud framework. The Company's @UK Care Marketplace is the only marketplace currently available on any framework and the Company has again been placed in all 4 lots of the G-cloud framework with an expanded range of services. @UK is again the only provider of ecommerce on the framework.
In this, its first year providing a Social Care marketplace, the Board expects that the Company's revenues from the first two pilot customers will be approximately £500k in the current year, with £310k paid and £190k remaining to be delivered and billed this year. The Board believes this augurs well for the Company's prospects in the following year, ending 31 December 2013, and future years, from this strand of business alone.
The @UK Care marketplace is in a live pilot at Hertfordshire County Council and a care directory version is being implemented for Peterborough City Council. 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 £20k to a fully integrated marketplace at £500k,giving a potential market size of approximately £80m.
Ronald Duncan, Executive Chairman of @UK said:
"As the first to market with a fully integrated system that has the security to both store patient records and make card payments we have a significant advantage. Our system is also the only system that is available under a national framework through G-Cloud and we believe that we should achieve a significant percentage of this new market.
"This is an area where the UK leads the world and we have already received overseas interest in this new area with the care of aging populations being a global issue.
"G-Cloud ii confirms that we are still the only ecommerce solution available under framework and we expect more take up as our Government to Citizen G2C reference sites gain popularity."
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
This information is provided by RNS
The company news service from the London Stock Exchange