@UK PLC Update on @Australia

Nov 23, 2012



23 November 2012

Embargoed for 7:00am release   23 November 2012


("@UK" or the "Company")

Update on @Australia

@UK PLC (AIM:ATUK.L), the cloud ecommerce marketplace, is pleased to announce that following the launch of @Australia in September this year, the @UK sales team conducted a two month campaign to select prospects which culminated in a successful three week sales visit in October and November by @UK senior management.

The visit saw meetings with four of the Australian Regional Governments, covering areas as diverse as health, education, research, local government and economic development.

The visit confirmed that there is a real appetite for the Company's solutions, ranging from spend analytics through to the ecommerce marketplace with secure embedded payment.

To support and accelerate the roll out of this innovative solution the Company has engaged with a number of Australia's major banks, demonstrating the solution to their sales and product teams.

As a consequence of this activity, the Company has run a number of spend analytics test files and is actively engaged in providing proposals to prospects.

It is the Company's intention to establish a small team in Australia during 2013 and the Board believes revenues from Australia have the potential to be greater than UK revenues.

Lyn Duncan, co-founder of @UK commented,

"The visit to Australia was worthwhile, building upon all of the pre-sales work undertaken by the team. The Australian market is technically literate and understands the differentiated nature of our offering. The fusion of buyer driven eprocurement and genuine supplier ecommerce, underpinned by an active and engaged banking sector has the potential to become pervasive. Importantly, there is also a lack of legacy systems in place which traditionally slow down change and the uptake of new technology. We are therefore confident that these activities will deliver significant opportunities."



@UK PLC                                         Tel: 0118 963 7000
Ronald Duncan, Chairman

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

Newgate Threadneedle                    Tel: 020 7653 9850
Caroline Evans-Jones / Alex White


@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 GBP500 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

  • SpendInsight uses unique artificial intelligence to automatically identify savings and is available on a national framework contract
  • Ecommerce Marketplace realises the savings through correct pricing vs catalogue marketplaces which are unable to support carriage, or complex pricing
  • GreenInsight provides unique sustainability analysis and
  • Hybrid Carbon Footprints enabling universal carbon footprints at a price break through of GBP4 per item
  • High performance cloud technology underpinning the system
  • Start up service allowing start ups to immediately start trading

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

  • Investor Site http://www.uk-plc.net/invest
  • Main Site http://www.uk-plc.net
  • SpendInsight Site http://www.spendinsight.com
  • GreenInsight Site http://www.green-insight.com
  • Hybrid Carbon Footprint Site http://www.hybridcarbonfootprint.com
  • Cloud-Start-Up.com http://cstartup.com
  • 2012StartUp.com http://www.2012Startup.com

This information is provided by RNS

The company news service from the London Stock Exchange