Announcement
EU Supply PLC : Contract Win
RNS Number : 7263Z
EU Supply PLC
22 September 2015
22 September 2015
EU Supply plc
("EU Supply", the "Company" or "the Group")
Contract win & further Business Alerts roll-out
EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has been awarded a contract with Departementenes sikkerhets- og serviceorganisasjon, ("DSS"), the Norwegian Central Government Service Centre. The contract allows DSS the right to use the Company's CTMTM platform for any tendering and contract management.
The contract is for 2 years, with up to 2 years' optional extensions. It is expected to lead to adoption for certain procurement procedures across all central government departments. Initial adoption is estimated at 40 users and subsequently additional users within the Norwegian central government may adopt and use the Company's CTMTM platform for further tendering and for accessing contracts by the time the new EU Directives are expected to become effective in Norway. Pricing of the contract is dependent on the number of users.
Business Alert services which were launched earlier this year in Norway have also now been launched in the United Kingdom.
FURTHER ENQUIRIES
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EU Supply PLC Thomas Beergrehn, CEO Mattias Ström, CFO Westhouse Securities Tom Griffiths, David Coaten |
Tel: 020 7127 4545
Tel: 020 7601 6100
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Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.
Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.
The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 8 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM in November 2013 when the Company raised £5.0 million before expenses. In July 2014, the Company raised a further £1.35 million by way of a placing of new ordinary shares, the proceeds of which were mainly used to strengthen the Company's balance sheet, provide working capital to support the growth of the business as it expands and aims to gain market share and to provide additional funds for sales and marketing.
This information is provided by RNS
The company news service from the London Stock Exchange
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