EU Supply PLC Contract Win
October 31 2018 - 7:01AM
RNS Non-Regulatory
TIDMEUSP
EU Supply PLC
31 October 2018
RNS Reach
31 October 2018
EU Supply plc
("EU Supply", the "Company" or the "Group")
Contract Win
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that the States of Guernsey has entered into
an agreement with the Company to license its CTM(TM) service
platform as SaaS with support and related services. CTM(TM) will
become the States of Guernsey's national eProcurement service.
The contract was awarded following a competitive tendering
process with the award criteria including ease of use, breadth and
depth of functionality and speed of implementation. EU Supply's
CTM(TM) platform will go live early in 2019.
Thomas Beergrhen, CEO of EU Supply plc, commented: "This
contract is of particular significance to the Company as it
highlights demand for CTM(TM) , an advanced competitive tendering
service platform, also from a jurisdiction outside of the EU and
the European Economic Area."
FURTHER ENQUIRIES
EU Supply PLC Tel: 020 7127 4545
Thomas Beergrehn, CEO
Fredrik Wallmark, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, Ed Thomas
A copy of this announcement is available at
www.eu-supply.com.
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 e-sourcing,
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(TM) ("CTM(TM)") 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(TM) platform is one
of the easiest to use and most functionally advanced solutions
available in the market. The CTM(TM) platform is used by over 8,000
European public sector bodies in 9 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. In August and September 2015, the Company raised a total of
GBP2.061m (before expenses) through a placing of new shares and the
issue of first and second tranches of Convertible Loan Notes to
institutional and other investors. On 25 May 2018, the Company
announced that it had raised a further GBP600k (before expenses)
through a placing and subscription of new shares.
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END
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