@UK signs new deal in Australia

@UK, a cloud e-commerce marketplace, has signed contracts with an Australian government shared service organisation for electronic marketplace research and spend analysis.

The group also announced that it has Matthew Clyne, who previously worked for Visa's SpendVision platform, to head up the Australian operation.

@UK explained that the new deal came on the back of 12 months of market entry work, which created a pipeline of around AUD $2.4m per annum in opportunities across the country's private and public sectors.

"The company has, together with Visa and its member banks, presented to the majority of Australia's governments as well as a number of Australia's largest companies," the group said.

"Response to the integrated offering of ecommerce marketplace and embedded payment has been very encouraging."

Clyne added that in his visits with prospective customers he has seen "real enthusiasm" for the solution.

The share price rose 10.29% to 9.38p by 09:20.

NR