Advertisement

@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.

@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.

Advertisement - Article continues below

"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

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020