@UK wins agreement cloud services

@UK, a cloud ecommerce marketplace, has been awarded a framework agreement for cloud services via the G-cloud framework.

@UK is the the only provider of ecommerce on the framework, and its Care Marketplace is the only one currently available on any framework.

In what is its first year providing a Social Care marketplace, the board expects that the company's revenues from the first two pilot customers will be approximately £0.5m in the current year, with £0.31m paid and £0.19m remaining to be delivered and billed this year.

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In a statement the firm said: "The board believes this augurs well for the company's prospects in the following year, ending 31 December 2013, and future years, from this strand of business alone.

"The board believes that there are 160 Local Authorities that need to implement a care marketplace as part of the move to individual budgets by April 2013. The potential earnings range from a care directory at £20k to a fully integrated marketplace at £500k,giving a potential market size of approximately £80m."

NR