Market News

EU Supply wins new contract with States of Guernsey

31/10/2018 12:58

(Sharecast News) - AIM-listed EU Supply said on Wednesday that it has agreed to licence its complete tender management (CTM) service platform as SaaS with support and related services to the States of Guernsey. CTM will become the States of Guernsey's national e-procurement 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 platform will go live early in 2019. Chief executive officer Thomas Beergrhen said: "This contract is of particular significance to the company as it highlights demand for CTM, an advanced competitive tendering service platform, also from a jurisdiction outside of the EU and the European Economic Area." At 1255 GMT, the shares were up 2.7% to 11.55p.

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