Blur Group surges due to possible six figure roll-out of its platform

Shares in Blur Group surged on Thursday after the business services operator announced that a county council is continuing its programme of spend that could lead to a multiple six figure roll-out of its indirect spend management platform.

The platform, which combines cloud-based software and managed services, can be used for private and public sector organisations to streamline project management programmes.

AIM-listed Blur Group has been working with the unnamed county council for several quarters to address the “complex procurement environment within which the UK public sector operates”.

Chief executive Philip Letts said that by gaining an understanding of this environment the company has been able to tailor a programme to address the organisation's marketing spend requirements.

“This experience and reference should prove valuable to blur as we look to engage with the wider local government market. We've already successfully completed the first project for this customer and look forward to expanding our relationship over the forthcoming weeks,” he said.

Shares in Blur Group were up 14.07% to 15.40p at 0839 BST.