EU Supply wins contract from existing customer

EU Supply, an e-procurement software provider, has won a contract to upgrade its complete tender management (CTM) platform for an existing customer.

CTM is a tool that allows tenders to be created, distributed and evaluated without the need for paper documents, making the tendering process easier for buyers and suppliers.

The contract is expected to generate about €115,000 of revenue in 2017 with the project work expected to start “without delay” and to be completed this year.

The AIM-listed company also said that there are ongoing talks for potentially larger projects with this customer to be delivered in 2017 and 2018.

Shares in EU Supply were down 3.85% to 12.50p at 0850 BST.