EU supply wins new contract for CTM platform

AIM-listed e-procurement software provider EU Supply has entered into a contract with the Norwegian Government Agency for Financial Management for the use of its CTM platform.

The contract will also allow over 200 Norwegian state-controlled entities/operations to use the platform via the agency. It is expected to generate total revenues of, in aggregate, more than £50,000 over three years, including licences and support implementation.

EU Supply also said on Wednesday that it continues to see increasing activity in certain European e-procurement markets where there is currently a low adoption rate, such as Norway.

At BST, the shares were down 4.4% to 16.25p.