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.
EU Supply
18.05p
15:54 10/07/19
0.00%
0.00p
FTSE AIM All-Share
727.55
16:50 18/11/24
n/a
n/a
Software & Computer Services
2,477.70
17:09 18/11/24
0.53%
13.08
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.