Cloudbuy PLC (CBUY)

cloudBuy plc, together with its subsidiaries, provides an integrated software platform for e-procurement and e-commerce in the United Kingdom. Its software platform enables the trading of goods and services between purchasers, such as public sector bodies and their suppliers; facilitates in the analysis and coding of spend and product data; and offers incorporation, company secretary, and annual returns filing services to new businesses. The company’s solutions include e-commerce Marketplaces that bring buyers and sellers together to trade online; e-commerce Websites, which comprise various Website packages; and Purchasing Portals, which provide a way to trade with suppliers via e-commerce environment with embedded payment options. Its solutions also comprise Source-to-Pay Suite for analyzing existing spending; Contract Management Module, which provides a centralized contracts database; SpendInsight that provides regular analysis of historical spend data; eAuction for managing whole auction process; eTender to manage the whole tendering process online; cloud-based Sales and Distribution platform to connect with buyers, and dealer and distributor network; and a range of online company formation packages. The company was formerly known as @UK PLC and changed its name to cloudBuy plc in November 2013. cloudBuy plc was founded in 1999 and is based in Reading, the United Kingdom.