@UK PLC (AIM:ATUK.L), the cloud ecommerce marketplace, is delighted to announce that it has signed contracts with an Australian Government shared service organisation for electronic marketplace research and spend analysis. This follows considerable market entry work undertaken over the course of the last 12 months, which has created a pipeline of approximately AUD $2.4m per annum in opportunities across the Australian public and private sectors. The Company has, together with Visa and its member banks, presented to the majority of Australia's Governments as well as a number of Australia's largest companies. Response to the integrated offering of ecommerce marketplace and embedded payment has been very encouraging.
To support this work and progress the proposals through to implementation the Company has recruited Matthew Clyne to head up its Australian operation. Matthew, who formerly worked for Visa's SpendVision platform, brings with him a deep knowledge of client needs and systems as well as a detailed understanding of electronic payment processes. Matthew was strongly recommended by Visa and has global experience. He was part of the team that rolled out the SpendVision platform across the USA, Europe, SE Asia and Australasia. The Company believes that this experience will be very valuable as it continues to expand its business internationally. Many of the corporate clients that @UK has engaged with operate globally and this focus will help to increase uptake across different geographies.
Matthew Clyne, Head of Australian Operations @UK commented "I am really excited by this opportunity and having spent 2 weeks with the @UK team in Australia presenting at a procurement conference and visiting prospective customers it's clear that there is real enthusiasm for the solution."
Ronald Duncan, Chairman of @UK commented "I am very pleased with progress in Australia which we still expect to be larger than the UK, and am delighted that Matthew has joined us at this critical time where prospects are turning into clients."