LONDON (Alliance News) - CloudBuy PLC on Monday said it has signed a three-year contract with an unnamed financial institution in Hong Kong, with the number of suppliers on the contract increased since the contract was first announced last month.
The cloud e-commerce company said the deal with the unnamed financial services company to provide a branded e-commerce marketplace has been signed, with the number of business-to-business suppliers on the platform increased to approximately 8,500.
Ronald Duncan, chairman of cloudBuy, said the contract in Hong Kong, along with its contract signed in India with SYNISE, would be enough to deliver USD150-200 million in revenue per year.
"We have managed to step up our contract size to this new level and we have a number of similar sized opportunities in the pipeline," Duncan added.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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