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cloudBuy plc, together with its subsidiaries, provides an integrated software platform for eProcurement and eCommerce. It operates through Company Formation Services, and Web and eCommerce Services segments. The company’s platform enables the trading of goods and services between purchasers and their suppliers, as well as helps in the analysis and coding of spend and product data. It products include a suite of Spendinsight that uses artificial intelligence to identify purchase order compliance, invoice volumes, price variations, off-contract spend, and spend metrics; and contract management solutions, which allow procurement professionals to manage their contracts, activities, and contacts. The company also offers eCommerce Marketplace solution, a combination of business to business, business to consumer, and business to public sector, which enables suppliers to make goods and services as easy to purchase as possible for their customers, and display offering through eCommerce sites. In addition, it provides services to new businesses, including incorporation, company secretary services, and filing annual returns using its software platform. cloudBuy plc has a strategic partnership with Visa Asia Pacific (AP) to offer cloud-based real-time integrated services that enables controlled and convenient online purchasing experience. The company was formerly known as @UK PLC and changed its name to cloudBuy plc in October 2013. cloudBuy plc was founded in 1999 and is based in Reading, the United Kingdom.
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