EU Supply receives first contract under customer framework

E-procurement software provider EU Supply announced on Tuesday that it received its first contract pursuant to the new framework agreement entered into with an existing unnamed customer for additional services to its CTM platform, as announced by the company on 16 June.

The AIM-traded firm said the contract entered into with the customer under the agreement comprised “certain customer-paid enhancements”, which were expected to generate revenues of approximately €0.4m during the remainder of the year.

“As set out in the company's announcement of 16 June 2017, discussions are still ongoing with the customer on specific call-off orders for additional services to be delivered in 2017 and 2018,” the board added in its statement.