cloudBuy plc announced that it has signed a contract with University of Exeter for the supply of a new online procurement system. This will provide an intuitive way for the University's staff to buy goods and services against contract agreements with a wide range of suppliers. The contract is for an 8 year period and will contribute revenue in the current financial year. The project will deliver an accelerated phased implementation, providing benefits at each stage, leading to a Source to Pay solution fully integrated with the University's finance system.