cloudBuy plc announced that it has signed a contract with HealthShare NSW in Australia, the service delivery arm of NSW Health. The contract, valued at £332,996 (AUD 621,371), is for an initial three year period with the option to extend for a further two years. Revenue will be recognized over the life of the contract with a small weighting towards the first year and is expected to commence in first half 2016.

The contract has been won following an extensive competitive tender process. Under the terms of the contract, cloudBuy will supply its SpendInsight solution, along with global benchmarking, professional services, hosting, training and support, to provide the customer with regular analysis of its historical spend data and help identify areas for savings and efficiency improvement. HealthShare NSW's mission is to deliver more efficient support services for NSW Health, which in turn is responsible for managing and delivering public health services within the Australian state of New South Wales.