cloudBuy plc announced that it has signed a contract with FSB to deliver a new online marketplace for FSB members. The FSB marketplace will enable its 170,000 members to trade with each other securely and cost effectively as well as allow both consumer and business buyers to buy goods and services directly from FSB's trusted member network. The FSB marketplace will also act as a showcase for the goods and services of innovative smaller businesses to larger organizations and overseas buyers. The contract is for a 5 year period with revenue comprising a mix of implementation, SaaS licence, support and hosting and a share of transaction revenue. Although it is expected that there will be some contribution of revenues in the current financial year, this contract win is not expected to change market expectations. The FSB marketplace will be configured and customised during 2016 followed by FSB member on boarding. There will be no registration or subscription fees for FSB members to join the marketplace and list their products and services. The launch of the FSB marketplace is planned for early 2017.