Published on: April 30, 2015
Regulatory tailwinds beginning to build
EU Supply offers a software platform for e-sourcing, e-tendering and contract management, aimed at the European public sector procurement market. Its first twelve months post-IPO have been hampered by delays at specific customers, and by lack of market adoption, as regulatory change has been slow to turn into procurement action. However, revenues grew by 41% in FY2014 and we believe that a number of these short-term headwinds are abating,
with structural regulatory tailwinds potentially now taking hold.