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Outsourcery shares advance on new NHS contract win

Last updated: 09:26 26 Feb 2015 GMT, First published: 10:26 26 Feb 2015 GMT

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Shares in AIM quoted IT group Outsourcery (LON:OUT) advanced 8% with news of a new NHS contract.

Outsourcery will provide a cloud computing platform to Berkshire Healthcare NHS Foundation Trust, which employs 4,000 staff across 100 sites.

The company highlights that the contract win coincides with new legislation which is simplify the government’s procurement process, and it comes as the government launched a new ‘Contracts Finder’ portal.

The new online portal was ‘unveiled’ by a number of dignitaries including Outsourcery’s co chief executive Piers Linney.

In a stock market statement, Linney said: “With the launch of the revamped Contracts Finder portal, public sector opportunities will become less complicated and costly to bid for, making deals such as ours with Berkshire Healthcare NHS Foundation Trust more common. 

“The new Contracts Finder portal is a huge opportunity for SMEs to gain visibility across a wealth of public sector opportunities."

On AIM, Outsourcery shares gained 2p, 8%, to trade at 27p each.

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