XBP Europe Selected for UK Government’s G-Cloud 14 Framework
XBP Europe's UK subsidiary has secured a position on the UK government's G-Cloud 14 framework, replacing G-Cloud 13. This framework, managed by the Crown Commercial Service, facilitates public sector procurement of cloud services with an estimated cumulative value exceeding £5 billion. Through its Reaktr.ai business unit, XBP Europe will provide AI-driven cloud services in two categories: Cloud Hosting (Lot 1) with the cloudX platform, and Cloud Support (Lot 3) offering Multi-Cloud Support Services and Outsourced Contact Centre solutions. The company aims to accelerate digital transformation for public sector organizations while meeting strict security and compliance standards.
XBP Europe ha ottenuto una posizione nel G-Cloud 14 framework del governo britannico, sostituendo il G-Cloud 13. Questo framework, gestito dal Crown Commercial Service, facilita l'acquisto di servizi cloud da parte del settore pubblico, con un valore cumulativo stimato superiore a £5 miliardi. Attraverso la sua unità aziendale Reaktr.ai, XBP Europe fornirà servizi cloud basati su AI in due categorie: Cloud Hosting (Lot 1) con la piattaforma cloudX e Cloud Support (Lot 3), offrendo Servizi di Supporto Multi-Cloud e soluzioni di Contact Centre esternalizzate. L'azienda punta ad accelerare la trasformazione digitale per le organizzazioni del settore pubblico, rispettando rigorosi standard di sicurezza e conformità.
XBP Europe ha logrado una posición en el G-Cloud 14 framework del gobierno del Reino Unido, reemplazando al G-Cloud 13. Este marco, gestionado por el Crown Commercial Service, facilita la adquisición de servicios en la nube por parte del sector público, con un valor acumulado estimado que supera los £5 mil millones. A través de su unidad de negocio Reaktr.ai, XBP Europe ofrecerá servicios de nube impulsados por IA en dos categorías: Alojamiento en Nube (Lote 1) con la plataforma cloudX y Soporte en Nube (Lote 3), que ofrece Servicios de Soporte Multi-Nube y soluciones de Centro de Contacto Externalizadas. La empresa tiene como objetivo acelerar la transformación digital de las organizaciones del sector público, al tiempo que cumple con estrictos estándares de seguridad y cumplimiento.
XBP Europe의 영국 자회사가 G-Cloud 14 프레임워크에 자리 잡았습니다. 이는 G-Cloud 13을 대체합니다. 이 프레임워크는 Crown Commercial Service에 의해 관리되며, 공공 부문에서 클라우드 서비스 구매를 용이하게 하며, 누적 가치가 £50억을 초과하는 것으로 추정됩니다. Reaktr.ai 사업 부문을 통해 XBP Europe은 두 가지 범주에서 AI 기반 클라우드 서비스를 제공합니다: 클라우드 호스팅 (Lot 1) 및 cloudX 플랫폼, 클라우드 지원 (Lot 3)으로 다중 클라우드 지원 서비스 및 아웃소싱 연락 센터 솔루션을 제공합니다. 회사는 공공 부문 조직의 디지털 전환을 가속화하면서 엄격한 보안 및 준수 기준을 충족하는 것을 목표로 합니다.
La filiale britannique de XBP Europe a obtenu une place dans le G-Cloud 14 framework du gouvernement britannique, remplaçant le G-Cloud 13. Ce cadre, géré par le Crown Commercial Service, facilite l'acquisition de services cloud par le secteur public, avec une valeur cumulée estimée à plus de 5 milliards de £. Grâce à son unité commerciale Reaktr.ai, XBP Europe proposera des services cloud pilotés par l'IA dans deux catégories : Hébergement Cloud (Lot 1) avec la plateforme cloudX, et Support Cloud (Lot 3) offrant des Services de Support Multi-Cloud et des solutions de Centre de Contact Externalisées. L'objectif de l'entreprise est d'accélérer la transformation numérique des organisations du secteur public tout en respectant des normes strictes de sécurité et de conformité.
Die britische Tochtergesellschaft von XBP Europe hat eine Position im G-Cloud 14 framework der britischen Regierung gesichert, das den G-Cloud 13 ersetzt. Dieses Framework, das vom Crown Commercial Service verwaltet wird, erleichtert die Beschaffung von Cloud-Diensten im öffentlichen Sektor mit einem geschätzten kumulierten Wert von über 5 Milliarden £. Über ihre Geschäftseinheit Reaktr.ai wird XBP Europe KI-gesteuerte Cloud-Dienste in zwei Kategorien anbieten: Cloud Hosting (Los 1) mit der cloudX-Plattform und Cloud Support (Los 3), das Multi-Cloud Support Services und ausgelagerte Kontaktzentren-Lösungen anbietet. Das Unternehmen zielt darauf ab, die digitale Transformation öffentlicher Organisationen zu beschleunigen und gleichzeitig strengen Sicherheits- und Compliance-Standards gerecht zu werden.
- Secured position on UK government's G-Cloud 14 framework
- Access to government contracts worth potentially £5+ billion cumulatively
- Approved supplier status meeting strict security compliance standards
- None.
Insights
The G-Cloud 14 framework selection represents a strategic positioning in the UK's public sector market, but comes with immediate financial impact. While the framework's total value exceeds
The company's Reaktr.ai platform, focusing on cloud hosting and support services, enters a crowded market dominated by tech giants. The qualification validates XBP's compliance standards, but success depends on winning individual contracts. Given XBP's small size and the framework's non-exclusive nature, this news represents potential rather than concrete business impact.
LONDON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP Europe” or “the Company”) (NASDAQ: XBP), a pan-European integrator of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, today announced its UK subsidiary XBP Europe Limited (fka Exela Technologies Limited) has been awarded a place on the UK government sponsored government cloud, or ‘G-Cloud’ 14 framework, which replaces the prior G-Cloud 13 framework.
G-Cloud 14, managed by the Crown Commercial Service (CCS), the UK’s biggest public procurement organisation, is a streamlined procurement framework designed to simplify the acquisition of cloud-based services by public sector organisations and to promote adoption of cloud computing. Public sector bodies are able to easily access and procure cloud services from pre-approved suppliers through the Digital Marketplace online portal. While no set number has been placed on the size of the G-Cloud 14 framework, it is estimated to be in excess of a cumulative total of
“We are proud that as an approved supplier meeting the strict security and compliance standards, public sector organisations can now access our AI-driven cloud hosting and support services to help accelerate their digital transformation,” said Vitalie Robu, President of XBP Europe.
Click here to learn more about Reaktr.ai.
About XBP Europe
XBP Europe is a pan-European integrator of bills, payments and related solutions and services seeking to enable digital transformation of its more than 2,000 clients. The Company’s name – ‘XBP’ – stands for ‘exchange for bills and payments’ and reflects the Company’s strategy to connect buyers and suppliers, across industries, including banking, healthcare, insurance, utilities and the public sector, to optimise clients’ bills and payments and related digitization processes. The Company provides business process management solutions with proprietary software suites and deep domain expertise, serving as a technology and services partner for its clients. Its cloud-based structure enables it to deploy its solutions across the European market, along with the Middle East and Africa. The physical footprint of XBP Europe spans 15 countries and 32 locations and a team of approximately 1,500 individuals. XBP Europe believes its business ultimately advances digital transformation, improves market wide liquidity by expediting payments, and encourages sustainable business practices. For more information, please visit: www.xbpeurope.com.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to future results of operations and financial position, revenue and other metrics planned products and services, business strategy and plans, objectives of management for future operations of XBP Europe, market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by XBP Europe and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against XBP Europe or others and any definitive agreements with respect thereto; (2) the inability to meet the continued listing standards of Nasdaq or another securities exchange; (3) the risk that the business combination disrupts current plans and operations of XBP Europe and its subsidiaries; (4) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of XBP Europe and its subsidiaries to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) costs related to the business combination; (6) changes in applicable laws or regulations; (7) the possibility that XBP Europe or any of its subsidiaries may be adversely affected by other economic, business and/or competitive factors; (8) risks related to XBP Europe’s potential inability to achieve or maintain profitability and generate cash; (9) the impact of the COVID-19 pandemic, including any mutations or variants thereof, and its effect on business and financial conditions; (10) volatility in the markets caused by geopolitical and economic factors; (11) the ability of XBP Europe to retain existing clients; (12) the potential inability of XBP Europe to manage growth effectively; (13) the ability to recruit, train and retain qualified personnel, and (14) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Annual Reports on Form 10-K filed on April 1, 2024 and, our subsequent quarterly reports on Form 10-Q and our current reports on Form 8-K as filed with the Securities and Exchange Commission (the “SEC”). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Readers should not place undue reliance on forward-looking statements, which speak only as of the date they are made. XBP Europe gives no assurance that either XBP Europe or any of its subsidiaries will achieve its expected results. XBP Europe undertakes no duty to update these forward-looking statements, except as otherwise required by law.
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