Velpic rapidly expands internationally
VPC has successfully tendered for inclusion into the UK Government procurement portal, G-Cloud.
The G-Cloud replaces the tender process, fast tracking purchase decisions for public sector organisations.
Inclusion into the G-Cloud is an important milestone for VPC as it validates the reliability of VPC’s services with an international government body.
Over £18 billion (AU$31.6B) of purchasing decisions are expected to be made over the G-Cloud platform in the coming three years.
The deal gives VPC access to over 38,000 government departments including, local councils, schools and libraries which can now sign up to VPC’s services.
Public sector buyers in the UK that sign on to VPC’s services will pay SaaS subscription revenue fees for access to the video e-Learning platform, along with Pay Per View (PPV) fees for each lesson completed.
Whilst over in the US VPC has completed full integration into NASDAQ-listed ADP’s global human resources management Marketplace.
The ADP Marketplace allows employees to manage business applications in one simple and secure location.
The ADP integration puts VPC in front of the current 630,000 ADP customers in more than 100 countries.
There is no guarantee of the uptake of VPC’s platform in these regions, so apply caution to any investment decision you make in this company and seek professional financial advice for further information.
Employees throughout the world are now able to purchase VPC’s products through ADP’s global catalogue of services.
Sales will be completed through ADP’s own payment gateway to which VPC will offer per user pricing to access the video e-Learning platform.
Chief Executive Russell Francis sees today’s announcement as a significant commercial milestone in VPC’s history with expected revenue uplift opportunities to follow.
The latest developments signify that there is an addressable market opportunity abroad for its e-Learning platform.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.