24th Oct 2016 07:30
LONDON (Alliance News) - Investment company Legendary Investments PLC on Monday said its Virtualstock portfolio company has won a contract to provide its technology platform to a group of National Health Service training hospitals.
Virtualstock has been appointed by the Shelford Group, which comprises 10 training hospitals in the UK, to deploy its The Edge cloud-based catalogue management platform. The platform is designed to improve procurement and optimise supply chains.
No financial details on the contract were disclosed. Legendary owns a 7.0% stake in Virtualstock.
"In a few short years, Virtualstock has gone from winning its landmark contract with Tesco to being adopted by other leading retailers. Momentum in this sector continues to grow," said Legendary Executive Chairman Zafar Karim.
"Significantly, Virtualstock's sector-agnostic nature enabled it to win its first NHS client just over a year ago, and now, its systems have been cited as 'exemplary' and are to be deployed in the NHS by the Shelford Group further afield," he added.
Legendary shares were up 22% to 0.17 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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