Hubwoo announces Q1 2012 Revenues

May 2, 2012

Hubwoo (Euronext: HBW.NX), a leading global provider of Cloud Procurement solutions powered by SAP® software, today announced financial information for Q1 2012, in accordance with the “European Transparency Obligations Directive” financial disclosure requirements.

Greg Mark, Hubwoo Chairman & CEO commented: “We are not only pleased by the confidence Uni.H.A has placed in us by signing a 10 year contract with us to provide their 54 hospital network with eProcurement solutions powered by SAP software, but are also pleased that the market has once again supported our Q1 capital increase. We plan to use this recent raise for the growth phase of our company, specifically to accelerate our revenue streams around The Business Network. We remain cautious about growth in 2012; however we feel that our Business Network assets and our direct go-to-market activities combined with our SAP partnership are poised to drive success going forward.”

Read the press release.

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