CBRAIN — M&A Activity 2014

May 22, 2014

The Crown Commercial Service in the UK has just finalized a public tender for a
framework agreement called G-Cloud 5. cBrain has been appointed to the
framework, which means that cBrain's F2 product is now available as
software-as-a-service through the UK Government CloudStore, along with F2
implementation services and support.

Over 29,000 institutions, including all central Government departments,
devolved administrations and local authorities in the UK are eligible to buy
services on the CloudStore. cBrain's international growth plan is based on
delivering the F2 product as a cloud service, and the appointment to the UK
government G-Cloud framework agreement therefore represents an important
international step for cBrain.

cBrain believes that cloud computing is becoming one of the most important
technology trends for government organizations and that cloud computing will
drive significant market changes. The UK G-cloud framework is very well
designed for small and midsize companies (SMEs) who want to offer cloud
services, and for a supplier based outside of the UK it is impressive to
realise how SME-friendly and straightforward the UK procurement procedures
work. The G-Cloud framework and the national CloudStore is therefore a highly
motivating factor for cBrain to offers its services in the UK.

cBrain has therefore decided to further strengthen its efforts in the UK, as
David Cotterill has joined cBrain as Director of Cloud Services. David
Cotterill is based in the UK and will have a special focus on opening up the UK
market for cBrain, using the G-Cloud framework.

David Cotterill joins cBrain from the Cabinet Office in London, where he was
Deputy Director in charge of technology strategy in the UK reporting to the
national CTO.

It is currently too early to judge if or when cBrain may be able to enter the
UK market.

The appointment to the framework is subject to a standstill period that ends
tonight.

About the F2 product
Developed in close collaboration with a number of Danish Ministries, the F2
suite represents a new model and software for paperless public administration.

Today ten Danish Ministries use F2 including the Prime Minister’s Office, and
the Danish Ministry of Foreign Affairs is currently rolling out F2 for 2,000
employees globally at 100 locations. With F2 Ministries and Agencies can
eliminate the use of paper and digitize their work flow, including case
processing, ministerial submissions and parliamentary correspondence,
collaboration, knowledge sharing, document management, archiving and records
management. Now everyone in the organisation, including the Permanent Secretary
and the Minister, has instant access to all formal and as informal documents
and information, with secure mobile access from iPad/tablets and smart phones.

The F2 model runs on a 100% standard platform which is very flexible and can be
configured to support organisations without any programming, and F2 can
therefore be offered as a cloud service. Today, the Danish Agency for
Governmental IT Services (part of the Ministry of Finance) offers F2 as a cloud
service for government organisations. The F2 cloud enables fast and cost
effective deployments with a typical implementation period of just a few months
from start until all users have gone live.

     Anne Dorthe Hermansen
     ir@cbrain.dk
     + 4540118608