20th May 2015 08:54
LONDON (Alliance News) - E-commerce marketplace provider CloudBuy PLC on Wednesday said it has expanded is social care marketplace offering via a partnership with Lancashire-based social enterprise Salvere.
The Salvere-branded marketplace will allow people to contact social care experts who can guide them in selecting care options.
No financial details were disclosed on the agreement, but CloudBuy said it will charge a fee to suppliers on the marketplace and take a percentage of transactions that flow through the platform.
"UK adult social care is under increasing pressure and the current model is no longer sustainable. The obvious solution is to bring citizens and suppliers together via a friendly environment on the web. This can provide a purchasing experience similar to the online shopping sites with which everyone is familiar and offer citizens a selection from a wide range of care products and services," said Chief Executive Lyn Duncan.
Shares in CloudBuy were up 2.9% to 24.435 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
CBUY.L