21st May 2015 08:34
LONDON (Alliance News) - E-commerce marketplace provider CloudBuy PLC on Thursday said it has entered into a strategic deal with Saudi Arabia's Bin Shamikh Group to promote CloudBuy products in the Middle East and Africa.
The deal has been signed via CloudBuy's partner in the region, DUC International Consulting. No financial details were disclosed.
"Choosing the right partner in this region is very important, and I am confident that we have a good strong partner in Bin Shamikh Group to take advantage of both our unique product set and excellent local reference sites," said Ronald Duncan, CloudBuy's executive chairman.
Shares in CloudBuy were up 7.2% to 26.00 pence on the news Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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