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Published: 28 June 2000 15:04 BST
IBM and investment and development firm inVentures today announced a partnership with eHospitalEurope to establish a business-to-business ecommerce solution for the healthcare industry.
The service will streamline procurement and reduce supply chain costs for a European market worth over E60bn (£37.5bn).
Martin Clapes Pons, chief executive of eHospitalEurope said: "At the moment, the European healthcare market is highly fragmented. The solution we are developing through this partnership will use the scale and power of the internet to bring a neutral, secure and value-added solution to buyers and sellers within the healthcare market."
IBM will develop and maintain the technology infrastructure based on its WebSphere software platform.
inVentures will partner the company throughout its growth, providing additional capital and strategic and developmental support as required.
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