PROACTIS Holdings PLC Strategic Contract Win
September 23 2019 - 1:01AM
RNS Non-Regulatory
TIDMPHD
PROACTIS Holdings PLC
23 September 2019
23 September 2019
RNS Reach
Proactis Holdings PLC
Strategic Contract Win
Proactis, the global spend management company, is pleased to
announce that it has signed a long-term contract with DIWIDAG
Systems International in Germany.
As announced at the time of the Interim Results during April
2019 the Group took a strategic decision to focus more tightly on a
specific market segment with a focussed product portfolio with a
view to improving its new business performance in the US, France
and Germany.
This contract win represents a strategically important
milestone, being the first new customer in Germany to sign up under
that new strategy. This demonstrates the capability of its
marketing and sales team to align its efforts to the needs of
customers within that specific market segment and the suitability
of the focussed product portfolio for that market segment.
Tim Sykes, Chief Executive Officer, commented:
"We are delighted to have won our first customer in Germany
under the new strategy outlined during April 2019.
We believe it is an early validation of our strategy to focus on
a specific market segment in all of the geographies where we
compete and that our product portfolio is a highly relevant
proposition to that segment.
Further, our teams are very capable and are adapting well to the
new strategy as we seek to build equivalent new business
performance in Germany, France and the US to that which we already
achieve in the Netherlands and the UK."
Kathrin Kuropka, Supply Chain Management EMEA, DYWIDAG,
Commented:
"We are very much looking forward to realising the benefits of
the Proactis solution as we strongly believe that the product
perfectly aligns to our needs".
For further information, please contact:
Proactis Holdings PLC 01937 545070
Tim Sykes, Chief Executive Officer investorcontact@proactis.com
finnCap Ltd
Stuart Andrews/Carl Holmes/Simon Hicks - Corporate
Finance
Andrew Burdis/Richard Chambers - ECM 0207 220 0500
Alma PR
Rebecca Sanders-Hewett, Hilary Buchanan, Sam 020 3405 0205
Modlin proactis@almapr.co.uk
Notes to Editors:
Proactis creates, sells and maintains software and services
which enable organisations to streamline, control and monitor all
indirect expenditure. Its solutions are used in approximately 1,000
buying organisations around the world from the commercial, public
and not-for-profit sectors.
Proactis floated on the AIM market of the London Stock Exchange
in June 2006.
DYWIDAG-System International ("DSI") is a global supplier of
innovative products and systems for the construction industry and
is organised into four business segments: Post-Tensioning,
Geotechnical applications, Global Services and Concrete
Accessories.
The history of DSI dates back to 1865. Today, the company
develops, manufactures and supplies systems in more than 90
countries and has 28 regional production sites. DSI is owned by the
global investment company Triton since 2011.
The company has 1,390 employees and a revenue of EUR340 Million
(2018).
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END
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