PROACTIS Holdings PLC Contract Win
March 23 2021 - 2:00AM
RNS Non-Regulatory
TIDMPHD
PROACTIS Holdings PLC
23 March 2021
Proactis Holdings PLC
Contract Win
Proactis Holdings PLC, ("Proactis", the "Group" or the
"Company"), the business spend management solution provider, is
pleased to announce that it has signed a 5-year contract with a
transportation company in Germany to provide its business spend
management solution. This contract win represents the third new
customer in Germany to sign up under the Group's new go-to market
strategy.
The customer has selected Proactis to digitise its procurement
processes and offers further potential for new business through
invoice automation and workforce management.
As announced previously, the Group adopted a new go-to market
strategy for each of its US, France and Germany territories
designed to replicate that of the UK and the Netherlands. This
contract builds upon the contracts already signed across those
territories.
Tim Sykes, Chief Executive Officer at Proactis, commented:
" We are delighted to have been selected once again in Germany,
following successes in North America last month and in both Germany
and France late last year.
We have demonstrated that our go to market strategy, our
positioning and our solutions are relevant for our target market
segment in each of the territories that we operate in and we can
now see the momentum and volume of business increasing as pipeline
starts to turn into contracts more regularly.
Whilst conscious that the pandemic continues to impact the pace
of our progression, we grow more confident that the market
opportunity for Proactis in each of the US, France and Germany is
as great as it is in the UK and the Netherlands and that we will
continue to see further acceleration of deal flow over the coming
months."
For further information, please contact:
Proactis Holdings PLC
Tim Sykes, Chief Executive Officer 01937 545070 investorcontact@proactis.com
Richard Hughes, Chief Financial Officer
finnCap Ltd
Carl Holmes/Emily Watts/Matthew Radley -
Corporate Finance
Andrew Burdis/Richard Chambers - ECM 0207 220 0500
Alma PR 020 3405 0205
Sam Modlin/David Ison/Molly Gretton 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 1,100
buying organisations around the world from the commercial, public
and not-for-profit sectors.
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END
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