Proactis Holdings PLC (LON:PHD) CFO Tim Sykes talks to DirectorsTalk about its substantial commercial and transformational trading performance. Tim shares his impressions of the update, provides a summary of the progress made with each of the acquired businesses and gives us a idea of what developments we might expect to see from the business combination over the coming year or so.
Hamp Wall, Chief Executive Officer commented: “PROACTIS has delivered an excellent performance during the year prior to its acquisition of Perfect Commerce LLC. This gives me great confidence for the future prospects of the Group as we look to combine two individually strong businesses and deliver our strategy over the coming months and years. I believe the acquisition positions us to exploit the high growth areas of the spend management market and enables the business to provide our customers with an even broader product offering.”
Proactis Holdings PLC is head-quartered in London with offices in the UK, North America, Mainland Europe and New Zealand. It creates, sells and maintains specialist software which enables organisations to streamline, control and monitor indirect expenditure. It is used in over 1,000 organisations around the world from the commercial, public and not-for-profit sectors.