Proactis Holdings PLC - Wetherby, England-based cash management software company - Signs five-year contract with an unnamed German transportation company to provide its business spend management system. Notes this is the third new German customer to sign up for the group's market strategy. Says the customer selected Proactis to digitise its procurement process, offering potential for new business through voice automation and workforce management.
"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 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," says Chief Executive Tim Sykes.
Current stock price: 42.20 pence
Year-to-date change: down 9.3%
By Zoe Wickens; zoewickens@alliancenews.com
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