PHD.L Regulatory News (PHD)

Proactis Holdings PLC

bePayd Strategic 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 commercial partnership agreement with EPSA, the international sustainable performance expert.

EPSA operates across 30 countries and is the parent company of Experbuy, the first bePayd customer. Under the agreement EPSA will market the Proactis early payment service, bePayd, further into the French market. This will extend the market reach of bePayd.

Matthieu Gufflet, Founder of EPSA, commented:

"EPSA strengthens its cash optimisation offer through this partnership. bePayd offers the opportunity to increase operating profitability to buyers and improve supplier working capital solutions. The supply chain is effectively reinforced."

Tim Sykes, Chief Executive Officer at Proactis, commented:

"We are delighted to have agreed this strategic relationship with our partner, EPSA. It's a further validation of Proactis' value proposition and EPSA's expertise and reach into the enterprise class French market will help accelerate the deployment and shape of bePayd quickly."

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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.