PHD.L Regulatory News (PHD)

26 Jun 2008 09:00



Immediate release  26 June 2008

PROACTIS Holdings PLC

Board Change

PROACTIS Holdings PLC ("PROACTIS" or "the Group") announces the resignation of Terry Wilcox, main board Director of PROACTIS, with immediate effect.

Following the establishing of the PROACTIS brand and the business in the US, Mr Wilcox has resigned to pursue his other business interests.

Rod Jones, Chief Executive Officer, commented:

"Over the past five years, PROACTIS' has built a great product, a loyal customer community and an enviable corporate reputation in the UK, and one that is gaining traction in the US.  It has gained a momentum that its competitors find difficult to match and it has established itself as a premier solutions provider to global corporates.  I would like to thank Terry for his contribution to this progress and I wish him well for the future."

Enquiries:

Notes to editors:

PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll.  PROACTIS is already used in over 250 organisations from the commercial, public and not-for-profit sectors.

PROACTIS is a high growth business head quartered in Wetherby, West Yorkshire. It develops its own software using an in-house team of developers and sells through both direct and indirect channels via a number of Accredited Channel Partners.

PROACTIS floated on the AIM market of the London Stock Exchange in June 2006.