PHD.L Regulatory News (PHD)

9th July 2019

Proactis Holdings PLC

Proactis selected to join Government G-Cloud 11 Framework

Proactis, the global spend management and B2B eCommerce company, is pleased to announce that it has been selected to join the latest Government G-Cloud 11 framework, enabling it to deliver its range of spend management solutions directly to public sector organisations.

The G-Cloud is a specialist supplier framework set up by the UK Government to identify suppliers in the market that can deliver robust cloud-based solutions. Its purpose is to provide public sector buyers in the UK, such as local councils, NHS trusts, universities etc., with quick and easy access to a qualified supplier list. As an approved supplier under the G-Cloud 11 Framework, Proactis solutions are immediately available to public sector organisations.

A commitment to information security standards is seen as a competitive advantage on the G-Cloud framework. The tender process specifically references Security Governance, requiring evidence of security processes and policies, and Operational Security detailing change management and vulnerability management. The feature-rich nature of Proactis' applications and underlying security of the infrastructure and data held within the applications was key to this achievement and subsequent acceptance onto the framework. Proactis was able to provide further evidence of this by using its award of ISO 27001 and ISAE 3402 standards as part of the tender.

The selection by the G-Cloud Digital Marketplace team highlights the suitability of Proactis' software and the high levels of engagement users have with the service Proactis provides.

Tim Sykes, Chief Executive Officer, commented:

"We are delighted that Proactis has been selected to join the latest government framework. This is a further illustration of the fact that we have a proven and relevant proposition that addresses the needs of a large and growing market."

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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 1,000 buying organisations around the world from the commercial, public and not-for-profit sectors.

Proactis is head quartered in London and floated on the AIM market of the London Stock Exchange in June 2006.