PHD.L Regulatory News (PHD)

Proactis Holdings PLC

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 3-year contract with a major German DIY retailer to provide its business spend management solution.

As announced previously, the Group adopted a new go-to market strategy for each of its US, France and Germany territories which is designed to replicate that of the UK and Netherlands. This contract win represents a strategically important milestone, being the second new customer in Germany to sign up under that new strategy.

The solution will be deployed in Germany initially before being rolled out into new territories through Central and Eastern Europe.

Tim Sykes, Chief Executive Officer at Proactis, commented: 

"The fact Proactis has been selected by a major German multi-national retail business demonstrates the quality of our offering. The win is further validation of our new go-to-market strategy in Germany and highlights the relevance of our solution for that market. We are excited to establish a long-term partnership with this customer and look forward to supporting its deployment of our software throughout Europe."

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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.