Proactis – Reasonable Results With Some Indian JV Excitement? [Plus+]

We reported a few months back the rather interesting falling out between Proactis, the procurement software firm, and the private equity firm Isis, who are their biggest single shareholder (with around 20% of the equity). Isis felt that Proactis, who are based in the UK but now have offices in Holland, Spain, the US and Australia, weren’t growing as fast as they could be, and should look at more radical steps. Isis didn’t get anywhere at the AGM however, and Proactis apparently carried on as before.

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