Proactis 2014 Overview: A Source-to-Pay Provider Uses Acquisitions to Move Up a Gear [Plus+]
It has been a busy year for Proactis, the source-to-pay software provider based in Wetherby, a town in the fine northern English county of Yorkshire. Of all the firms in our European procurement solution provider market, Proactis has been the busiest from an acquisition point of view – certainly compared to company size. The firm has basically doubled in size (revenue) as well as moving in new strategic directions via three acquisitions in this calendar year. In this Spend Matters Plus research brief, Peter Smith (managing director of the UK/Europe site) provides a recap on those transactions, as well as takes a quick look at their half-year figures released in a trading update on August 12th, ahead of the full results announcement.