Afternoon Coffee: Proactis Acquires Esize Holdings BV, Amazon Targeted in Federal Procurement Spat

Proactis announced last week it would acquire Esize, a Netherlands-based provider of end-to-end procurement software, for €15.2 million, according to a press release. The Esize solutions cover the full source-to-pay cycle for indirect spend. Esize claims recent growth rates above 10% per year and counts approximately 60 customers in the private and public sectors. Proactis will gain additional capabilities in the travel and expense management and contingent labor management from the deal.

“We are delighted to welcome Esize to the Proactis Group. Its SaaS based business model is consistent with Proactis’ and will contribute high levels of contracted annual recurring revenue with high retention rates," said Time Skyes, CFO at Proactis, in the press release. “It will also create a scaled operation in The Netherlands, enabling us to access growth opportunities through the cross-selling of complementary capabilities to both customer bases."

Free procurement software rankings, updated quarterly: Access the Spend Matters Q2 2018 SolutionMap.

Amazon Defense Contract

The bid to move all of the Defense Department’s data onto the cloud is causing a stir with big-name IT companies, which are saying the contract was tailor-made for Amazon, according to Vanity Fair. In an official statement of protest, Oracle appealed to the Government Accountability Office that requests for proposals (RFP) to manage the Joint Enterprise Defense Infrastructure (JEDI) were rigged in Amazon’s favor and violate federal procurement laws.

Retail Forecast 

The National Retail Federation has raised its 2018 sales forecast to a minimum of 4.5%, Logistics Management reports. Increased optimism was a result of “positive economic inputs,” including the effects of tax reform.

Import Prices 

And finally, an economic update: U.S. import prices fell 0.3% in July, The Wall Street Journal reports, after posting a similar drop in June. Escalating trade disputes were expected to drive up the cost of imports this summer, but a rally in the dollar has offset those increases.

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