Proactis to Buy EGS: Initial Thoughts [Plus+]

We only launched our Spend Matters Solution Provider Stock Portfolio a couple of weeks ago, but it has already had a galvanising effect on the market, with the first acquisition involving one of the firms in the Portfolio announced last week. Of course, I’m only joking about the cause and effect, but the acquirer is Proactis, the UK-based software firm that’s had past issues with their major investor, largely because of a lack of corporate activity. Since then, Proactis announced a couple of what could be very interesting and worthwhile ventures in India, and produced steady but largely unexciting annual results.

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