RNS Number:3198M
PROACTIS Holdings PLC
20 November 2006



For immediate release                                           20 November 2006

                             PROACTIS Holdings PLC
                   ("PROACTIS", the "Group" or the "Company")

                            Acquisition of Requisoft

PROACTIS, the specialist Spend Control software provider, today announces that
it has completed the purchase of the entire issued share capital of Requisoft
plc ("Requisoft"), an e-procurement software solutions company specialising in
the SME sector, for a consideration of #0.8 million.

The consideration will be satisfied by #0.6 million in cash and #0.2 by way of a
loan note. In addition, and dependent on financial performance from completion
to 31 July 2007, an additional consideration of #0.3m may be paid by way of a
second loan note.

Requisoft, based in the West Midlands, provides services to a strong customer
list in both the private and public sector. These include ABN Amro, Clifford
Chance, Air Mauritius, the Army Technical Support Agency, Banco IMI London, City
of London Police, BT Syntegra, Cap Gemini, Foreign & Commonwealth Office, GNER,
HM Treasury, Herbert Smith, Craegmoor Healthcare and John Lewis Partnership. For
the six months ended to 30 September 2006, Requisolft had a turnover of #0.4m on
which it returned an operating loss of #0.1million; gross assets at that date
were #0.2m.

All existing employees and members of the management team are transferring with
Requisoft following the purchase including the founders Neil Patterson and
Neville Howarth.

Rod Jones, PROACTIS' Chief Executive Officer commented:
"Requisoft is an excellent purchase for PROACTIS, fulfilling all our investment
criteria. It has a strong business pipeline, a stable maintenance revenue stream
and a strong customer base which can be converted easily to the PROACTS
solution. Requisoft is an excellent brand and will enhance our access to the SME
sector."

                                    - ends -

Enquiries:

PROACTIS                                                           01904 481 999
Rod Jones, Chief Executive
Weber Shandwick Square Mile                                        020 7067 0700
Nick Oborne / John Moriarty / James White

Notes to Editors:

PROACTIS creates, sells and maintains specialist software under the brand
PROACTIS P2P, which enables organisations to streamline, control and monitor all
internal and external expenditure, other than payroll. PROACTIS P2P is already
used in over 70 organisations in the UK from the commercial, public and
not-for-profit sectors.

PROACTIS is a profitable, high growth business operating from York. It is a
sales led organisation with a marketing strategy involving a mix of selling
direct and selling through a number of Accredited Channel Partners. PROACTIS
develops all of its own software with its own in-house team of developers.

PROACTIS floated on the AIM market of the London Stock Exchange in June 2006



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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