PROACTIS Holdings PLC Strategic Contract Win

TIDMPHD

PROACTIS Holdings PLC

30 November 2020

Proactis Holdings PLC

Strategic Contract win

Proactis Holdings PLC, ("Proactis", the "Group" or the "Company"), the business spend management solution provider, is pleased to announce that it has signed a 3-year contract with a major German DIY retailer to provide its business spend management solution.

As announced previously, the Group adopted a new go-to market strategy for each of its US, France and Germany territories which is designed to replicate that of the UK and Netherlands. This contract win represents a strategically important milestone, being the second new customer in Germany to sign up under that new strategy.

The solution will be deployed in Germany initially before being rolled out into new territories through Central and Eastern Europe.

Tim Sykes, Chief Executive Officer at Proactis, commented:

"The fact Proactis has been selected by a major German multi-national retail business demonstrates the quality of our offering. The win is further validation of our new go-to-market strategy in Germany and highlights the relevance of our solution for that market. We are excited to establish a long-term partnership with this customer and look forward to supporting its deployment of our software throughout Europe."

For further information, please contact:

 
 Proactis Holdings PLC                        01937 545070 x1115 
 Tim Sykes, Chief Executive Officer           investorcontact@Proactis.com 
  Richard Hughes, Chief Financial Officer 
 finnCap Ltd 
  Carl Holmes/Emily Watts/Matthew Radley - 
  Corporate Finance 
  Andrew Burdis/Richard Chambers - ECM          0207 220 0500 
 Alma PR 
 Rebecca Sanders-Hewett/Sam Modlin/David      020 3405 0205 
  Ison                                         Proactis@almapr.co.uk

Notes to Editors:

Proactis creates, sells and maintains software and services which enable organisations to streamline, control and monitor all indirect expenditure. Its solutions are used in approximately 1,100 buying organisations around the world from the commercial, public and not-for-profit sectors.

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