PROACTIS Holdings PLC Strategic Contract Win
February 10 2021 - 2:00AM
RNS Non-Regulatory
TIDMPHD
PROACTIS Holdings PLC
10 February 2021
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 an
oil and gas services business in North America. This contract win
represents a strategically important milestone for the Company,
being the first new customer in North America to sign up under the
Group's new go-to market strategy.
The customer, which provides coil tubing needs to oil drilling
companies across six locations in North America, has selected
Proactis to deliver its sourcing and supplier management
requirements.
As announced previously, the Group adopted a new go-to market
strategy for each of its US, France and Germany territories
designed to replicate that of the UK and the Netherlands. This
contract builds upon the contracts signed in France and
Germany.
Tim Sykes, Chief Executive Officer at Proactis, commented:
" We are delighted to have been selected following our successes
in France and in Germany. We have now demonstrated that our go to
market strategy, our positioning and our solutions are relevant for
our target market segment in each of the territories that we
operate in. Whilst conscious that the pandemic continues to impact
the pace of our progression, we grow more confident in our
assessment that the market opportunity for Proactis in each of the
US, France and Germany is as great as it is in the UK and the
Netherlands."
For further information, please contact:
Proactis Holdings PLC
Tim Sykes, Chief Executive Officer 01937 545070 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 020 3405 0205
Sam Modlin/David 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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END
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