Subject to General Meeting, Proactis has undertaken a £70m placing and £99m acquisition of Perfect Commerce, a US-based spend management solution provider. The increased scale offers enhanced growth opportunities, extending current UK focus deeper into the US, and mainland Europe; broadens the tier 2 customer base into tier 1; extends the UK public sector focus into the private sector; adds material supplier-led revenue to the buyer-led revenue model with Perfect Commerce’s
07 Jul 2017
Perfect deal
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Perfect deal
- Published:
07 Jul 2017 -
Author:
Andrew Darley -
Pages:
24
Subject to General Meeting, Proactis has undertaken a £70m placing and £99m acquisition of Perfect Commerce, a US-based spend management solution provider. The increased scale offers enhanced growth opportunities, extending current UK focus deeper into the US, and mainland Europe; broadens the tier 2 customer base into tier 1; extends the UK public sector focus into the private sector; adds material supplier-led revenue to the buyer-led revenue model with Perfect Commerce’s