PROACTIS, a global Spend Control and eProcurement solution provider, today announced it has been named to Apps Run Cloud Top 500 list as one of the biggest Cloud applications vendors in the world based on its Cloud subscription revenues.
The Cloud Top 500
are leaders amongst their peers with innovative new approaches and technologies. Vendors are selected based on an assessment of detailed financial, product and customer information.
“The Group’s scale and growth rate have been transformed during 2015,” said Simon Dadswell, Group Marketing Director at PROACTIS. “The Group’s strategy is driven by the delivery of best in class Spend Control solutions for its customers, and selected M&A based activity with a focus on complimentary customer bases, solutions and technology. Acquisition integration programmes are progressing well, and the opportunities to offer our clients a wider service are being realised.”
The Cloud Top 500 Procurement sub-category covers applications designed for purchasing goods and services. Other functions include contract management, electronic network, punch-out, sourcing, and supplier rating to optimise the overall supplier relationship management business processes.
In a recent trading update for the year ended 31 July 2015, PROACTIS Holdings PLC reported revenue increase of c.69% to approximately £17.2m (2014: £10.2m) and adjusted EBITDA increasing by c.130% to approximately £4.6m (2014: £2.0m).
For more information on how PROACTIS is helping organisations to automate, streamline, and standardise the many different activities in Spend Control visit: proactis.com