Its clients use Due North's hosted software to control an estimated £100 billion of spend through approximately 200,000 active suppliers by approximately 20,000 procurement professionals.
Due North's expertise in the UK Public sector is complementary to PROACTIS' business and the combination offers the opportunity for Due North's clients to access the broader solutions offered by PROACTIS, as well as substantial operational synergies in the short and medium term.
Rod Jones, CEO of PROACTIS, commented: "I am delighted to announce the acquisition of Due North which is an excellent strategic fit – consolidating the Group's position as the largest independent eProcurement solution provider in the UK market. Due North's market penetration is substantial and should immediately benefit the wider PROACTIS business. I look forward to working with the team at Due North to grow the business and provide the wider client base with our end to end solutions."
Read the RNS Announcement here