PROACTIS News

Proposed Acquisition of Perfect Commerce

Transformational acquisition, significantly accelerating PROACTIS' strategy
PROACTIS, a global Spend Control and eProcurement solution provider, today announces that it has conditionally agreed to acquire all of the outstanding membership interest in Perfect Commerce, a global provider of spend management solutions with operations in the US, UK and Europe, for an aggregate consideration of up to $132.5 million (approximately £102.4 million). It has complementary territorial reach with extensive international capabilities serving approximately 150 customers (largely Tier 1), with over 1.3 million users across more than 80 countries, 20 languages and 100 currencies.

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