PROACTIS Blog

A Good Strategic Move – PROACTIS to Acquire US eAuction Company Intesource

Charlotte Sutton
Charlotte Sutton,
PROACTIS
Earlier this week PROACTIS announced an agreement to acquire sourcing specialist Intesource (one of the few providers that offers an unmetered full-service sourcing suite going beyond just eSourcing software to include services ranging from: category discovery, supplier discovery and sourcing strategy to; event build & execution, specification optimisation, award management, community events and more.)
Earlier this week PROACTIS announced an agreement to acquire sourcing specialist Intesource (one of the few providers that offers an unmetered full-service sourcing suite going beyond just eSourcing software to include services ranging from: category discovery, supplier discovery and sourcing strategy to; event build & execution, specification optimisation, award management, community events and more.)

The analysts like the strategic move by all accounts - click here to see more.

Yes, this is exciting news and the second PROACTIS acquisition in 2014 (the first being EGS in January) which further strengthens the PROACTIS position as a global eProcurement vendor.

The strategic fit of Intesource and PROACTIS looks compelling in a number of ways:
  1. Intesource will add additional expertise and footprint in the US market (PROACTIS growing US client base already includes one of the world’s largest hedge funds providers, Fortune 100 organisation, Central Government Agency, and a string of multi-location commercial and non-profit organisations – implementations targeting multiple Source-to-Settle or Procure-to-Pay business processes and typically achieving a large % of spend under management)
  2. Intesource recognised expert reverse eAuction offering, delivered as true SaaS (Software-as-a-Service) is complimentary to PROACTIS existing service and software suite – a complete end-to-end suite of Supplier Information Management, SRM, Contract Management, Sourcing, Supplier Content Management, Purchase-to-Pay, eInvoicing solutions in a single cloud platform).
  3. Intesource clients will now have access to the broader capability of PROACTIS solutions.

Interesting times ahead for sure! PROACTIS reported record revenues for the year ended 31 July 2013 and it is scheduled to deliver further growth in its current financial year. We are delighted to have identified such a strong partner as Intesource for our second acquisition.