Encouraging position reported for Proactis in interim results

29 April 2019 - Proactis, the global spend management and B2B eCommerce company, today announced its interim results for the six-month period ended 31 January 2019.

Deal intake has been strong, with 34 new names and 54 upsell deals with a combined total contract value of £6.1m (31 January 2018: £5.6m). Reported revenue increased to £27.7m (31 January 2018: £26.4m).

"This set of results is the culmination of a number of the previously reported issues facing the US, French and German parts of the Group, however much work has been undertaken and we are pleased to share the outcome of our review of operations with shareholders today,” stated Tim Sykes, Chief Executive Officer.

"We are focused on executing on our plan and are confident that we have made significant steps in our journey to return the whole of the Group to its attractive core characteristics. We have a proven proposition to address a large and growing market, and we are confident that this will drive growth going forward after a period of stabilization."

View the interim results
Proactis: quick facts
1,000+
enterprise clients
3 million+
users
2 million+
suppliers
450+
employees
100+
countries served
Worldwide
operations