IN BRIEF: Proactis Inks Contract With Major German DIY Retailer

Proactis Holdings PLC - Wetherby-based cash management software company - Signs three-year ...

Alliance News 30 November, 2020 | 4:20PM
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Proactis Holdings PLC - Wetherby-based cash management software company - Signs three-year contract with unnamed "major" German retailer to provide a business spend management solution. States solution will be initially deployed in Germany before being rolled out into new territories through Central and Eastern Europe.

No financial details of the deal were disclosed.

"The fact Proactis has been selected by a major German multi-national retail business demonstrates the quality of our offering. The win is further validation of our new go-to-market strategy in Germany and highlights the relevance of our solution for that market. We are excited to establish a long-term partnership with this customer and look forward to supporting its deployment of our software throughout Europe," says Chief Executive Tim Sykes.

Current stock price: 40.50 pence

Year-to-date change: down 16%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
PROACTIS Holdings PLC 47.00 GBX -1.05 -

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