Strategic Contract Win

23 September 2019

RNS Reach

Proactis Holdings PLC

Strategic Contract Win

Proactis, the global spend management company, is pleased to announce that it has signed a long-term contract with DIWIDAG Systems International in Germany.

As announced at the time of the Interim Results during April 2019 the Group took a strategic decision to focus more tightly on a specific market segment with a focussed product portfolio with a view to improving its new business performance in the US, France and Germany.

This contract win represents a strategically important milestone, being the first new customer in Germany to sign up under that new strategy. This demonstrates the capability of its marketing and sales team to align its efforts to the needs of customers within that specific market segment and the suitability of the focussed product portfolio for that market segment.

Tim Sykes, Chief Executive Officer, commented:

"We are delighted to have won our first customer in Germany under the new strategy outlined during April 2019.

We believe it is an early validation of our strategy to focus on a specific market segment in all of the geographies where we compete and that our product portfolio is a highly relevant proposition to that segment.

Further, our teams are very capable and are adapting well to the new strategy as we seek to build equivalent new business performance in Germany, France and the US to that which we already achieve in the Netherlands and the UK."

Kathrin Kuropka, Supply Chain Management EMEA, DYWIDAG, Commented:

"We are very much looking forward to realising the benefits of the Proactis solution as we strongly believe that the product perfectly aligns to our needs".

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Notes to Editors:

Proactis creates, sells and maintains software and services which enable organisations to streamline, control and monitor all indirect expenditure. Its solutions are used in approximately 1,000 buying organisations around the world from the commercial, public and not-for-profit sectors.

Proactis floated on the AIM market of the London Stock Exchange in June 2006.

DYWIDAG-System International ("DSI") is a global supplier of innovative products and systems for the construction industry and is organised into four business segments: Post-Tensioning, Geotechnical applications, Global Services and Concrete Accessories.

The history of DSI dates back to 1865. Today, the company develops, manufactures and supplies systems in more than 90 countries and has 28 regional production sites. DSI is owned by the global investment company Triton since 2011.

The company has 1,390 employees and a revenue of €340 Million (2018).