Listed software provider signs deal with £300m turnover business

Global spend management firm Proactis has signed a long-term contract with DYWIDAG Systems International, in Germany.

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

DYWIDAG Systems International (DSI) is a global supplier of products and systems for the construction industry. It develops, manufactures and supplies systems in more than 90 countries and has 28 regional production sites. DSI has been owned by the global investment company Triton since 2011.

The company has 1,390 employees and recorded a 2018 revenue of €340m. (£300m)

Wetherby-based Proactis explained this contract win represents a”strategically important milestone”, being the first customer in Germany to sign up under its new strategy.

Tim Sykes, Chief Executive Officer, said: “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 plan 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 at DYWIDAG, said: “We are very much looking forward to realising the benefits of the Proactis solution, as we strongly believe the product perfectly aligns to our needs.”

Proactis creates, sells and maintains software and services which enable organisations to streamline, control and monitor all indirect expenditure.

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