Proactis completes acquisition
PROACTIS, the Yorkshire spend control software provider, today announced its has completed its acquisition of Intesource.
Following its acquisition of EGS Group in February,the Wetherby-based business said the deal, for $3.9m, will increase the group’s scale and profitability, and provide a substantial footprint in the US market.
US headquartered Intesource is a provider of e-auction services.
Proactis said the deal offers strong opportunities to cross-sell its own complementary product suite and operational savings are expected through the consolidation of elements of its existing operations in the US.
Rod Jones, chief executive of Proactis, said: “I am very pleased to announce the completion of the Intesource acquisition. It provides the company with increased scale, profitability and a substantial footprint in the US market. In addition, it will bring over 25 new clients and significant scope for cross selling opportunities.
“The reverse e-auction offering, delivered as true SAAS, is complementary to the group’s current service and software suite and bolsters the group’s existing strong offering. We look forward to continuing to update the market with our progress and delivering excellent service to our customers.”
