Wetherby’s PROACTIS Holdings sees “record levels of growth” following trio of acquisitions

PROACTIS Holdings (the group), the Wetherby-headquartered specialist Spend Control software provider, has reported “record levels of growth” in its results for the year ending 31 July 2015.

PROACTIS reported revenues saw a 69% increase to £17.2m (2014: £10.2m) with the group’s acquisitions, all three of which are in their first full year within PROACTIS, contributing £7.7m (2014: two acquisitions for part of the year, contributed £1.7m).

The group’s three acquisitions consist of; EGS Group Limited (completed in Feb 2014) Intesource Inc (June 2014) and Intelligent Capture Limited (August 2014).

PROACTIS’ M&A strategy began during the prior financial year and as a result, the firm’s reported revenues have increased at a two year cumulative average growth rate of 46%.

As for the coming year, PROACTIS plans to maintain this growth by pursuing its M&A strategy, with the group already investigating a pipeline of opportunities which fit within its acquisition criteria.

Rod Jones, CEO commented: “The results we are reporting today illustrate that the Group’s market leading proposition is strong and we are realising the benefits of our growth strategy and revised business model. The Group is achieving record levels of growth, both organically and through its M&A strategy, underpinned by high levels of visibility through recurring contracted income and strong operating margins.

“M&A will remain a fundamental part of the Group’s growth strategy over the coming year and I look forward to further substantial activity in this area. Alongside this, I am also pleased to report that there is a high level of interest from our client base in realising the substantial efficiencies available to them and their suppliers through the supplier networking capability that the Group has built. The Group is marketing this exciting opportunity to further accelerate growth and I look forward to commercial traction in the short term.

“Operating in a growing global market with leading solutions, the Group is well positioned for the coming year and we look forward to driving further value for our shareholders.”

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