Divestiture • Internet Software and Services

PROACTIS Holdings Acquires Due North

On February 3, 2016, PROACTIS Holdings acquired internet software and services company Due North from Pulsar Group for 5M GBP

Acquisition Context
  • This is PROACTIS Holdings’ 2nd transaction in the Internet Software and Services sector.
  • This is PROACTIS Holdings’ 3rd largest (disclosed) transaction.
  • This is PROACTIS Holdings’ 5th transaction in the United Kingdom.

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M&A Deal Summary

Date February 3, 2016
Target Due North
Sector Internet Software and Services
Buyer(s) PROACTIS Holdings
Sellers(s) Pulsar Group
Deal Type Divestiture
Deal Value 5M GBP

Target Company

Due North

Stannington, United Kingdom
Due North Ltd. is a provider of cloud based strategic sourcing solutions to the public sector. Due North Ltd. was established in 2002 and is headquartered in Stannington, England.
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Buyer Overview 1

Buyer

PROACTIS Holdings

Wetherby, United Kingdom

Category Company
Founded 1996
Sector Information Technology
Employees516
Revenue 50M EUR (2020)
DESCRIPTION

PROACTIS Holdings is a spend control and eProcurement solution provider. PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure. PROACTIS Holdings was founded in 1996 and is based in Wetherby, the United Kingdom.


Deal Context for Buyer #
Overall 6 of 9
Sector: Internet Software and Services 2 of 4
Type: Divestiture 1 of 1
Country: United Kingdom 5 of 6
Year: 2016 1 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Intelligent Capture

Telford, United Kingdom

Intelligent Capture Ltd. is a provider of document scanning and optical character recognition services.

Buy £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 Millstream Associates

Aberdeen, United Kingdom

Millstream Associates Ltd. is a provider of eProcurement systems and services to the public sector. Over 4,000 customers for its Tenders Direct product and over 50 public sector customers and more than 500 contributors for its bespoke portals and myTenders products.

Buy £16M

Seller Profile 1

SELLER

Pulsar Group

London, United Kingdom

Category Company
Founded 2003
Sector Internet Software and Services
Employees941
Revenue 62M GBP (2024)
DESCRIPTION

Pulsar Group is a Software as a Service (SaaS) businesses that deliver comprehensive compliance solutions for both the public and private sectors. Pulsar Group was founded in 2003 and is based in London, the United Kingdom.


Deal Context for Seller #
Overall 2 of 3
Sector: Internet Software and Services 1 of 2
Type: Divestiture 2 of 3
Country: United Kingdom 2 of 3
Year: 2016 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-21 Willow Starcom

Chorley, United Kingdom

Willow Starcom Ltd. is a provider of remotely managed, on-premise and cloud-hosted IT support solutions together with related hardware, software support and consultancy.

Sell £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 AI ControlPoint

London, United Kingdom

AI ControlPoint Ltd. is a provider of cloud based Crisis and Incident Management solutions to highly regulated industries such as Oil and Gas, Aviation and Local Government.

Sell -