M&A Deal Summary

PROACTIS Holdings Acquires Perfect Commerce

On July 7, 2017, PROACTIS Holdings acquired information technology company Perfect Commerce for 133M USD

Acquisition Highlights
  • This is PROACTIS Holdings’ 2nd transaction in the Information Technology sector.
  • This is PROACTIS Holdings’ largest (disclosed) transaction.
  • This is PROACTIS Holdings’ 2nd transaction in the United States.
  • This is PROACTIS Holdings’ 1st transaction in Virginia.

M&A Deal Summary
Date 2017-07-07
Target Perfect Commerce
Sector Information Technology
Buyer(s) PROACTIS Holdings
Deal Type Add-on Acquisition
Deal Value 133M USD

Target

Perfect Commerce

Newport News, Virginia, United States
Perfect Commerce is a global provider of spend management solutions with operations in the US, UK and Europe. Company develops and sells cloud-based, technology-led, spend management solutions for the public and private sector markets.

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Buyer(S) 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 STATS #
Overall 8 of 9
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 7 of 8
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Esize Netherlands B.V.

Weesp, Netherlands

Esize Netherlands B.V. is a provider of cloud-based spend management solutions. Esize offers a powerful combination of procurement & financial knowledge and software development expertise. Esize Netherlands B.V. was founded in 1999 and is based in Weesp, Netherlands.

Buy -
Mergr

Product

Company

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