TIDMPHD

PROACTIS Holdings PLC

03 June 2014

 
 Date:              3 June 2014 
 On behalf of:      PROACTIS Holdings PLC ("PROACTIS" the "Company" 
                     or "the Group") 
 Embargoed until:   0700hrs

PROACTIS Holdings PLC

Awarded GCloud V Framework Agreement

PROACTIS Holdings PLC ("PROACTIS", the "Company" or "the Group), the specialist Spend Control solution provider, is pleased to announce that it has been awarded the latest Government GCloud V Framework, enabling it to deliver cost effective Spend Control and eProcurement solutions directly to Government, Health and Education organisations.

The UK Government GCloud is a supplier framework specialising in IT services using Cloud computing. Under a Government run 'Cloud First' policy, public sector organisations have been issued with a mandatory requirement to fully evaluate Cloud solutions before other technology solutions. PROACTIS was chosen to join the framework following a stringent due diligence process evaluating the Group's offering, expertise and pricing.

PROACTIS has been delivering cloud-based spend control and e-procurement solutions since 2000 and already helps over 200 Public Sector organisations, controlling over GBP15bn of public spending across a vast number of suppliers to reduce costs, increase efficiencies and mitigate supplier risk.

Rod Jones, CEO of PROACTIS Holdings commented:

"I am very pleased to announce our newly awarded position on the framework, which illustrates the strength and effectiveness of our Cloud based software solutions and supports our organic growth strategy. We are proud to be the largest independent solution provider to the UK Public Sector, and look forward to assisting our customers as they continue to drive efficiencies, reduce costs and mitigate risk in their procurement processes."

Enquiries:

 
 PROACTIS Holdings PLC 
 Rod Jones, Chief Executive Officer     Via Redleaf Polhill 
  Tim Sykes, Chief Financial Officer 
 Redleaf Polhill 
 Rebecca Sanders-Hewett 
  Jenny Bahr 
  Rachael Brown                         0207 382 4730 
 
 finnCap Limited 
  Stuart Andrews 
  Charlotte Stranner                    0207 220 0500

Notes to Editors:

PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. PROACTIS is used in over 400 organisations around the world from the commercial, public and not-for-profit sectors.

PROACTIS is head quartered in Wetherby, West Yorkshire. It develops its own software using an in-house team of developers and sells through both direct and indirect channels via a number of Accredited Channel Partners.

PROACTIS floated on the AIM market of the London Stock Exchange in June 2006.

CLOUD COMPUTING is defined as location-independent computing, whereby shared servers provide resources, software, and data to computers and other devices on demand, as with the electricity grid.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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