An Insight Into The Proactis - Perfect Commerce Reverse Takeover


Manage episode 185460889 series 1055745
By and Jon Hansen. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
PROACTIS, the Wetherby-based provider of spend management solutions, recently completed the reverse takeover of US-based Perfect Commerce, LLC for an aggregate consideration of up to $132.5 million (approximately £102.4 million). It has been reported that the acquisition will significantly "accelerate PROACTIS’ growth strategy and its geographic footprint" through Perfect Commerce's "global reach" as the latter has operations in the US, UK, and Europe. But what does this expanded combined footprint really mean? Joining me today to talk about the new Proactis is CFO Tim Sykes. During this 30 minute interview, we will focus on the following three key points; Solution synergyThe new company cultureBiggest challenges and opportunities

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