Published on: August 12, 2016
PROACTIS is a rare breed – it is profitable, cash generative and fastgrowing, and has developed a major new market opportunity that extends its core spend control software to supplier interaction and commerce. We believe that the group exhibits strong resilience whilst offering significant upside to earnings if the emerging opportunities can be exploited. This initial note summarises the business and outlines where we believe the upside potential lies. Over the coming year we will examine these major growth drivers in more detail.