Perfect Commerce to be Acquired by Proactis

According to the press release issued today, the proposed acquisition of Perfect Commerce is “Transformational” and will significantly accelerating PROACTIS’ strategy.

Here’s the rest of the press release:

PROACTIS, a global Spend Control and eProcurement solution provider, today announces that it has conditionally agreed to acquire all of the outstanding membership interest in Perfect Commerce, a global provider of spend management solutions with operations in the US, UK and Europe, for an aggregate consideration of up to $132.5 million (approximately £102.4 million). It has complementary territorial reach with extensive international capabilities serving approximately 150 customers (largely Tier 1), with over 1.3 million users across more than 80 countries, 20 languages and 100 currencies.

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