Proposed Acquisition of Perfect Commerce

Perfect Commerce today announces PROACTIS, a global Spend Control and eProcurement solution provider, has conditionally agreed to acquire all of the outstanding membership interest in Perfect Commerce, for an aggregate consideration of up to $132.5 million (approximately £102.4 million).

Hamp Wall, President and Chief Executive Officer of Perfect Commerce, commented: “We are excited to be joining PROACTIS at a time of such rapid innovation in the industry. We have a highly complementary product set, customer base and geographic reach and we look forward to offering our customers an enhanced product offering.”

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