Acquisition boosts software firm’s revenue and profit but challenges remain
Software provider Proactis Holdings is expecting to report substantial increases in revenue and profit, boosted by the contribution of a firm it acquired for £94.3m last year, but said challenges in other parts of the business remain.
The acquisition of Perfect Commerce, creating the fifth largest player in the market by revenue, has prompted the Wetherby-based business to expect revenue of approximately £52.0m, up from £25.4m in 2017, and adjusted profit before tax of £11m, up from £5.1m.
However, the group said it contin... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...