Proactis sees healthy deal activity as it looks to India project

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Software firm Proactis reported robust deal activity with 15 new deals signed in the six months to January 31 and strong customer loyalty with 29 upgrades.

The Wetherby-based firm reported a seven per cent increase in reported revenue to £3.9m over the period.

Underlying operating profits fell from £196,000 to £143,000 and pre-tax profits fell to £16,000, down from £132,000, due to higher administration costs and accounting changes.

Earlier this month, Proactis launched a joint venture in India.

The Wetherby-based company said Indian businesses are trying to compete on a global basis by improving the transparency and reliability of their procurement processes. They are also keen to increase profits by reducing costs.

Proactis designs and licenses software for businesses and organisations to cut the cost of procurement.

The joint venture operation, called Proactis Total Procure Private Limited (PTP), will provide outsourced procurement services to the Indian market.

Chief executive Rod Jones said: “I am excited about the progress of the group’s operation in India, albeit at this early stage.

“The proposition of providing procurement services using the group’s software as a platform is significant.”

Proactis has two joint venture partners, giving it access to key decision makers.