News Column

United States : PROACTIS signs a "landmark agreement

June 26, 2014

A "landmark agreement" is signed by E-procurement business Proactis with one of the top 15 US regional banking corporations.

The Wetherby business stated that the agreement with Fifth Third Bank has the potential to produce revenue in excess of $2m over its 5 year term.

Based on the revenue that it hope to produce in the year ending 31 July 2015, Proactis at present expects that its revenues and profits will go beyond present market expectations for that period.

The agreement commits Ohio-headquartered Fifth Third to an element of Proactis' end-to-end spend control and E-procurement systems.

Proactis chief executive Rod Jones said, "We are delighted to have signed this deal which represented a milestone in the Company's US growth .

"We have a great solution which we believe can help Fifth Third realise its investment in a very short space of time. Our client focussed approach and our geographic reach means we can serve Fifth Third exceptionally well and I am looking forward to broadening the relationship in the fullness of time."

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Source: TendersInfo (India)

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