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Proactis buys the EGS group, Clear Invoices for GBP 2.8 million

Proactis buys the EGS group, Clear Invoices for GBP 2.8 millionProactis Holdings, a specialist spend control software provider, has acquired the EGS Group for  £2.9million. EGS group is also active in the e-invoicing arena with Clear Invoices. It is said that the enlarged group will be the largest independent e-procurement service provider for the UK public sector.

For the year to 31 December 2012, EGS reported a turnover of £2.8million, with an operating profit of £404,000. EGS now has more than 70 clients, principally in the public sector, that use the EGS software to control more than £2.5billion of spend through 40,000 active suppliers.

Proactis chief executive Rod Jones said: “EGS is an excellent strategic fit for Proactis creating what I believe will be the largest independent eprocurement solution provider in the public sector specifically and the UK market generally. Its substantial scale, level of profitability and available synergies will immediately benefit the wider Proactis business.”


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