Frank from MapleDots found this one, Perfect.com redirects to Proactis.com. Now this is not a new name, Proactis is a public company out of the U.K.
They acquired Perfect Commerce in 2017.
U.K.-based spend management and e-procurement solution provider Proactis announced Friday it’s snapping up Perfect Commerce, a U.S.-based source-to-pay (S2P) provider.
Assuming shareholder approval, the new company, which will be called Proactis, will be one of the largest global cloud-based spend management companies, according to the announcement.
The $132.5 million deal (in aggregate consideration) roughly doubles Proactis’ revenue. Proactis is running at roughly £25 million in its current fiscal year, while Perfect Commerce exceeds a $35 million annual run rate, making the deal a reverse takeover, of sorts.
Perfect’s CEO Hampton (“Hamp”) Wall is taking the helm, while long-time Proactis CEO Rod Jones will be stepping down (as he announced a few months back) and handing over the keys of the portfolio. Tim Sykes, Proactis’ CFO, will remain in that role.
The merger is the latest move in an ongoing acquisition-based global growth strategy for Proactis, which has acquired Intesource, EGS, Intelligent Capture, Due North and Millstream within the past three years. Perfect Commerce has previously acquired Hubwoo, Commerce One and eScout. You can see Spend Matters coverage on Proactis’ and Perfect Commerce’s previous acquisitions below:
So now Perfect.com is redirecting, I am sure they get offers for the domain name and now they can sell it if they like after the transition period.
They have a note on their website
Perfect Commerce has been part of the Proactis group since 2017. The integration of Perfect Commerce solutions into the Proactis suite gives our customers enhanced end-to-end Spend Management and B2B eCommerce solutions across the globe.
For existing Perfect Commerce or Proactis customers, you get all the great features you’re used to plus access to new modules and enhancements designed to give you an even better end-to-end experience!
From a branding standpoint would they be better moving forward as Perfect.com?