Ideagen Boosts Offering with Two More Strategic Acquisitions
Leading provider of software solutions to companies operating in highly regulated industries, Ideagen PLC, has today announced it has made a further two acquisitions to increase its product offering.
Ideagen’s strategy has been to grow geographically and by sector expertise and these two acquisitions are very much in line with that strategy, as they significantly add to Ideagen’s product offering and capabilities.
The first acquisition, which was completed on Jul 9, is OpsBase, a UK-based health and safety compliance platform. The OpsBase platform will be a significant ad-on to Ideagen’s existing QHSE portfolio of products and will open up new market opportunities to the business.
The second acquisition, which was completed on Jul 16, is Mi-Co, a US-based low- and no-code mobile app developer. Mi-Co currently has c150 customers working in highly regulated industries, including agriculture, government and utilities. This acquisition significantly strengthens Ideagen’s mobile app capabilities, and the product will be deployed across Ideagen’s product suite in order to enhance the customer experience and extend product functionality. Ideagen will also continue to sell the product on a stand-alone basis.
CEO of Ideagen, Ben Dorks, said: “These acquisitions underline our commitment to supporting customers operating in highly regulated environments with high quality software solutions across a range of platforms. Whilst relatively small in financial terms, they are both strategically compelling. They illustrate our flexible approach to M&A and our strategy of acquiring businesses that will drive Ideagen’s organic growth. We also have a strong pipeline of further M&A opportunities.”
ENDS
Notes to Editors
Further information about Ideagen’s recent performance will be provided at the Annual Results announcement on Jul 22.
For more information contact:
Heather Astbury, heather.astbury@ideagen.com, +447340158049
About Ideagen
Ideagen’s software helps companies comply with regulation and manage risk.
Ideagen is a leader in the £3 billion regulatory and compliance software market, serving highly regulated industries such as life sciences, healthcare, banking and finance and insurance. Ideagen has made 21 acquisitions to build its market leadership.
More than 6,000 organisations use Ideagen's software, including nine of the top 10 UK accounting firms, all of the top aerospace and defence companies and 75% of leading pharmaceutical firms.
Ideagen has a diversified customer base including blue chip, global brands such as Heineken, British Airways, BAE, Aggreko, US Navy, Bank of New York and Johnson Matthey, as well as 250 hospitals across the UK and US.
Ideagen is headquartered in the UK, listed on the London Stock Exchange AIM market (Ticker: IDEA.L), and has key hubs in the UK, EU, US, Middle East and South East Asia. For further information please visit www.ideagen.com.
