Leading provider of software solutions for highly regulated industries, Ideagen PLC, has made two acquisitions to increase its product offering.
Ideagen PLC (LSE:AIM:IDEA)
NOTTINGHAM, UNITED KINGDOM, July 19, 2021 /EINPresswire.com/ — 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.
Ideagenâ€™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 Ideagenâ€™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 Ideagenâ€™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 Ideagenâ€™s mobile app capabilities, and the product will be deployed across Ideagenâ€™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: â€œThese 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 Ideagenâ€™s organic growth. We also have a strong pipeline of further M&A opportunities.â€�
Notes to Editors
Further information about Ideagenâ€™s recent performance will be provided at the Annual Results announcement on Jul 22.
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