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Ideagen makes US$7mln swoop for US software group

The company is buying InspectionXpert which is expected to turn over US$2.8mln
Ideagen makes US$7mln swoop for US software group
The US inspection specialist's customers include NASA and Boeing

Software group Ideagen plc (LON:IDEA) is acquiring US firm InspectionXpert for up to US$7mln.

With 1,000 customers, including Boeing and NASA, the digital inspection specialist is expected to turn over US$2.8mln this year, all bar US$100,000 of which will be recurring.

"IX is a valuable addition to Ideagen and is in line with our strategy of acquiring businesses that have strong IP and healthy recurring revenues,” said chairman David Hornsby.

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Ideagen plc Timeline

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January 26 2016
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November 19 2015

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