Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

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.

View full IDEA profile View Profile

Ideagen plc Timeline

January 26 2016
November 19 2015

Related Articles

Digital Marketing
June 22 2018
Heavy investment in its IMPACT platform appears to be paying off for the group, who revealed in June that it had been deployed during the launch of the Samsung S9 phone
Apps on a smartphone
July 06 2018
“As of today, appScatter tracks 1.2bln app URLs, from 10.7mln apps and 2.9mln publishers,” chairman Clive Carver told shareholders at the AGM in June
The glass facade of a high-rise building
June 11 2018
The analysts say the Canadian firm has a 'disruptive suite of solutions' for the real estate industry in North America

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use