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IDEA Ideagen Plc

349.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ideagen Plc LSE:IDEA London Ordinary Share GB00B0CM0C50 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 349.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ideagen PLC Re £4.9m Contract and Trading Update (5007S)

18/03/2016 7:00am

UK Regulatory


Ideagen (LSE:IDEA)
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TIDMIDEA

RNS Number : 5007S

Ideagen PLC

18 March 2016

18 March 2016

Ideagen PLC

("Ideagen," "the Company" or the "Group")

Re GBP4.9m Contract and Trading Update

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, is pleased to confirm that it has now signed a definitive contract following an Award Decision Notice as announced on 19 November 2015. The contract is worth GBP4.9m over 5 years.

The contract is for the supply of the Group's SaaS based GRC platform, Enlighten. Enlighten will provide an incident management solution to over 70,000 users in the UK.

The Board is also pleased to report that trading in the second half of the year has remained strong with full year revenues and adjusted EBITDA expected to be significantly ahead of last year and in line with market expectations.

David Hornsby, Chief Executive Officer of Ideagen, commented: "I am pleased to report that the strong trading momentum as reported in our half year results has continued into the second half of the current year. We continue to see strong new business demand for the Group's Governance, Risk and Compliance (GRC) products, and the pipeline of opportunities with existing customers continues to build.

"We are also delighted to have now received the major contract for our recently launched SaaS-based platform, Enlighten, which is testament to our product innovation and our ability to successfully engage in large bids. The Board remains confident in the Group's growth prospects."

Enquiries:

 
Ideagen plc                      01629 699100 
David Hornsby, Chief Executive 
Graeme Spenceley, Finance 
 Director 
 
finnCap Limited                  020 7220 0500 
Stuart Andrews/James Thompson 
 (Nomad) 
Stephen Norcross (Corporate 
 Broking) 
 
Alma PR 
Hilary Buchanan                  +44 (0)7515 805218 
Josh Royston                     +44 (0)7780 901979 
 

About Ideagen Group plc

Ideagen is a UK company quoted on the London Stock Exchange AIM market (Ticker: IDEA.LN). Ideagen is a supplier of Information Management software with operations in the UK, the United States and the Middle East. The Company specialises in eGRC (Enterprise Governance, Risk and Compliance) and Healthcare solutions for organisations operating within highly regulated industries. With an excellent portfolio of software products, Ideagen is able to provide complete content lifecycle solutions that enable organisations to meet their Regulatory and Quality Compliance standards, helping them to reduce costs and improve efficiency.

The Group has a customer base of over 2,200 organisations using the Ideagen suite of products, including many blue chip names such as BAE Systems, Emirates, Shell and the European Central Bank as well as 150 hospitals in the UK and US.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTFMGMFRNKGVZM

(END) Dow Jones Newswires

March 18, 2016 03:00 ET (07:00 GMT)

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