Ideagen Share Discussion Threads

[fizzypop] 16/8/2018 08:58

jimbob
Like multibagger above I am curious about a 4p rise on minimal vols near the end of play. Unusual for IDEA and perhaps an indication of foreknowledge in the market. But pure speculation on my part.

[jimbobaroony] 16/8/2018 08:36

Fizzy, what are you on about. What bid?

[fizzypop] 16/8/2018 06:52

Well no RNS so it's not a bid ... yet.

[rivaldo] 15/8/2018 21:42

Yep...and buying at 137p just prior to the close. Nice.

[cheshire man] 15/8/2018 16:02

Great finish here :-)

[multibagger] 15/8/2018 15:32

A +4p move on tiny volumes....very interesting :)

Wonder what's cooking ?

[rivaldo] 09/8/2018 08:55

Talking of expanded R&D, here's news of two product enhancements:



"Ideagen unveils software enhancement designed to improve response times in manufacturing
06 August 2018

The added functionality in Q-Pulse will improve reporting & response processes for aerospace, defence and automotive organisations

Ideagen, a leader in the global governance, risk and compliance (GRC) software industry, has announced it is expanding the capabilities of one of its flagship software products to improve non-conformance reporting and first article inspections.

Users of Ideagen’s Q-Pulse software – particularly manufacturers in the aerospace, defence and automotive industries – can now benefit from a faster manufacturing process resulting in quicker time-to-market thanks to several new enhancements.

etc"



"Ideagen launches new ‘Charts’ enhancement within Pentana Performance
08 August 2018

Ideagen has unveiled a new enhancement in its cloud-based performance and risk management software, Pentana Performance.

The new ‘Charts’ functionality has been launched and billed as a further step in helping organisations introduce a digital workplace.

The enhancement provides an increasingly agile approach to performance and risk management, providing users with a number of increased benefits including;

Visualisation of high-impact data to help make quick and accurate business decisions
Tracking and trend analysis of performance progress through annual charts
Analysis of large, diverse and complex data in real-time
Ability to compare values against targets
Increasing agility, interaction & general communication across the workplace

Gordon McKeown, Ideagen’s Head of Product, said the new enhancement was a “big step” forward in providing organisations with real insight into business performance.

etc"

[rivaldo] 07/8/2018 12:20

RNS - Liontrust are buying more, now up above 10% with 20.65m shares:

[rivaldo] 03/8/2018 07:59

IDEA continue to innovate:



"Ideagen Launches New Research and Development Department
01 August 2018

Ideagen Plc is to launch a new research and development operation intended to strengthen its product suite and identify opportunities for innovation.

Already one of the fastest growing firms operating in the multi-billion Governance, Risk and Compliance (GRC) market with market-leading software applications and a global client roster of blue chip companies, this new department will drive Ideagen’s efforts to innovate, improve and build the next generation of software applications.

Ian Hepworth, Ideagen’s Chief Technology Officer, said: “I am excited to announce the formation of this new research and development department at Ideagen.....

....“I am really looking forward – and am very excited – to see the impact that a dedicated, knowledgeable and skilled R&D department will have on our organisation, our products and our future.”

The new department will be headed by current Chief Development Architect, Kim Fowler, who will become Ideagen’s Head of R&D.

Ian added: “Kim’s passion and experience are second to none and I truly believe this is an outstanding step for everyone involved. The launch of our new R&D department and the appointment of Kim will be the cornerstone in shifting our cultural focus towards innovation to ensure we stay among the leading players in a GRC space that is filled with opportunity.”

Kim joined the Ideagen Group in August 2016 following the acquisition of Covalent Software Ltd, where he was a Principal Software Developer.

He launched Babble&Geek in 1997 and has offered guidance to a range of clients including Tesco, Sainsburys, NASA, ESA, and Northrop Grumman.

Kim said: “The new R&D department marks an excellent opportunity for both myself and the company to really take research and development at Ideagen to the next level.

etc"

[rivaldo] 26/7/2018 09:30

Good news:



"Ideagen recognised in Gartner’s first ever Magic Quadrant for Integrated Risk Management
25 July 2018

Ideagen, the UK-based, global software firm, has been included in what it believes is a key industry report designed to recognise organisations that provide software and services for integrated risk management (IRM).

Gartner's first ever 'Magic Quadrant for Integrated Risk Management' evaluates risk management software vendors.

The Magic Quadrant states “Integrated risk management enables simplification, automation and integration of strategic, operational and IT risk management processes and data. Security and risk management leaders should use Gartner’s Magic Quadrant to identify solutions that support an integrated approach to risk management.”

Ideagen is recognised in Gartner’s report as a Challenger. A recognition that Ideagen believes is thanks to its newer products in the form of Coruson, an enterprise cloud-safety and operational risk management solution, and Pentana, for audit and performance management.

Ideagen’s Head of Product, Gordon McKeown, said: “Integrated risk management is a set of practices and processes supported by a risk-aware culture and enabling technologies, that improves decision making and performance through an integrated view of how well an organisation manages its unique set of risks.

“We are delighted to be included in Gartner’s Magic Quadrant for Integrated Risk Management – the inaugural version – thanks to what we believe is the capability and functionality available in our Coruson and Pentana products.

“We feel that it is testament to the strength of these products – and our efforts in staying ahead of the curve by identifying innovation opportunities and market needs – that we have been named among the players in this growing market.”

Gartner is the world’s leading research analyst and advisory firm. The creation of the Magic Quadrant for Integrated Risk Management comes as digital business risks and cybersecurity challenges increase globally. The report states: “IRM goes beyond traditional, compliance-driven governance, risk and compliance (GRC) solutions to provide actionable insights that are aligned with business strategies, not just regulatory mandates.”

[petewy] 25/7/2018 21:41

Yes I noticed nearly 90% buys last three days.

[igoe104] 24/7/2018 15:12

Some large buys have come in this afternoon, @ £1.36. something seems to be brewing, very indifferent trades for this time of year.

[igoe104] 23/7/2018 12:36

FT buy.



Buy: Ideagen (IDEA)The group is diversifying its revenue streams, growing earnings and the dividend — though small — is an added bonus, writes Julia Faurschou.Ideagen’s future earnings visibility improved in the year to April, thanks to its ongoing shift away from a perpetual licensing model and towards a software subscription model, borne out by so-called “software-as-a-service” (SaaS) sales, which were up 76 per cent to £8.4m, while recurring revenues constituted 62 per cent of the top line. And the group — which supplies information management software to highly-regulated industries — enjoyed a 63 per cent rise in new sales bookings to £22.7m, laying the foundations for revenue streams to come.While 11 per cent of the company’s revenue growth was organic, the rest derived from recent acquisitions — with one example being PleaseTech, a provider of document collaboration and review software which has bolstered Ideagen’s defence and life sciences offering. In April, the group made its first US acquisition in the form of Medforce — a healthcare software business — for $8.7m (£6.2m), gaining 300 US customers in the process. Generally, the group is expanding its global presence; over the reporting period, 78 per cent of new SaaS wins were non-UK based.Broker FinnCap forecasts adjusted pre-tax profits of £11.4m and earnings per share of 4.8p for the year ending April 2019 (from £9.7m and 4.2p in full-year 2018)

[cheshire man] 23/7/2018 08:22

Thanks for that snippet rivaldo,,,,,,no wonder we're at an all time high :-)

[rivaldo] 23/7/2018 08:19

New all-time highs now.

Maven Income and Growth VCT 5 reported results on Friday and had this to say their £3.85m investment in IDEA:

"In the year to 30 April 2018, Ideagen delivered results that were again in line with expectations. The company recorded a 33% increase in revenue to £36.1 million and a 40% increase in adjusted EBITDA to £11.0 million. The organic growth rate of 11% was supplemented by the contribution from the acquisitions of Logen, Covalent, IPI and Pleasetech, which completed in the prior year.

The company continued to strengthen the quality of revenues with significant growth in Service-as-a Software (SaaS) business as bookings increased by 174% with recurring revenue now accounting for 62% of turnover (57% in the previous year). This increase in revenue was driven by new and existing customer wins, with notable wins including Scandinavian Airlines, AirAsia, Lockheed Martin, Bayer Pharmaceuticals and Verizon.

In addition, the company acquired Medforce, a company that has developed a product suite to support productivity and legal compliance through its workflow and information management tools. This business was acquired for $8.7 million in cash which was payable at completion and funded with a mixture of debt and cash.

This acquisition represents Ideagen's first US purchase, a territory that has been identified as a key area of growth and which has generated over 50% of all new logo wins and 70% of all new SaaS wins in the first half of the current financial year."

[rivaldo] 19/7/2018 22:14

Looking to grow in the USA:



"Ideagen to host annual US customer seminar in New York
19 July 2018

Ideagen is delighted to announce it is to hold its US customer conference in New York for the first time later this year.

The ‘Ideagen Horizons North America’ event will take place at the DoubleTree by Hilton Hotel Metropolitan over two days between Tuesday, October 9th and Wednesday, October 10th.

The event is exclusively aimed at users of Ideagen’s Q-Pulse, PleaseReview and Pentana software for quality, safety, risk, audit and performance management.

Ben Dorks, Ideagen’s CEO, said: “As Ideagen grows rapidly so, in turn, does our successful and popular Horizons events and we are absolutely delighted to be hosting our North American event in New York this year.

etc"

And success in Hong Kong:



"Ideagen Coruson helps HK Express to renew IOSA certificate
16 July 2018

Ideagen Coruson, Ideagen's cloud-based governance, risk and compliance software application, has helped a major airline in Hong Kong to renew its IATA safety certificate.

HK Express, Hong Kong's low-fare airline, has successfully expanded its International Operational Safety Audit (IOSA) certificate for two years in an announcement the airline said was a "testament to its safety commitment and excellent service".

etc"

[rivaldo] 19/7/2018 10:46

Cheers igoe - meanwhile here's a feature on IDEA's results, with these comments from the CEO. Certainly looks like acquisitions are on the way:



"Chief executive Ben Dorks, who was promoted from chief customer officer in May, told The Scotsman: “It’s been a very strong 12 months – we’re certainly very pleased with the results.”

The firm said operational highlights during the year included the April acquisition of “profitable, growing and cash-generative” US-based healthcare software specialist Medforce Technologies. The $8.7m (£6.6m) deal, which added 300 US healthcare customers, also provided a “platform for further growth” in the US. Dorks said the transaction ties in with Ideagen’s strategy of acquiring businesses, as per its £13m purchase of Scottish management software firm Gael in 2014, that have robust recurring revenues and intellectual property, and in “complementary or adjacent markets… or, as in the Medforce acquisition where they are in new geographies, which we can then use as a launch pad for our existing products”.

He added that Ideagen “remains committed to an ongoing buy and build strategy and we expect to complete further acquisitions this financial year”, with a US deal “certainly on the cards” in the next 12 months."

“I think we’ve got a fantastic platform for continued growth for the future,” said Dorks, while executive chair and former CEO David Hornsby, said the board has faith in the group’s prospects “for the current year – and beyond”.

[igoe104] 18/7/2018 15:58

Good to see you back rivaldo.



interesting tweet from IDEA.


@Ideagen_Plc
1h
1 hour ago


More
We have an exciting announcement to make regarding our North American Horizons event. Be sure to tune in to our social media channels tomorrow at 09:00 EST for the big reveal! #IdeagenHorizons

[rivaldo] 18/7/2018 08:07

Just back from hols - terrific results yesterday. The market opportunity is huge, and there are strong hints that more acquisitions are on the way.

The outlook statement in particular is very confident. Can't ask for more:

"Trading since the year end has remained robust and we continue to see strong demand for our products from new potential customers. With acquisitions made during the previous year performing well, and with a base of over 3,700 customers generating growing recurring revenues and repeat business the Board has every confidence in the continued prospects for the Group."

[walbrock82] 18/7/2018 07:08

Ideagen is a competitive niche and is trusted by thousands of clients. However, there is a question on sustainable growth.

[petewy] 17/7/2018 14:21

From Paul Scott Small Cap Value Report on IDEA.
"I wouldn't be comfortable enough with the story yet to buy it personally, but it might be worthy of some further research."

Two years in this share from 45p. Small cap value indeed!!

[slopsjon2] 17/7/2018 11:35

finnCap note target price increased to 140p from 120p

Prelims confirm EBITDA of £11.0m from revenue of £36.1m, in line with expectations unchanged at the May trading update. 11% underlying organic revenue growth is supported by acquisitions (current and prior periods), delivering +33% group revenue, +40% group EBITDA, and +33% adjusted diluted EPS. Net cash at period end of £0.8m is expected to be boosted by strong and growing free cash flow, funding both the dividend and the inevitable further acquisitions. Ideagen has a tried and tested formula for delivery of forecasts and sensible acquisitions, and we look forward to continuing positive newsflow as the relentless increase in regulatory compliance leads to the requirement for efficiencies and insight through automation, which Ideagen’s solutions deliver – and Brexit will only increase. We roll out a new target of 140p (120p) based on FY20 forecasts for further organic growth of +10% EBITDA and EPS; however, we fully expect further acquisitions to increase those forecasts in the interim.

[cheshire man] 17/7/2018 07:25

Acquisition news could come any day then :-)

[igoe104] 17/7/2018 06:57

Market Opportunity
The Board believes the long-term prospects for the Group are positive. The Governance, Risk and Compliance (GRC) market was, according to Gartner, worth $4.8 billion globally in 2017 and is estimated to be growing at 13% per annum. We believe that we have established a compelling business platform that has been enhanced by the integration of the four acquisitions made in the previous year and are well placed to participate in this growth.
Highly regulated organisations require the tools we provide to help them identify, assess and manage corporate risk while complying with international industry standards, and many are only in the early stages of adopting an enterprise-wide approach. The Board believes that the Group's cloud solutions will be a particular growth area for the Group which will increase the percentage of total revenues derived from recurring contracts providing even greater visibility of earnings.



The Group is in discussions with a number of acquisition targets which would potentially add significant value as we aim to consolidate our position in the market.