Ideagen PLC New Aviation SaaS contracts worth £1.8m

TIDMIDEA

Ideagen PLC

30 March 2017

Ideagen PLC

("Ideagen" or the "Group")

New Aviation SaaS contracts worth GBP1.8m

Ideagen, a supplier of information management software to organisations in highly regulated industries, is pleased to announce it has secured two new SaaS contracts from leading Tier 1 global airlines. The combined total contract value is approximately GBP1.8m which will be recognised over 5 years.

Both airlines will adopt Ideagen's cloud-based safety and reporting software product, Coruson, to implement a safety and risk management system across their operations. Coruson, a SaaS software product, will enable both airlines to proactively manage safety and security and provide staff with a mobile incident reporting application.

These contracts strengthens Ideagen's position in the aviation safety sector represent the first sales of Coruson which provides, a scalable and fully integrated safety platform, to Tier 1 airlines. The company already provides software and services to over 100 regional and national airlines including Emirates, KLM, Thomas Cook, Brussels Airlines, Spirit Airlines and Air Transat.

David Hornsby, Ideagen's Chief Executive Officer, said: "Across the aviation industry, we continue to see strong new business demand for our software and we are confident of further extensive growth in this particular area. These contracts represent a significant milestone for the Company and are testament to both our product innovation and ability to successfully engage with larger organisations in aviation and beyond."

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) 
 
 

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 compliance based 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 3000 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.

For further information please visit www.ideagenplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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March 30, 2017 02:02 ET (06:02 GMT)