Ideagen PLC Contract Win (2821X)
November 23 2017 - 1:00AM
UK Regulatory
TIDMIDEA
RNS Number : 2821X
Ideagen PLC
23 November 2017
Ideagen PLC
("Ideagen", the "Company" or the "Group")
Contract Win
Ideagen PLC (AIM:IDEA), a supplier of information management
software to organisations in highly regulated industries, is
pleased to announce it has secured a contract from a global leader
in the petrochemical industry worth an initial $1.6m. It is
expected that 90% of the revenue including $1.1m of licence will be
recognised in the current financial year.
The contract is for the supply of Ideagen's flagship Quality
Management System Q-Pulse to the customer's North American
business, covering 13 sites with 2,500 users. The contract has been
awarded following the successful deployment of Q-Pulse in other
geographical regions.
David Hornsby, Ideagen's Chief Executive Officer, said:
"We continue to see strong business demand for our software
across all our key verticals. This contract demonstrates the
strength of both our products and our ability to grow revenues from
our extensive customer base."
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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