Software firm reveals new US headquarters after £10.75m acquisition

Ideagen, the Ruddington software firm, has acquired US counterpart Qualtrax in a deal worth £10.75m.

Qualtrax develops quality, health, safety and management (QHSE) software to a number of highly regulated industries including laboratory services, manufacturing and aerospace. It employs 40 people at its office in Blacksburg, Virginia, which will become Ideagen’s new US headquarters.

The Qualtrax management team will remain in place to lead Ideagen’s expansion in the US.

Ben Dorks, chief executive officer of Ideagen, said: “I am very pleased to announce the addition of Qualtrax to our group and the expansion of our presence in the United States. Qualtrax brings a high quality customer base, strong growth, a high level of recurring revenue and also bolsters our platform for expansion in the USA.”