Ruddington software firm signs £4.9m deal

Ideagen, the Ruddington-based supplier of Information Management software, has signed a contract with an unnamed client worth £4.9m 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.

Ideagen is also reporting 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, CEO of Ideagen, said: “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.”