Life science contracts provide £1m boost to Ideagen
Ideagen, the supplier of information management software to highly regulated industries, has boosted its turnover by revealing a series of contract wins in the life science industry.
The new contracts are worth more than £1m, the company says.
The company has signed up 27 new customers, including a leading in-vitro diagnostics and pharmaceutical company, a UK science-based university and a global pharmaceutical therapy development company.
Ideagen’s electronic quality management system, Q-Pulse, is the most widely used solution from the product suite for customers in the life science industry. During the period, Ideagen agreed a strategic partnership with DataVita , operator of the UK’s first life sciences and healthcare compliant datacentre. This partnership, says Ideagen, will enable it to offer the Q-Pulse solution via the DataVita validated platform, opening up further opportunities with life science organisations looking for a hosted solution.
David Hornsby, CEO of Ideagen, said: “We continue to see strong demand for our product suite across all of our vertical markets, including transport, finance and complex manufacturing, however demand within the life science industry has been particularly strong this year.
“While life sciences alone still represents a small proportion of overall revenue, we are pleased with the traction we are making in this industry and see this as an important sector from which to grow further as we roll out new products and upgrades, as well as launch the DataVita hosted Q-Pulse solution.
“To break through the £1 million barrier with healthy existing and new business contracts is testament to the strength of our products and to the expertise of our team in what is a rapidly growing industry.”
