Leading Global Software Firm, Ideagen, Delivers Ninth Consecutive Year of Growth

 

LONDONJuly 17, 2018 

  • Adjusted PBT up 40%
  • Adjusted EBITDA up 40%
  • Revenue up 33%

UK-based leading global software business, Ideagen PLC (AIM: IDEA), has delivered its ninth consecutive year of positive results, following a 12-month period of organic growth and acquisitions.

Total revenue was £36.1m, up 33% on the 2017 figure of £27.1m, with organic growth accounting for 11% of that increase. Adjusted EBITDA was £11m, a 40% increase on the 2017 figure of £7.9m and adjusted profit before tax was also up 40% at £9.7m v £6.9m last financial year. Revenue from SaaS (cloud-based software services) rose by 76% to £8.4m from £4.8m in 2017.

Executive Chairman and former CEO, David Hornsby, said: “Our focus this year was to increase organic growth and effectively integrate our recent acquisitions into the business. I am delighted that we have achieved these objectives and successfully delivered another set of excellent results.”

Ben Dorks, who was promoted from Chief Customer Officer to CEO in May, said: “One of the key highlights was the acquisition of US firm, Medforce in April, 2018. Medforce is a profitable, growing and cash-generative healthcare software company, known for developing the ‘Centre’ suite of enterprise management, workflow and compliance software, which is used by more than 300 US-based healthcare providers.

“This acquisition broadens our relationships in an already strong sector for us, enhances our geographical reach and provides an additional source of recurring revenue.

“Ideagen remains committed to an ongoing buy and build strategy and we expect to complete further acquisitions this financial year.”

Ideagen develops software that allows businesses in regulated sectors, such as aviation, aerospace & defence, banking, manufacturing and pharmaceuticals to meet their safety, compliance, audit and risk requirements. Household names, including British Airways, Heineken and European Central Bank trust Ideagen to provide these crucial software solutions for them.

http://www.ideagen.com

Media contact:

Joe O’Brien
PR & Media Relations
Ideagen
+44(0)1629 699100
+44(0)7916-131501
[email protected]

Heather Astbury
The Reputation People
[email protected]
+44(0)7340-158049

SOURCE Ideagen PLC




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

Related articles

Betty Tűndik
Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.
VEGAN WORLD

FREE
VIEW