Tag: computing

Ruddington Fields Firm Announces Further Acquisition

Graham Wright

Software company Ideagen Plc, which has its Head Office on Ruddington Fields Business Park, and employs around 1,200 people, has revealed it has entered into a “definitive agreement” to acquire ProcessMAP. In June, Ideagen itself was taken over by Rainforest Bidco Limited, a newly-incorporated wholly-owned subsidiary of funds managed by Hg Capital. However, it’s continuing to trade under the Ideagen brand as an already trusted name in software solutions for regulated industries. Speaking about the news, Ideagen CEO, Ben Dorks, said: “Both organisations share a common purpose, and this provides a compelling opportunity to do…

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Ruddington’s King of Takeovers is Taken Over

Graham Wright

A high-flying software company based in Ruddington Fields Business Park – which has become well known for its multi-million pound acquisitions of other companies – has revealed that it has now itself been acquired. Ideagen Plc, which employs around 400 people, and has its Head Office at Ergo House on Mere Way, has been taken over by Rainforest Bidco Limited, a newly-incorporated wholly-owned subsidiary of funds managed by Hg Capital. The acquisition follows an initial offer in April, and was implemented by means of a court-sanctioned scheme of arrangement. The full…

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Ruddington Firm’s £15.8 Million Acquisition

Graham Wright

A high-flying software company based in Ruddington Fields Business Park has announced it’s bought yet another software company – this time for an eye-watering £15.8 million! Ideagen Plc, which employs around 400 people and has its Head Office at Ergo House on Mere Way, has this time purchased Bromsgrove-based Redland Business Solutions Ltd. ‘Redland’ is what’s called a RegTech software-as-a-service (SaaS) company. It supplies regulatory and compliance software to the financial services industry. Its leading software platform, ‘Insight’, provides banks, investment managers, asset managers and insurance companies with solutions that underpin the Senior Managers…

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