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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Ruddington Firm’s Seven Million Dollar Purchase
A successful software company based in Ruddington Fields Business Park has announced the acquisition of a high flying American inspection software provider – for a cool seven million dollars! Ideagen Plc, which employs around 400 people and has its Head Office at Ergo House on Mere Way, has bought North Carolina based InspectionXpert – which is said to currently generate $2.8million in annual revenue. The move will bring in more than one thousand extra clients – like Boeing, Kohler and Pratt & Whitney – to add to Ideagen’s already impressive portfolio including…
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