Ideagen PLC New Aviation SaaS contracts worth £1.8m
March 30 2017 - 2:02AM
RNS Non-Regulatory
TIDMIDEA
Ideagen PLC
30 March 2017
Ideagen PLC
("Ideagen" or the "Group")
New Aviation SaaS contracts worth GBP1.8m
Ideagen, a supplier of information management software to
organisations in highly regulated industries, is pleased to
announce it has secured two new SaaS contracts from leading Tier 1
global airlines. The combined total contract value is approximately
GBP1.8m which will be recognised over 5 years.
Both airlines will adopt Ideagen's cloud-based safety and
reporting software product, Coruson, to implement a safety and risk
management system across their operations. Coruson, a SaaS software
product, will enable both airlines to proactively manage safety and
security and provide staff with a mobile incident reporting
application.
These contracts strengthens Ideagen's position in the aviation
safety sector represent the first sales of Coruson which provides,
a scalable and fully integrated safety platform, to Tier 1
airlines. The company already provides software and services to
over 100 regional and national airlines including Emirates, KLM,
Thomas Cook, Brussels Airlines, Spirit Airlines and Air
Transat.
David Hornsby, Ideagen's Chief Executive Officer, said: "Across
the aviation industry, we continue to see strong new business
demand for our software and we are confident of further extensive
growth in this particular area. These contracts represent a
significant milestone for the Company and are testament to both our
product innovation and ability to successfully engage with larger
organisations in aviation and beyond."
Enquiries:
Ideagen plc 01629 699100
David Hornsby, Chief
Executive
Graeme Spenceley, Finance
Director
finnCap Limited 020 7220 0500
Stuart Andrews/James
Thompson (Nomad)
Stephen Norcross (Corporate
Broking)
About Ideagen Group plc
Ideagen is a UK company quoted on the London Stock Exchange AIM
market (Ticker: IDEA.LN). Ideagen is a supplier of compliance based
Information Management software with operations in the UK, the
United States and the Middle East. The Company specialises in eGRC
(Enterprise Governance, Risk and Compliance) and Healthcare
solutions for organisations operating within highly regulated
industries. With an excellent portfolio of software products,
Ideagen is able to provide complete content lifecycle solutions
that enable organisations to meet their Regulatory and Quality
Compliance standards, helping them to reduce costs and improve
efficiency.
The Group has a customer base of over 3000 organisations using
the Ideagen suite of products, including many blue chip names such
as BAE Systems, Emirates, Shell and the European Central Bank as
well as 150 hospitals in the UK and US.
For further information please visit www.ideagenplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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