TIDMIDEA

RNS Number : 9214X

Ideagen PLC

03 September 2015

3 Sept 2015

Ideagen PLC

("Ideagen" or the "Group")

New Contract Extensions worth GBP1m

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, is pleased to announce that it has been awarded two new contracts with existing customers worth a combined value of GBP1m.

The new contracts, one with a top 4 global accounting firm and the other with a leading global petrochemicals group, are for the expanded deployment of the Group's Governance Risk and Compliance (GRC) products.

Both organisations have utilised Ideagen's GRC products for a number of years to help reduce risk, drive compliance and deliver operational excellence. The new contracts follow demand for the software from additional business units and geographies within each organisation.

The accounting firm will extend its use of the Disclose financial compliance solution from its initial deployment in the UK to its pan European operations, while the petrochemicals group will roll out Q-Pulse, the leading quality, safety and compliance software to 6 additional business units, bringing the total number serviced with this customer to 15 out of a potential 200 business units.

David Hornsby, CEO of Ideagen, commented: "We are delighted to have secured these contracts which extend the use of our software within two leading global businesses. Today we have over 1,500 customers, many of those represent a significant expansion opportunity for the Group as they comprise numerous business units operating across multiple geographies. These contracts validate this opportunity together with the technical capability of our solutions and the strength of our global account management."

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) 
 
 Alma PR 
 Hilary Buchanan                +44 (0)7780 901979 
 Josh Royston                   +44 (0)7515 805218

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 1,500 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

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September 03, 2015 02:00 ET (06:00 GMT)

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