Ideagen PLC New contract wins in life science sector
April 29 2016 - 2:01AM
RNS Non-Regulatory
TIDMIDEA
Ideagen PLC
29 April 2016
29 April 2016
RNS Reach
New contract wins in life science sector
New revenue generated from life science vertical in excess of
GBP1 million in current financial year
Ideagen plc (AIM:IDEA), a leading supplier of Information
Management software to highly regulated industries, is pleased to
announce a number of recent contract wins in the life science
industry, bringing the total customer contribution from this
industry alone to more than GBP1 million in revenue since the start
of the financial year. This makes life science one of the fastest
growing verticals this year for Ideagen within the Governance, Risk
and Compliance ("GRC") market.
During the year, Ideagen has secured in excess of GBP1 million
in new software and service revenue from both new customers and
expanded engagements with existing customers in the life science
vertical. The Group has signed up 27 new customers, including a
leading in-vitro diagnostics and pharmaceutical company, a UK
science-based university and a global pharmaceutical therapy
development company.
Ideagen's electronic quality management system, Q-Pulse, is the
most widely used solution from the product suite for customers in
the life science industry. During the period, Ideagen agreed a
strategic partnership with DataVita Ltd, operator of the UK's first
life sciences and healthcare compliant datacentre. This partnership
will enable the Company to offer the Q-Pulse solution via the
DataVita validated platform, opening up further opportunities with
life science organisations looking for a hosted solution.
David Hornsby, Chief Executive Officer of Ideagen, said: "We
continue to see strong demand for our product suite across all of
our vertical markets, including transport, finance and complex
manufacturing, however demand within the life science industry has
been particularly strong this year. While life sciences alone still
represents a small proportion of overall revenue, we are pleased
with the traction we are making in this industry and see this as an
important sector from which to grow further as we roll out new
products and upgrades, as well as launch the DataVita hosted
Q-Pulse solution.
"To break through the GBP1 million barrier with healthy existing
and new business contracts is testament to the strength of our
products and to the expertise of our team in what is a rapidly
growing industry."
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)7515 805218
Josh Royston +44 (0)7780 901979
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 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 2,200 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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