TIDMIDEA

RNS Number : 8858W

Ideagen PLC

13 November 2014

Ideagen plc

("Ideagen" or the "Company")

Trading update and Notice of Results

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, issues the following update for the six month period to 31 October 2014.

Trading Update

Trading during the six month period continues to be robust with revenues and adjusted EBITDA* expected to show significant growth over the same period last year.

Revenues and adjusted EBITDA* have increased considerably due to the acquisitions of Pentana Ltd and EIBS Ltd combined with underlying organic growth** of approximately 10%.

Furthermore, the balance sheet remains robust with cash balances of GBP2.8 million (30 April 2014: GBP4.0 million), following the acquisition of EIBS Ltd in June plus associated costs.

The Company continues to trade in-line with market expectations for the full year to 30 April 2015.

Notice of Results

The interim results for the six months ended 31 October 2014 will be announced in the last week of January 2015.

David Hornsby, Chief Executive Officer, commented:

"We are pleased with the Company's progress, which has come through both acquisitive and organic growth. The momentum both in the period and since has been strong with, as announced, our largest single NHS contract to date and post period, being selected to provide Compliance and Quality Management Systems to NuGen. We look forward to the full year with confidence."

*earnings before interest, tax, depreciation, amortization, share based payments and acquisition costs.

** organic revenue growth on a pro-forma basis

 
 Enquiries: 
 Ideagen Plc                                Tel: 01629 699100 
 David Hornsby, Chief Executive 
 Graeme Spenceley, Finance Director 
 
 finnCap (Nominated Adviser and Broker)     Tel: 020 7220 0500 
 Charlotte Stranner (Corporate Finance) 
 Victoria Bates/Stephen Norcross 
  (Corporate Broking) 
 
 Redleaf                                    ideagen@redleafpr.com 
 Rebecca Sanders-Hewett/ Dwight Burden/     Tel: 020 7382 4730 
  Rachael Brown

Notes to Editors:

-- Ideagen is an Information Management software company specialising in:

   --     Governance, Risk and Compliance ('GRC') 
   --     Clinical content solutions

-- The Group has established a global business supplying GRC solutions predominantly to the Healthcare, Complex Manufacturing, Banking and Finance and Energy Sectors.

-- Its Clinical content division has leveraged the Group's core technology and built a UK business supplying content and clinical management solutions to NHS Trusts and Private Healthcare providers.

-- Ideagen's global blue chip client base includes Siemens, Shell, BAE Systems and a range of NHS Trusts.

-- The Group listed on AIM in 2012 under the ticker IDEA.

-- For more information, please visit http://www.ideagenplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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