Ideagen (IDEA)

Sector:

IT Services

Index:

FTSE AIM 100

172.50p
   
  • Change Today:
    -7.50p
  • 52 Week High: 207.00
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 226.62m
  • Volume: 75,945
  • Market Cap: £390.91m

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Ideagen agrees to acquire SaaS firm Optima Diagnostics

By Iain Gilbert

Date: Friday 11 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Information management software provider Ideagen agreed to acquire software-as-a-service company Optima Diagnostics on Friday for a total of £1.8m.
Ideagen said the acquisition, which will be funded from existing resources, supported its strategy of consolidating within the global quality, health, safety and environmental software market.

The AIM-listed group expects the business to contribute an additional £300,000 to its full-year underlying earnings, following the realisation of identified synergies.

On its current run rate, Optima has generated roughly £1m in revenues, of which £900,000 was recurring, generating an EBITDA of £100,000.

Chairman David Hornsby said: ""Optima is a valuable addition to Ideagen and is in line with our strategy of acquiring businesses that have strong IP and recurring revenues.

"EHSQ is a valuable yet fragmented market and the acquisition will further enhance our market position as we aim to further consolidate this sector."

As of 0840 BST, Ideagen shares were up 0.60% at 149.90p.

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Ideagen Market Data

Currency UK Pounds
Share Price 172.50p
Change Today -7.50p
% Change -4.17 %
52 Week High 207.00
52 Week Low 138.00
Volume 75,945
Shares Issued 226.62m
Market Cap £390.91m

Ideagen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.65% below the market average99.65% below the market average99.65% below the market average99.65% below the market average99.65% below the market average
97.92% below the sector average97.92% below the sector average97.92% below the sector average97.92% below the sector average97.92% below the sector average
Price Trend
73.86% above the market average73.86% above the market average73.86% above the market average73.86% above the market average73.86% above the market average
59.22% above the sector average59.22% above the sector average59.22% above the sector average59.22% above the sector average59.22% above the sector average
Income
95.13% below the market average95.13% below the market average95.13% below the market average95.13% below the market average95.13% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
83.80% above the market average83.80% above the market average83.80% above the market average83.80% above the market average83.80% above the market average
84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ideagen Dividends

  Latest Previous
  Interim Final
Ex-Div 27-Feb-20 07-Nov-19
Paid 18-Mar-20 26-Nov-19
Amount 0.10p 0.19p

Trades for 07-Jul-2020

Time Volume / Share Price
15:34 231 @ 173.00p
15:20 1,000 @ 174.00p
15:09 41 @ 172.70p
15:02 1,153 @ 172.70p
14:55 144 @ 172.70p

Ideagen Key Personnel

CEO Ben Dorks
COO Barney Kent
CFO Emma Hayes

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