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Investegate |Ideagen PLC Announcements | Ideagen PLC: Two highly complementary strategic acquisitions


 
 
Ideagen PLC (AIM: IDEA), a leader in compliance software for regulated industries, is pleased to announce two recent strategic acquisitions to considerably enhance the Group s product offering and capabilities. 
Mi-Co
On 16 July 2021, Ideagen completed the acquisition of Advanced Digital Systems Inc, trading as Mi-Co, for a cash consideration of £3.1m on completion.  Mi-Co s ARR is £0.9m.
Based in Durham, North Carolina, USA, Mi-Co is a low- and no-code mobile application developer.  It currently supports c.150 customers operating in highly regulated industries including agriculture, government and utilities.
As well as continuing to be sold on a stand-alone basis, Mi-Co s technology will be deployed across the Ideagen portfolio. The acquisition significantly strengthens Ideagen s mobile capabilities; enabling an enhanced customer experience and extended product functionality. ....

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