OverviewSuggest Edit

Ideagen is a company providing information management, safety, risk, and compliance software solutions. Its portfolio of solutions delivers audit and risk management, document management and workflow, capture, process mapping, order communications, infection control, electronic medical record, and ED management capabilities. The company serves the aerospace, defense, accounting, banking, aviation, energy, food and drink, healthcare, life sciences, and other industries.
TypePublic
Founded1996
HQRuddington, GB
Websiteideagen.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Apr 2019)442(+5%)
Revenue (FY, 2019)£46.7 M(+30%)
Share Price (Feb 2021)£2.7
Cybersecurity ratingBMore

Key People/Management at Ideagen

David Hornsby

David Hornsby

Executive Chairman
Ben Dorks

Ben Dorks

Chief Executive Officer and Director
Barnaby Kent

Barnaby Kent

Chief Operating Officer
Emma Hayes

Emma Hayes

Chief Financial Officer and Director
Arun Varma

Arun Varma

Chief Marketing Officer
Julian Clough

Julian Clough

Non Executive Director
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Ideagen Office Locations

Ideagen has offices in Ruddington, Chesterfield, East Kilbride, Leeds and in 6 other locations
Ruddington, GB (HQ)
Ruddington Fields Business park, Mere Way
Chesterfield, GB
Dunston Rd
East Kilbride, GB
Orion House, Bramah Ave
Leeds, GB
West One, 100 Wellington St
Stoke Prior, GB
GreenBox, Westonhall Rd
Taunton, GB
Exchange House, 12-14 The Crescent
Show all (10)

Ideagen Financials and Metrics

Ideagen Revenue

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Ideagen's revenue was reported to be £46.67 m in FY, 2019 which is a 29.2% increase from the previous period.
GBP

Revenue (FY, 2019)

46.7m

Revenue growth (FY, 2018 - FY, 2019), %

29.2%

Gross profit (FY, 2019)

42.8m

Gross profit margin (FY, 2019), %

91.6%

Net income (FY, 2019)

1.4m

EBITDA (FY, 2019)

14.3m

EBIT (FY, 2019)

1.6m

Market capitalization (26-Feb-2021)

690.8m

Closing stock price (26-Feb-2021)

2.7

Cash (30-Apr-2019)

6.2m

EV

692.1m
Ideagen's current market capitalization is £690.8 m.
Annual
GBPFY, 2017FY, 2018FY, 2019

Revenue

27.1m36.1m46.7m

Revenue growth, %

24%33%29%

Cost of goods sold

2.8m3.2m3.9m

Gross profit

24.3m33.0m42.8m
Half Year
GBPH1, 2018H1, 2019

Revenue

17.2m21.0m

Cost of goods sold

1.7m1.9m

Gross profit

15.5m19.1m

Gross profit Margin, %

90%91%
Annual
GBPFY, 2017FY, 2018FY, 2019

Cash

6.2m5.5m6.2m

Accounts Receivable

8.8m10.5m14.7m

Inventories

10.0k

Current Assets

17.2m18.0m23.7m
Half Year
GBPH1, 2018H1, 2019

Cash

5.9m5.9m

Current Assets

16.9m21.4m

PP&E

628.0k1.2m

Total Assets

72.8m113.8m
Annual
GBPFY, 2017FY, 2018FY, 2019

Net Income

731.0k1.5m1.4m

Depreciation and Amortization

5.3m7.1m9.4m

Inventories

23.0k10.0k

Accounts Payable

1.2m(259.0k)(444.0k)
Half Year
GBPH1, 2018H1, 2019

Net Income

846.0k(557.0k)

Depreciation and Amortization

3.5m4.3m

Accounts Payable

(1.3m)232.0k

Cash From Operating Activities

2.5m5.2m
GBPFY, 2017

EV/EBITDA

26 x

EV/EBIT

222.5 x

EV/CFO

18.6 x

Revenue/Employee

74.7k

Financial Leverage

1.6 x

P/E Ratio

234.2
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Ideagen Operating Metrics

Ideagen's Customers was reported to be 4.7 k in FY, 2019.
FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019

Customers

3 k4 k4.70 k4.70 k

Bookings

$13.90 m$10.80 m$22.70 m$14.50 m

Renewal Rate

96%96%95%
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Ideagen Acquisitions / Subsidiaries

Company NameDateDeal Size
Optima Diagnostics limitedOctober 14, 2019£1.80 m
Morgan Kai GroupOctober 28, 2018£20.60 m
InspectionXpert CorporationSeptember 04, 2018$6 m
Covalent Software Inc.
Covalent Software Limited
EIBS Limited
Filebutton Limited
Gael Products Limited
Ideagen Capture Limited
Ideagen Gael Limited
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Ideagen Revenue Breakdown

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Ideagen revenue breakdown by business segment: 20.8% from Software - New Licences, 29.4% from Software – SaaS/Subscription, 37.4% from Maintenance and Support, 11.4% from Professional Services and 1.0% from Other

Ideagen revenue breakdown by geographic segment: 7.2% from Rest of the World, 5.0% from Middle East, 11.6% from Europe, 38.2% from North America and 37.9% from United Kingdom

Ideagen Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Ideagen Online and Social Media Presence

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Ideagen News and Updates

George Sifakis, CEO And Founder, Ideagen Talks About 17 Days Of Sustainability

George Sifakis: Ideagen’s mission is to provide a global platform to foster cross-sector collaboration by the world’s leading Brands, Companies, NGOs and Public Sector to create innovative solutions via collaboration at scale while creating awareness of the 17 United Nations Sustainable Developme...

Ideagen Global 100 Leader List - Catalyze by Ideagen

The Annual Global 100 Leaders List by Ideagen

Addiko Group enlists Ideagen for audit project

Addiko Group is to work with software firm Ideagen in a cross-border auditing project through severa...

Ideagen acquires Optima Diagnostics and its safety compliance SaaS, OSHENS

Ideagen, the UK-based global software firm, has acquired Optima Diagnostics for £1.8 million. Ideagen is looking to cement its market leadership in Quality, Health, Safety, and Environment management (QHSE). Optima is a London-based SaaS company that developed OSHENS, a health and safety compliance …

Ideagen confirma una década de crecimiento sucesivo con unos resultados fuertes de final de año

LONDRES, 17 de julio de 2019 /PRNewswire/ -- 29% de aumento en los ingresos La cifra EBITDA crece un 30% Los ingresos del software as a service (SaaS) crecen un 63% Destacado crecimiento internacional gracias a sus nuevos clientes mundiales y expansión operativa en Estados Unidos y SE...

Ideagen Plc Acquires Top Irish SaaS Provider

NOTTINGHAM, England, January 14, 2019 /PRNewswire/ -- The deal is worth £3.5m Ideagen Plc, the leading UK based software developer operating in the governance, risk and compliance (GRC) sector has announced the acquisition of Scannell Solutions Ltd for a fee of £3.5m. (Logo:...

Ideagen Frequently Asked Questions

  • When was Ideagen founded?

    Ideagen was founded in 1996.

  • Who are Ideagen key executives?

    Ideagen's key executives are David Hornsby, Ben Dorks and Barnaby Kent.

  • How many employees does Ideagen have?

    Ideagen has 442 employees.

  • What is Ideagen revenue?

    Latest Ideagen annual revenue is £46.7 m.

  • What is Ideagen revenue per employee?

    Latest Ideagen revenue per employee is £105.6 k.

  • Who are Ideagen competitors?

    Competitors of Ideagen include SER Group, AuditBoard and Sage.

  • Where is Ideagen headquarters?

    Ideagen headquarters is located at Ruddington Fields Business park, Mere Way, Ruddington.

  • Where are Ideagen offices?

    Ideagen has offices in Ruddington, Chesterfield, East Kilbride, Leeds and in 6 other locations.

  • How many offices does Ideagen have?

    Ideagen has 10 offices.