Ideagen

Company information

Bright idea

Ideagen’s software and services are used by around 6,000 organisations operating in highly regulated industries, such as aviation, banking and finance and life sciences. Its clients include seven of the top 10 UK accounting firms, all of the top aerospace and defence companies, and 75% of the world’s leading pharmaceutical firms. Ideagen helps clients to meet their quality, health and safety and environment (QHSE) and governance, risk and compliance (GRC) obligations.

Its main operational premises are spread throughout the UK, the EU, the US, the Middle East and Southeast Asia, and it employs approximately 600 people. Ideagen is seeing an increase in demand with growing use of its technology products in and outside of the workplace. “We are seeing a demand for cloud-based, rather than on-premise, solutions. This provides an opportunity for us as we are able to deliver cutting-edge cloud-based Software as a Service solutions that suit the needs of our clients while at the same time providing a steady annual recurring revenue for our business,” says Ben Dorks, CEO of Ideagen Plc.

In May 2020, Ideagen announced a partnership with the World Health Organization (WHO) to support its vital collaboration and policymaking work with member states and other bodies during the COVID-19 pandemic. Ideagen’s leading document collaboration and governance software, PleaseReview, has allowed WHO to collaborate on documents in real time, with a secure means of capturing comments and providing a full audit trail of responses. In such unprecedented times, it’s of vital importance that these are recorded correctly. This software helped deliver WHO’s 73rd annual World Health Assembly, which was its first virtual assembly.

Over the past five years, Ideagen’s share price has increased from 47p to 200p. “This significant increase in the value of the company would not have been possible without our presence on AIM,” says Ben.