Ideagen Plc Acquires Firm to Expand its Risk Management Software Offering

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Ideagen Plc, a leading provider of compliance based information management software to highly regulated markets, is pleased to announce the acquisition of the entire issued share capital of Pentana Limited and its subsidiary Pentana Inc ("Pentana") for an initial net cash consideration of £2.25 million.

Ideagen Plc

Ideagen Plc

This acquisition will, undoubtedly, provide Ideagen with access to a wider range of customers and enable the Group to offer additional services to organisations based upon their requirements and strict corporate standards.

Pentana specialises in providing integrated and advanced internal audit, compliance and risk management software for Governance, Risk and Compliance (GRC) professionals enabling them to respond effectively within a fast moving environment.

Regulated by the Serbanes-Oxley Act (SOX), HIPAA, Basel II and regional policies, risk management and auditing procedures have placed immense pressure on IT administrators to implement organisation-wide measures. Utilising compliant risk management systems has become a deciding factor due to business growth, globalisation and increasing corporate scrutiny.

With internal auditing seen as an increasingly vital strand in the wider GRC market, this new acquisition sees Ideagen and Pentana offer a comprehensive product offering to organisations operating in highly regulated markets.

Ken Ebbage, Managing Director of Pentana, comments, “We are delighted that we have found a dynamic, forward-thinking, and financially strong organisation in Ideagen. This is an extremely positive development for the products, staff, and above all for our client base in order to achieve our objective of becoming a leading GRC software provider.”

Ben Dorks, Ideagen Group Sales and Marketing Director, says, “Ideagen welcomes Pentana as a strategic partner in delivering integrated software offering to organisations worldwide. Pentana’s know-how in risk management and audit categories is a vital addition to our existing portfolio of solutions and services.”

As the pressures across all industries rise, the need for audit and quality management systems (QMS) will grow. These two key elements will contribute to businesses delivering services to highest possible quality standards, and will require them to utilise comprehensive systems in order to achieve them.

Ben Dorks adds, “This acquisition will, undoubtedly, provide Ideagen with access to a wider range of customers and enable the Group to offer additional services to organisations based upon their requirements and strict corporate standards.”

-Ends-

Notes to Editors:
Ideagen Plc is a software development business specialising in information management solutions for organisations that operate within industries that are subject to high regulatory standards. As authors of an excellent portfolio of software products, the Group is able to provide complete content lifecycle solutions that enable organisations to meet their regulatory and quality compliance standards, helping them to reduce costs and improve efficiency.

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Dominika Jankowska
Ideagen Plc
+44 1629699100
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Dominika Jankowska
Ideagen Plc
+44 (0) 1629 699100
Email >
Ideagen Plc
since: 02/2013
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