We were really pleased to again support key client Ideagen Plc on their latest deal, the acquisition of Optima Diagnostics Ltd. Ideagen Plc is a UK-based global software firm which is a leader in developing software for Governance, Risk and Compliance businesses.
Optima Diagnostics is a Software as a Service (SaaS) business that has developed OSHENS, a quality, health, safety and environment (QHSE) compliance solution. The acquisition of OSHENS supports Ideagen’s broader strategy within the QHSE software market.
David Hornsby, Executive Chairman of Ideagen, commented: “Optima is a valuable addition to Ideagen and is in line with our strategy of acquiring businesses that have strong IP and recurring revenues.”
This is the third acquisition the Peregrine team have supported Ideagen on this year, following their £3.5m purchase of lrish SaaS company, Scannell Solutions in January, and acquisition of Redland Business Solutions Ltd for £15.8m in June.
The Peregrine team was led by Ben Walmsley and Brigit Hanwell.