Peregrine Law has advised key client, Ideagen Plc, on the £3.5m acquisition of the lrish Software as a Service (SaaS) company, Scannell Solutions.
Ideagen is the leading UK based software developer in the Governance, Risk and Compliance sector. The acquisition follows a period of sustained growth for Ideagen, who acquired Morgan Kai in October 2018 with the help of the Peregrine Law team.
The acquisition is expected to contribute an additional €0.3m EDITDA and grow Ideagen’s global client list by around 100 clients, including Coca-Cola, Johnson and Johnson, BT and Heineken.
Ben Walmsley led the Peregrine Law team, with the assistance of Brigit Hanwell. Mason Hayes & Curran, led by partner David O’Donnell, supported Peregrine and Ideagen on the Irish law aspects of the deal.