Ideagen acquired Redland Solutions for £15.8m.

Ideagen, a leading supplier of Integrated Risk Management software to highly regulated industries, acquired Redland Solutions, a fast growing, profitable RegTec SaaS company supplying software to the financial services industry, for £15.8m. David Hornsby, Executive Chairman of Ideagen, commented: "Redland is an extremely valuable addition to the Group and is in line with our strategy of acquiring Integrated Risk Management businesses that have strong IP and growing recurring revenues. Financial Services is an important vertical market for Ideagen and the combination of Redland's Insight Platform with Ideagen's Pentana will provide a compelling proposition covering internal audit, risk management, certification and SMCR compliance''