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New Deal


Announced

Completed

Ideagen completed the acquisition of CompliancePath from Audit Analytics for $12m.

Financials

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Transaction Value£8m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales5.7x
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Majority

Acquisition

Friendly

Domestic

Private

Single Bidder

Software

United Kingdom

Completed

assurance software

Synopsis

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Ideagen, a GRC software solutions provider, completed the acquisition of CompliancePath, an IT governance, software assurance, US & EU GxP, HIPAA, HITECH, GDPR, and NHS directive solutions provider, from Audit Analytics, an intelligence service provider for companies, for $12m. "Since the first half ended, I am pleased to have completed four acquisitions with significant synergy opportunity and welcome these products and teams to the Group. The Group continues to generate strong organic growth while executing on our strategy of acquiring businesses that extend our leadership in compliance software for regulated industries," Ben Dorks, Ideagen CEO.

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