Willow67
07 Nov 2017
Re: Excellent trading statement today Yep, all seems nicely on track. Its always hard to read through from net cash generation to EBITDA in these updates because there are always slugs of deferred consideration on acquisitions to pay, so the cash balance looks lower than you might expect. In this period for example they would have paid £2m for PleaseTech. Lets see if Finncap or anyone else can come up with anything intelligent! Given its my biggest holding of any stock, I am certainly glad to see the shares back towards 90p!
gretel
07 Nov 2017
Excellent trading statement today - particularly the optimism for the future and the increasing cash pile - another acquisition coming soon?[link] "Ideagen PLC (AIM: IDEA), a leading supplier of Information Management Software to highly regulated industries, today provides an update on trading for the six months ended 31 October 2017. The Board is pleased to report that trading has remained strong in the first half of the financial year and expects to report revenue and adjusted EBITDA* significantly ahead of the same period last year with an underlying organic revenue growth of approximately 12%. The Company continues to trade in line with market expectations for the full year to 30 April 2018. Cash generation in the period was strong and the Company maintains a robust balance sheet with no debt. The cash balance at the period end was £5.9 million (30 April 2017: £4.8 million). David Hornsby, Chief Executive Officer of Ideagen, commented: "I am pleased to report yet another strong start to Ideagen's financial year. Our core markets are strong and underpin the demand we have seen this half. Cash generation has been excellent and the Group has seen further growth in its recurring revenues and repeat business. The market opportunity remains large and long term and given the Group's position as a leader in the Governance, Risk and Compliance market, the Board is optimistic about the Group's continued growth prospects."
Willow67
03 Nov 2017
Re: Moving up, and AGM report It would be great to break out of this modestly downwards sloping channel we have been in since the summer highs....above 90 is the rough level we need to break through, right where we are now in fact.....a close in the 93, 94 area would suggest to me we are quickly going to 100-110Looking forward to knock-out numbers this week coming....
gretel
03 Nov 2017
Moving up, and AGM report Good to see the share price bouncing nicely this week.Given the strong outlook in the prelims only 3 months ago I remain positive - and there should be a trading update in the next week or two (7th November last year).Interestingly, this AGM summary posted recently includes a snippet that "the CEO mentioned the half year for the company ends today, and shareholders should be very pleased with the results".....[link]
gretel
31 Oct 2017
Two contract wins Firstly::[link] Healthcare Group plc adopt Ideagen Q-Pulse for compliance & process management18 October 2017Inspiration Healthcare Group, a global supplier of medical technology for critical care, operating theatre and home healthcare applications, is adopting software from Ideagen to enhance regulatory compliance and key operational processes.Ideagen Q-Pulse, Ideagen’s flagship quality management software, will help the company maintain high levels of compliance to a number of regulatory bodies such as ISO 13485:2016, FDA 21 CFR part 820 and European Medical Device standards.Inspiration Healthcare manufactures and distributes its products to over 50 countries globally and will also adopt Q-Pulse for operational process management, particularly in relation to Design File History management – a key requirement for medical device manufacturers.Simon Travers, Head of Quality Assurance and Regulatory Affairs at Inspiration Healthcare, said: “For both compliance and operational reasons it was imperative that we brought Q-Pulse in. The software will make it easier for us to comply with several standards and satisfy the strict requirements of those notified bodies.“Although regulatory compliance was the main reason for adopting the software, there were many process reasons also. There will be document control and review, audit, corrective and preventive action benefits – not to mention Q-Pulse becoming a central repository for the management and review of suppliers, assets and staff competency management.”Inspiration Healthcare provides high-quality innovative products to patients and caregivers around the world that help to improve patient outcomes and efficiencies of healthcare organisations. Its products cover non-invasive respiratory management, thermoregulation, and patient warming for newborn babies through to adults in intensive care and the operating theatre. The company’s distribution business supplies solutions to support specialised surgical procedures and infusions therapies.A particular area of focus for the new Q-Pulse system will be in the management of the company’s Design File History documentation. Simon explained: “Within the medical device industry, organisations such as ours are required to maintain a Design History File – basically a complete story of how a product is created – for every product that is designed and taken to market.“We will be using the standard change request functionality within Q-Pulse to conduct periodic reviews every 12 months of our DFH documentation, ensuring we are on top of them. Q-Pulse will automatically remind stakeholders that a review is upcoming or overdue.”Ideagen, a UK-based software company which has a global footprint, provides software and services to more than 400 healthcare organisations globally, including 75% of the UK NHS. Other clients in this sector include Nuffield Health, Great Ormond Street Hospital, Spire Healthcare and El Camino Hospital."And secondly:[link] UK extends the use of Ideagen's Pentana Audit software30 October 2017Following its success in the UK, BDO South Africa's Risk Advisory Services (RAS) division will be rolling out Pentana AuditBDO UK, part of the international accountancy and business advisory firm, is to extend its use of Ideagen's internal auditing software to its South African member firm following its success in the United Kingdom.Pentana Audit will be rolled out across BDO South Africa's Risk Advisory Service (RAS) offering to help with internal audit services for its clients.BDO South Africa's RAS division provides outsourced internal audit services for organisations operating mainly within the mining sector. In addition to executing projects in South Africa, this division has a client bas
Willow67
30 Oct 2017
Trading update coming soon......seems some time ago we were testing 100
gretel
12 Oct 2017
New product for USA-based clients [link] to offer HIPAA-compliant cloud hosted audit automation solution09 October 2017 Ideagen, a global leader in providing regulatory and compliance management software solutions, has announced that it will meet the needs of its HIPAA regulated customers with the latest Pentana Audit hosted offering.HIPAA – the Health Insurance Portability and Accountability Act – sets the standard for protecting sensitive patient health data in the United States.Companies that deal with protected health information (PHI) must ensure that all the required physical, network and process security measures are in place and followed.Jack Leech, Ideagen’s Product Ambassador for Pentana, said: “Where US-based customers are in the healthcare industry, they will need assurance that Pentana is HIPAA compliant in relation to any electronic protected health information (ePHI).“We are delighted to confirm that from today, Ideagen Pentana can now be supplied as a HIPAA-compliant offering, helping organisations achieve and maintain compliance with requirements in relation to ePHI data.”...........Pentana is Ideagen’s flagship audit automation software solution. The software is trusted and used by over 450 clients worldwide including Heineken, BBVA, BDO, Standard Life and the European Central Bank."
gretel
09 Oct 2017
New product launch news [link] launch enhanced PatientFirst software following Emergency Care Data Set (ECDS) revamp06 October 2017Ideagen, developers of healthcare software designed to modernise clinical workflows and analysis, has launched an enhanced version of its PatientFirst product following an overhaul of emergency care management in England. The PatientFirst update will allow NHS England organisations to capture in-depth patient and emergency care data to improve operational awareness for senior management and enhance the patient experience throughout A&E. The update comes following the launch of the new Emergency Care Data Set (ECDS) on Sunday, October 1st. The ECDS will replace the current but dated A&E Commissioning Data Set (CDS). Paul Kenyon, Senior Business Analyst at Ideagen, said: “The launch of the new ECDS will be a major overhaul for NHS England organisations who have been used to capturing and reporting on data in the same way for over 30 years.“Emergency care has moved on, and so has the needs of patients. The current CDS struggles to handle modern demographics going through the emergency care process and the structure and landscape of A&E has changed significantly with the introduction of specialised units, such as paediatric and minor injury units for example.”Paul added: “Ideagen’s PatientFirst has met this proposed change head on and will make it easier for organisations to meet the requirements of the new ECDS. It brings with it more granularity in terms of reporting and will make it easier to track a patient’s journey through the department.“For management, they will be able to analyse data quicker and easier than before and assess the performance of their department over a set period of time. For example, this could help with advanced bed management as they will be able to see what periods they expect a higher footfall passing through the A&E department.”Healthcare organisations will be required to report to the ECDS on a weekly basis with a cut-off date of March 2019 to be fully up and running in terms of quality and frequency of data capture. NHS England has set a five-phased approach to be ready for the 2019 deadline. However, PatientFirst has been launched specifically to help organisations meet the ECDS demands fully from October 1st. Paul added: “Using PatientFirst, organisations will be able to meet the demands of the ECDS immediately, almost two years ahead of the proposed deadline.”"
gretel
20 Sep 2017
Another airline contract win Another prestigious new airline contract win.....time for another run-up methinks, after this consolidation:[link] selects Ideagen Coruson for safety management20 September 2017 "AirAsia, Asia’s largest low-cost carrier, is to implement software from Ideagen to enhance processes around aviation safety, quality and risk management.With operations based in Malaysia, Thailand, Indonesia, Philippines and India, the airline will adopt Ideagen Coruson as its dedicated digital Safety Management System with business intelligence capability.Coruson will provide AirAsia’s management with complete oversight of business performance and standardise operations across the group’s nine airlines, in line with common safety, quality and risk targets........Ideagen Coruson is Ideagen’s cloud-based GRC software product and is used by some of the most well-known aviation organisations in the world including British Airways, Ryanair and Haeco Group. The project with AirAsia will see key users including safety investigators, auditors and risk owners using the system daily. The airline also confirmed Coruson would be accessible for its wider 20,000-strong workforce including pilots, cabin crew and engineers for safety event and hazard reporting."
gretel
19 Sep 2017
New contract win News:[link] Association of Headteachers launch Ideagen EasySite website during 120th anniversary 18 September 2017The National Association of Headteachers (NAHT) is to launch a new website during its 120-year anniversary using software from Ideagen.NAHT, which is both a trade union and professional association for school leaders in England, Wales and Northern Ireland, will redesign its current website with Ideagen EasySite.EasySite is Ideagen's web and enterprise content management software and NAHT will transform its current site to provide its 29,000 members with resource, advice and guidance information.etc"
gretel
14 Sep 2017
IDEA listed in Gartner Good news:[link] listed in Gartner’s Market Guide for Corporate Compliance and Oversight Solutions11 September 2017Gartner, the global information technology research and advisory firm, has listed Ideagen in its latest review of the Corporate Compliance and Oversight (CCO) Solutions market report.The ‘Market Guide for Corporate Compliance and Oversight Solutions’ report will help security and risk management leaders supporting compliance programs to identify key selection criteria for a CCO solution.CCO “solutions help to standardise and automate compliance activities to increase efficiency and effectiveness of compliance management programs."The report, which Gartner says will “provide more understanding of the market and its offerings”, reads: “One of the biggest challenges for compliance leaders is the speed of change.“CCO solutions enable a common cross-enterprise approach to compliance activities that most affect the regulatory oversight of corporate governance through support of the five major requirements for managing a compliance program: policy development, regulatory aggregation, normalization and mapping, control monitoring, workflow management, and case management.“The corporate compliance and oversight solutions market is mature in its primary feature set, but differentiation lies in areas such as user-friendliness, quick and easy implementation, integration with other integrated risk management (IRM) solutions, and good visualization and reporting capability.”Ideagen, which currently helps over 3,000 organisations globally to manage compliance, quality, risk and safety, was named as one of the CCO markets’ Representative Vendors.Colin Smith, Head of Ideagen’s Banking, Finance and Audit operations, said: “Gartner is the world’s leading IT industry analyst and to be named in its CCO Market Guide we feel is a great achievement for Ideagen. We believe it is very much a testament to both our software and the work we are doing in the CCO space.”Ideagen provides quality, safety, audit, performance and risk management software and expertise and has operations in the UK, the European Union, the United States and the Middle East.The company has an excellent portfolio of software products and helps the world's leading brands to improve operational efficiency, strengthen compliance and oversight and anticipate and manage every detail of risk to reduce costs and improve efficiency.Ideagen’s customer base includes many blue-chip organisations such as BAE Systems, Commerzbank, BDO, PwC, Shell and the European Central Bank as well as 150 hospitals in the UK and US.The company counts eight of the top ten UK accounting firms, 80% of the UK NHS, the top seven global aerospace and defence companies and 17 out of the top 25 global pharmaceutical companies as part of its highly regulated client base."
gretel
13 Sep 2017
New contract win Another new contract. Quite a prestigious one too:[link] International Ltd launch Ideagen Q-Pulse as its UK-wide quality management system12 September 2017 "Major drinks manufacturer, Halewood International Ltd ªË, is to launch a UK-wide quality management system using software from Ideagen.The producers of Crabbie¡¯s, Lambrini and Red Square Vodka ¨C among other brands ¨C will adopt Ideagen Q-Pulse for the management of key operational documentation such as quality policies, specification information, consumer feedback and internal and external audits.Q-Pulse will become the company¡¯s single quality database ensuring Halewood¡¯s sites, customer and consumers in the UK have access to a central area of communication and information.The UK-project could also extend across its global operations including Romania, South Africa and China.Neville Clifford, Halewood International Ltd¡¯s Technical Manager, said Q-Pulse would bring an end to each site operating individual quality management systems.He said: ¡°Currently there is no single point of information for our products and other areas such as the general management of quality. Each of our sites are operating as individual businesses.¡°The principle driver for this project is to have a single, central quality management system so that all of our staff and sites are working to correct policies and procedures. For example, if we decide to change the ingredients for one of our brands, it will be centrally controlled and communicated to ensure there are no deviations or areas of confusion.¡°We require documents such as our quality policy to be freely and quickly available at all sites. Q-Pulse provides us with that set-up and gives us the chance to communicate to everybody within the business through one central and electronic portal.¡±Halewood International Ltd¡¯s corporate set up includes several manufacturing, packaging and bottling plants. As well as its UK headquarters in Liverpool, it has five other sites across the UK and several globally including a manufacturing winery in Romania, bottling and fermenting plant in South Africa and contract pack operations in China and Myanmar.As well as Crabbie¡¯s, Lambrini and Red Square Vodka, Halewood¡¯s other leading brands include JJ Whitley Gin, Pogues Whiskey and Willow Water.Neville added: ¡°Q-Pulse will be the system that will tie all of our UK sites together. It will become our central quality system where our staff will be able to share information across multiple sites. We are looking forward to seeing some real, operational benefits from using the system.¡±
Willow67
05 Sep 2017
Re: News - new contract win Thanks again gretel. They really have this sector wrapped up don't they. I wonder whether it could ultimately give them a ton of pricing power in the future. Its not as if an airline is going to ditch its safety, risk and reporting system in a rush unless there is a clear alternative.
gretel
04 Sep 2017
News - new contract win Yet another airline contract win today:[link] Air Group chooses Ideagen Coruson to enhance aviation safety management04 September 2017Lion Air Group, the largest private airline carrier in Indonesia, is to enhance aviation safety management with software from Ideagen.Ideagen Coruson, Ideagen’s enterprise cloud-based software, will be implemented as an organisation-wide safety, reporting and risk management solution.The software will provide Lion Air Group with safety performance oversight across its six affiliated AOCs, delivering detailed performance data to quickly highlight potential safety weaknesses and risks, such as those linked to pilot fatigue or aircraft incidents.Coruson will replace an older system, helping to strengthen the airline’s safety culture through functionality such as smart forms, GEO tagging and a mobile app for detailed reporting.Jose Fernandez, Group Safety & Quality Director, said: “Ideagen Coruson will be our dedicated safety, quality, risk and reporting solution and it will provide us with excellent functionality to enhance a number of areas within the organisation, particularly our safety reporting and risk management.“Our current system offers no easy way to gauge safety performance across any of our affiliates, resulting in difficulties when trying to assess overall airline performance. Coruson will change this. “We are particularly excited to be working with Ideagen and its Coruson software, which will provide us with a central software solution for safety, risk and reporting and allow us to strengthen safety foundations ahead of planned future growth.”Based in Jakarta, Lion Air Group flies to more than 183 routes across all corners of Indonesia from Sabang to Merauke as well as through several international countries such as Singapore, Malaysia, Australia, India, China and Saudi Arabia.Currently in the middle of a period of rapid growth, Lion Air Group is planning to add to its 332-strong fleet of Boeing 747-400s, 737-800, 737-900 ER, 737 MAX 8, ATR 72-500, ATR 72-600, Airbus A330-300s, Airbus A320 CEO, Hawker 900 XP, EC 135-P2e, and Cesna 172. Mr Fernandez added: “Coruson is scalable and the main value we will see from the system is that scalability and ease of deployment across three countries and six AOCs.“The number of services we will be able to offer will continue to grow because of the aviation market in Indonesia, which continues to grow rapidly. Ideagen Coruson will tie in nicely with our ambitious growth plan.”Ideagen is a market leader and innovator in aviation safety, quality, risk and performance management. The company currently has more than 300 aviation clients across the globe, including Emirates, the International Airlines Group, Ryanair, Thomas Cook, Flybe and KLM."
gretel
04 Sep 2017
Impressive new non-exec appointment announced today. He has a nice track record in building up and then selling companies (hint hint?!):[link] Wearing, Chairman, commented that:"We are delighted that Tony has agreed to join the Board. He brings to Ideagen a wealth of experience in successfully developing and commercialising market-leading software, which will be extremely helpful as we continue to drive forward the growth of the business."
