Software firm expands into health & safety sector with £6.8m acquisition

A firm that supplies information management software to highly regulated industries has acquired an e-learning platform in a deal worth £6.8m.

Ideagen has purchased the entire issued share capital of SaaS firm Workrite, which specialises in e-learning for the occupational health and safety market.

Workrite, which is based in West Sussex, provides e-learning solutions to clients such as London Stock Exchange, Panasonic, Kings College London, The Law Society and Credit Suisse.

David Hornsby, executive chairman of Ideagen, commented; “ We are delighted to announce our third acquisition of the year.

“Workrite is highly complementary to Ideagen and in line with our strategy of acquiring businesses that have strong IP and recurring revenues.

“EHSQ [Environmental, health & safety and global quality] is a valuable yet fragmented market and the acquisition will further enhance our market position providing a leading e-learning solution for new and existing customers.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →