Ideagen secures 0.7m pounds of new business contracts

Ideagen, the AIM-listed supplier of compliance-based information management, has signed approximately 700,000 pounds of new contracts under the Scottish Framework Agreement within its recently acquired healthcare business, Plumtree Group.

Ideagen, the AIM-listed supplier of compliance-based information management, has signed approximately 700,000 pounds of new contracts under the Scottish Framework Agreement within its recently acquired healthcare business, Plumtree Group.

The contracts are for the supply and implementation of dartEDM, Ideagen's flagship Electronic Document Management solution to the Western Isles National Health Services [NHS] Trust and Forth Valley NHS Trust and it is expected that 70% of the contract value will be recognised over the next 12 months.

The new contracts bring the total value of revenue generated under the agreement to approximately £1.2m, the company said.

Ideagen further disclosed that the integration of Plumtree into the company had completed and unveiled a series of non-board management changes.

Ben Dorks, formerly Sales Director of Plumtree, has been appointed as the company's Group Sales and Marketing Director and Barnaby Kent, formerly Chief Executive Officer of Plumtree, has been appointed Group Operations Director.

Additionally, the group reported that Graeme Harrop, Chief Operating Officer, has stepped back from the board but remains with the company as Professional Services Director with responsibility for the delivery within and the on-going development of major customers.

David Hornsby, Chief Executive Officer, commented: "I am delighted with these contract wins which significantly increases our footprint with the NHS in Scotland. The management changes will allow for a continued focus on the sale and delivery of enterprise projects both in the UK and the USA."

Ideagen's shares rose 1.64% to 23.25p at 08:23 on Tuesday.

MF

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