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Ideagen PLC (IDEA)

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Thursday 30 May, 2019

Ideagen PLC

Contract Award with New Tier 1 Airline Customer

RNS Number : 5349A
Ideagen PLC
30 May 2019


("IDEA", the "Group" or the "Company")


New Contract Award with New Tier 1 Airline Customer

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management Software to highly regulated industries, is pleased to announce that it has won a new SaaS contract with a new Tier 1 airline customer, worth £1.2 million over its three-year term.

The airline, a global leader operating over 3,000 flights across six continents, will use Ideagen's safety management software Coruson to enable 65,000 users to log and report all safety incidents across its entire operation.

Ben Dorks CEO commented: "We are delighted to be awarded this important contract with a prestigious new customer. The implementation of systems to further improve airline safety is vital for the industry and it is a testament to our product and people that another global airline has selected Coruson. It is also encouraging to see the sales momentum of last year continuing into the first month of the new year."


Ideagen plc

01629 699100

David Hornsby, Executive Chairman


Ben Dorks, Chief Executive


Graeme Spenceley, Finance Director



finnCap Limited

020 7220 0500

Henrik Persson/James Thompson (NOMAD)


Alice Lane (ECM)



Canaccord Genuity Limited

020 7523 8000

Simon Bridges/Richard Andrews



About Ideagen plc

Ideagen is a UK-headquartered, global technology company quoted on the London Stock Exchange AIM market (Ticker: IDEA.L).

The Group provides software and services to organisations operating within highly regulated industries such as aviation, banking and finance and life science, with its main operational premises spread throughout the UK, EU, US, Middle East and SE Asia.

With an excellent portfolio of software products including Q-Pulse, Coruson, Pentana Audit and PleaseReview, Ideagen helps its clients reduce costs, improve operational efficiency, strengthen compliance and oversight and anticipate and manage every detail of risk.

Currently, more than 4,700 organisations use Ideagen's products including seven of the top 10 UK accounting firms, all of the top aerospace and defence companies and 75% of the world's leading pharmaceutical firms.

Ideagen's diverse and varied customer base includes many well-known, global brands such as British Airways, Aggreko, BAE, Ryanair, US Navy, KLM, BBVA, Bank of New York, Commerzbank, Meggitt, Heineken, Johnson Matthey, Haeco Group and European Central Bank. As well as this, Ideagen counts 180 hospitals across the UK and US amongst its client base.

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