Ideagen, the UK-based global software firm, has acquired Optima Diagnostics for £1.8 million. Ideagen is looking to cement its market leadership in Quality, Health, Safety, and Environment management (QHSE).
Optima is a London-based SaaS company that developed OSHENS, a health and safety compliance software for tightly-regulated markets such as Aerospace, aviation, defence, and energy. The software currently has 80 customers, including Airbus, Sellafield, BAE Systems, and Edinburgh Airport, and £900,000 annual recurring revenue.
Ben Dorks, Ideagen’s CEO, said the acquisition supported Ideagen’s QHSE strategy: “Optima is a successful and profitable software company which will significantly strengthen our QHSE business unit."
David Hornsby, Ideagen’s Executive Chairman added: “Optima is a valuable addition to Ideagen and is in line with our strategy of acquiring businesses that have strong IP and recurring revenues. QHSE is a valuable yet fragmented market and the acquisition will further enhance our market position as we aim to further consolidate this sector.”
The acquisition of Optima is Ideagen’s eighteenth in the last seven years and its third in 2019.