M&A Deal Summary

Ideagen Acquires Huddle

On December 23, 2020, Ideagen acquired internet software and services company Huddle from Turn/River

Acquisition Highlights
  • This is Ideagen’s 2nd transaction in the Internet Software and Services sector.
  • This is Ideagen’s 10th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-12-23
Target Huddle
Sector Internet Software and Services
Buyer(s) Ideagen
Sellers(s) Turn/River
Deal Type Add-on Acquisition

Target

Huddle

London, United Kingdom
Huddle is a provider of SaaS-based secure content collaboration and workflow solutions primarily in the UK and USA. Huddle provides cloud-based secure document collaboration and compliance software, which is complementary to Ideagen’s industry-leading PleaseReview package. Huddle was founded in 2006 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Ideagen

Ruddington, United Kingdom

Category Company
Founded 1993
Sector Software
Employees697
Revenue 66M GBP (2021)
DESCRIPTION

Ideagen is a software development business specializing in information management solutions for organizations that operate within industries that are subject to high regulatory standards. Ideagen was founded in 1993 and is based in Ruddington, United Kingdom.


DEAL STATS #
Overall 14 of 27
Sector: Internet Software and Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 14 of 27
Country: United Kingdom M&A 10 of 14
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Qualsys

Sheffield, United Kingdom

Qualsys Ltd. is an EQMS (Electronic Quality Management Software) company. Qualsys is based in Sheffield, United Kingdom.

Buy £16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Qualtrax

Blacksburg, Virginia, United States

Qualtrax is a document control tool that works with companies worldwide to assist them with achieving compliance goals. This includes not only managing documentation, but automating key business processes, streamlining training management, and ensuring critical industry regulations are addressed. Qualtrax was formed in 1993 and is based in Blacksburg, Virginia.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Turn/River is a private investment firm that specializes in growth capital investments, buyouts, spin-outs, and recapitalizations of small-scale technology, web and Saas companies. The Firm has a particular interest in bootstrapped companies. Turn/River Capital is based in San Francisco, California.


DEAL STATS #
Overall 6 of 9
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 5
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 ASCI

Morristown, New Jersey, United States

ASCI is a provider of ActiveBatch software, which helps organizations centralize their business and IT processes in one solution. ASCI enables companies to reduce costs, both by eliminating human error and by allowing them to redeploy resources into more high-value tasks. ASCI is based in Morristown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 PairSoft

Miami, Florida, United States

PairSoft provides procure-to-pay automation, helping businesses optimize their AP workflows with AI-powered solutions and seamless ERP integrations. PairSoft is based in Miami, Florida.

Buy -