M&A Deal Summary

Ideagen Acquires Medforce Technologies

On April 6, 2018, Ideagen acquired software company Medforce Technologies for 9M USD

Acquisition Highlights
  • This is Ideagen’s 7th transaction in the Software sector.
  • This is Ideagen’s 5th largest (disclosed) transaction.
  • This is Ideagen’s 1st transaction in the United States.
  • This is Ideagen’s 1st transaction in New York.

M&A Deal Summary
Date 2018-04-06
Target Medforce Technologies
Sector Software
Buyer(s) Ideagen
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

Medforce Technologies

Suffern, New York, United States
Medforce Technologies, Inc. is a provider of productivity enhancing software and services to help healthcare organizations adapt quickly to change and do more with less. Medforce Technologies, Inc. was established in 1993 and is based in Suffern, New York.

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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 9 of 23
Sector (Software) 7 of 16
Type (Add-on Acquisition) 9 of 23
State (New York) 1 of 1
Country (United States) 1 of 6
Year (2018) 1 of 2
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 PleaseTech

Malmesbury, United Kingdom

PleaseTech Ltd. specialises in the development of software solutions for collaborative authoring and review of corporate documentation. PleaseTech has over 180 customers worldwide using its PleaseReview software product including 70% of leading pharmaceutical and biotech organisations and four of the largest defence organisations globally. PleaseTech also has a significant customer base in government, transport and manufacturing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 InspectionXpert

Apex, North Carolina, United States

InspectionXpert Corp. is a provider of inspection planning and reporting software for precision manufacturers. InspectionXpert Corp. was founded in 2004 and is based in Apex, North Carolina.

Buy $7M
Mergr

Product

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