Ideagen (AIM:IDEA) positive trading update and attractive business model
The highly rated supplier of compliance based Information Management software for organisations operating within highly regulated industries has delivered a positive trading update and news of a major award notice. Lots of delightful recurring revenue from this one!
Trading in the first half of the year ending 31st October 2015 has remained strong with revenues and adjusted EBITDA expected to be significantly ahead of the same period last year and in line with market expectations.
Following the integration of the Gael and EIBS businesses in the prior year, the Group expects to show underlying organic core revenue growth of approximately 6% for the period.
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