CHICAGO, September 11, 2018 /PRNewswire/ --
Ideagen plc, the UK-based, leading
global software firm, today announced the acquisition of American
quality inspection software provider, InspectionXpert.
Based in Raleigh, North Carolina, InspectionXpert
currently generates $2.8 million in
revenue and will bring more than 1,000 clients including Boeing,
Kohler and Pratt & Whitney to Ideagen's existing customer
base.
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Speaking at IMTS, Chicago, Ideagen CEO, Ben Dorks, said: "As well as significantly
enhancing our manufacturing supply chain product suite, the
acquisition of InspectionXpert provides Ideagen with a fantastic
opportunity for growth by broadening upsell and cross-selling
opportunities, increasing our customer footprint and expanding our
geographical reach."
InspectionXpert's products,
InspectionXpert and QualityXpert, enable organisations in the
precision manufacturing industry and associated supply chains to
simplify inspection planning, execution and reporting and general
quality through digitalisation of paper-based processes.
Jeff
Cope, Founder of InspectionXpert, will join the Ideagen
Group as Senior Product Manager for InspectionXpert and
QualityXpert. He added: "When I developed the initial
InspectionXpert programme back in 2004, I was trying to address a
need I saw in precision manufacturing to simplify quality
inspection reporting and ensure a greater accountability over the
QA chain. I am so excited that we are joining the Ideagen Group and
that we will now be able to introduce our products to a range of
new clients across the globe."
InspectionXpert and QualityXpert will
be integrated into Ideagen's existing software suite, which will
enhance Software as a Service (SaaS) revenues and provide excellent
opportunities for future growth.
Mr Dorks added: "The acquisition of
InspectionXpert demonstrates Ideagen's commitment to our US growth
strategy with $15 million invested in
the US this year.
"We have more new logo wins in this
region than anywhere else in the world and this market will
continue to be a strategic focus for us. As a UK company, it is
important for us to both supply and invest in the US, in order to
support our global growth plan."
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MEDIA CONTACT:
Ideagen Media Contact at
IMTS
Heather Astbury
Managing Director and Co-Founder
The Reputation People
+44-(0)-7340-158049
Ideagen Media Contact
Joe O'Brien
PR & Media Relations
Ideagen
+44-(0)-1629-699100
+44-(0)-7916-131501