Monday, September 21, 2020

Listed firm swoops for Sheffield software specialist

Qualsys, a Sheffield-based Electronic Quality Management Software (EQMS) specialist, has been acquired by Nottingham-based AIM-listed counterpart Ideagen.

Qualsys was started in 1995 by Mike Pound and Mike Bendall and now employs more than 50 people. Its products are used by more than 500,000 people in more than 120 countries.

It has blue chip customers – such as Diageo, Unilever, Honeywell and BT – across a range of industries, including pharmaceutical, healthcare, complex manufacturing and food and drink.

In 2016, Qualsys started to develop a new cloud native version of their software (Version 7) using the latest web technologies available and has now invested more than £3 million in R&D. The product was launched late last year and has been well received by the market, securing new customers across multiple industries.

“This is fantastic acquisition for Ideagen and will have a significant impact on our position in the EQMS market,” said IDeagen CEO Ben Dorks.

“The latest iteration of their product will sit perfectly within our Q-Pulse product family and will integrate into the Quality Management component of our Quality, Health, Safety and Environment (QHSE) cloud platform.

“This will ensure we can offer our existing and new customers, the latest developments in EQMS, together with the tried and tested expertise of Ideagen’s team of developers and support people, as well as a wider suite of products to meet all of their audit, risk and compliance requirements.”

The deal is expected to contribute £0.6 million in EBITDA within the current financial year and £1.5 million in the year to April 2022.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

York hotel plan gets go-ahead

A new hotel is to be built on Micklegate in York, after planning approval was granted by just one vote. The 62 bedroom hotel, with...

Hull’s Whitefriargate secures £1.75m grant from Historic England

Whitefriargate in Hull has received a grant of £1.75m from Historic England. Hull City Council was informed earlier this year that its funding bid, for...

Facelift planned for prominent Sheffield building

A planning application proposing a significant facelift to Sheffield's Gaumont building, located on the junction between Barker’s Pool and Burgess Street in the city...

Pandemic sees major slide in recruitment plans as firms play it safe

Almost half of firms in the UK plan to reduce recruitment or not recruit at all over the next year, according to an annual...

The times they are a-changing

Bob Dylan’s immortal words couldn’t be more accurate in this day and age as many of us are having to learn new skills and...

NPIF cash for Sheffield smart sensor company

Sheffield tech company, Tribosonics, has raised £1.1 million to develop and grow its smart sensors which helps industry reduce costs. The company embeds sensors within...

Related news

York hotel plan gets go-ahead

A new hotel is to be built on Micklegate in York, after planning approval was granted by just one vote. The 62 bedroom hotel, with...

Hull’s Whitefriargate secures £1.75m grant from Historic England

Whitefriargate in Hull has received a grant of £1.75m from Historic England. Hull City Council was informed earlier this year that its funding bid, for...

Facelift planned for prominent Sheffield building

A planning application proposing a significant facelift to Sheffield's Gaumont building, located on the junction between Barker’s Pool and Burgess Street in the city...

Pandemic sees major slide in recruitment plans as firms play it safe

Almost half of firms in the UK plan to reduce recruitment or not recruit at all over the next year, according to an annual...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close