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Birmingham Post

Technology

Tom Pegden

Business software firm sold in £1bn-plus deal

United States Ideagen HG

A global business software company has been sold to an investment company in a deal worth more than £1 billion.

Shareholders in Nottingham-based Ideagen have formally agreed the sale to an offshoot of software and services investor Hg.

Ideagen has seen substantial growth since its admission to the Alternative Investment Market (AIM) on the London Stock Exchange, investing heavily in acquisitions.

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