Shareholders at a global software firm based in Nottinghamshire office have backed the sale of the business. Ideagen, which operates in the governance, risk and compliance (GRC) sector, is set to be acquired by Hg, a leading software and services investor, in a deal that surpasses £1 billion.
In a trading update, the firm announced that the resolution was approved by the majority in a meeting held on June 23. The Scheme Shareholders who voted in favour of the deal represented no less than 75 per cent.
Ben Dorks, Ideagen CEO, said: "This is incredibly exciting news for Ideagen. Hg share our values and our ambition, whilst their operational experience in software has successfully helped businesses to accomplish their goals many times over. This new relationship will give us the ability to accelerate even faster, serve our customers better and scale our business further across the globe."
