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Ideagen PLC Announces Acquisition of Pentana Ltd


Wednesday, 20 Nov 2013 02:00am EST 

Ideagen PLC announced the acquisition of the entire issued share capital of Pentana Limited and its subsidiary Pentana Inc (Pentana) for an initial net cash consideration of £2.25 million (the Acquisition) payable from Ideagen's existing cash reserves. Additional cash consideration of up to £0.8 million will be payable should certain recurring revenue targets be met over the 12 months following completion, the maximum net cash consideration is therefore £3.05 million. The net consideration will be met from Ideagen's existing cash reserves. Pentana is a software company established in 1992 that has developed several Information Management software solutions for regulated organisations. 

Company Quote

32.25
0.125 +0.39%
19 Sep 2014