Ideagen and ProcessMAP to combine their strengths to create a world-leading health and safety software solution
• 3 minute read
Ideagen, a trusted name in software solutions for regulated industries, has today announced it has entered into a definitive agreement to acquire ProcessMAP.
“Both organisations share a common purpose, and this provides a compelling opportunity to do more to support the safe hands and quiet voices that protect the world. Adding ProcessMAP into Ideagen’s existing suite of solutions builds on our combined strengths and enhances the ways we support organisations to manage their quality, health, safety and environmental needs.”
Ben Dorks, CEO of Ideagen
Today’s announcement will see ProcessMAP become “ProcessMAP – an Ideagen solution” with customers benefiting from Ideagen’s expertise as a leading regulatory software provider and access to a wider portfolio of solutions including quality, collaboration audit, and risk management. It also provides an opportunity for Ideagen to enhance its health and safety offering to the 10,000 organisations it already supports worldwide.
“The increased importance of strong corporate ESG strategies has prompted our customers to think and act responsibly to ensure safe and ethical practices for employees and customers. By combining with Ideagen, we will create a category leading EHSQ software business, sharing talent, technology, innovation, and geographical reach to expand globally, leveraging each other’s infrastructure and customer base.”
Dave Rath, CEO of ProcessMAP
ProcessMAP’s existing customers are in good company, Ideagen helps the world’s top seven aerospace and defence companies, 15 of the top 20 pharmaceutical companies, nine of the top 10 accounting firms, over 250 hospitals in the UK and US and over 300 aviation organisations globally, to protect their businesses.
“We have, within our global footprint, a diverse mix of large corporations, small, and mid-market customers, whose need for software solutions increase as they grow in size, geographic spread, or place increasing importance on ESG reporting. This combination provides us with an exciting opportunity to support existing and new customers with a best-in-class health and safety solution that is appropriate to their needs and flexible enough to scale as they evolve.”
Ben Dorks, CEO of Ideagen
This will be Ideagen’s second acquisition of 2022 and the fifth since the summer of 2021, as it continues to strengthen its portfolio of software solutions for regulated industries.
Hg, a leading software and services investor, will remain as majority investor in the combined business.
“This is a significant milestone for both businesses and it’s exciting to see such strategic progress so early in our work together. Both Ideagen and ProcessMAP are high quality businesses, with complementary product suites and diversified regional cover across Europe, North America and APAC. Together the business will be better positioned to serve its customers and take advantage of the numerous tailwinds in regulation, compliance and ESG. We are looking forward to further expansion in the coming months.”
Christopher Fielding, Joris Van Gool and Jean-Baptiste Brian, Partners at Hg
The transaction is expected to close in 2022 and is subject to customary closing conditions.
NOTES TO EDITORS
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About Ideagen
Ideagen is a leading provider of global regulatory and compliance software, serving highly regulated industries such as life sciences, healthcare, banking and finance and insurance. Its award-winning portfolio of software solutions support the safe hands that protect organisations, helping to minimise risk, strengthen compliance and keep people safe.
Over 10,000 companies use our solutions to help protect their organisations including over 300 global aviation organisations, nine of the top ten UK accounting firms, seven of the top global aerospace and defence companies and 15 of the top 20 global pharmaceutical companies.
Ideagen is headquartered in the UK, with key hubs in the UK, USA, Australia, Middle East and South East Asia.
About ProcessMAP
ProcessMAP Corporation, a leader in data-intelligence-driven smart environmental, health, and safety (EHS) software solutions, empowers global customers to make informed decisions today for a better tomorrow. Our platform gives customers the ability to automate, aggregate, track, and analyze their business operations to drive their EHS and ESG commitments. ProcessMAP headquarters are located in Ft. Lauderdale, Florida, with innovation centers across the globe. The company supports customers in over 140 countries. Visit https://www.processmap.com/ to learn more.
About Hg
Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses.
Hg has funds under management of over $55 billion, with an investment team of over 160 professionals, including a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich, New York, Paris and San Francisco, Hg has a portfolio of over 46 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 80,000 employees globally, growing at over 20% per year.