Ideagen plc, a UK-based, global software firm, has acquired American quality inspection software provider InspectionXpert.
Based in Raleigh, NC, InspectionXpert currently generates $2.8 million in revenue and will bring more than 1,000 clients including Boeing, Kohler and Pratt & Whitney to Ideagen's existing customer base.
Ideagen CEO Ben Dorks said, "As well as significantly enhancing our manufacturing supply chain product suite, the acquisition of InspectionXpert provides Ideagen with a fantastic opportunity for growth by broadening upsell and cross-selling opportunities, increasing our customer footprint and expanding our geographical reach."
InspectionXpert's products, InspectionXpert and QualityXpert, enable organizations in the precision manufacturing industry and associated supply chains to simplify inspection planning, execution and reporting and general quality through digitalization of paper-based processes.
Jeff Cope, Founder of InspectionXpert, will join the Ideagen Group as Senior Product Manager for InspectionXpert and QualityXpert. He said, "When I developed the initial InspectionXpert program in 2004, I was trying to address a need I saw in precision manufacturing to simplify quality inspection reporting and ensure a greater accountability over the QA chain. I am so excited that we are joining the Ideagen Group and that we will now be able to introduce our products to a range of new clients across the globe."
InspectionXpert and QualityXpert will be integrated into Ideagen's existing software suite, which will enhance Software as a Service (SaaS) revenues and provide excellent opportunities for future growth.
Dorks added, "The acquisition of InspectionXpert demonstrates Ideagen's commitment to our U.S. growth strategy with $15 million invested in the U.S. this year.
"We have more of new logo wins in this region than anywhere else in the world and this market will continue to be a strategic focus for us. As a UK company, it is important for us to both supply and invest in the U.S., in order to support our global growth plan."
For more information contact:
Ideagen plc
11710 Plaza America Dr., Ste. 2000
Reston, VA 20190
info@ideagen.com
www.ideagen.com
InspectionXpert
56 Hunter St., Ste. 330
Apex, NC 27502
800-379-0322
www.inspectionxpert.com