Acquisition of e-learning and information solutions business
IDOX plc (AIM: IDOX, 'IDOX' or the 'Company'), a leading independent supplier of software and services, has acquired Interactive Dialogues Limited and Interactive Dialogues NV ("ID") for a total consideration of €2.2m (£1.9m) in cash.
ID is a leading supplier of e-learning and information solutions in Europe enabling organisations to conduct 'dialogues' with employees, customers and suppliers to achieve legislative compliance in areas such as Competition Law and the UK Bribery Act. The company is based in the UK and Belgium and its global client base includes Associated British Foods, Hays, E.ON AG, Alstom, PricewaterhouseCoopers, AB InBev and Xstrata.
An initial payment of €2m has been made on completion and a further €0.2m is payable one year after completion subject to the fulfillment of certain conditions. ID had revenues of €2.4m for the year ended 31 May 2011.
The acquisition of ID extends the range of solutions available within the Idox Information Solutions business and provides Idox with an e-learning platform that will be used to support customers across the Group.
Richard Kellett-Clarke, IDOX CEO, said:
"ID provides a compelling mix of content and software that fits with our core information solutions strategy of delivering quality datasets through robust technology in markets where we can develop a leading position. Integrating ID into our information solutions business enables us to leverage our core skills. This will accelerate growth in the ID business as well as developing online learning propositions across our existing customer base in both the public and private sectors."
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Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
William Edmondson, Chief Financial Officer
Investec Investment Banking
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Charles Cunningham (Corporate Finance)
Stephen Norcross (Corporate Broking)
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Adrian Duffield / Kay Larsen
About IDOX plc
IDOX plc is a supplier of software solutions and services to the UK public sector and increasingly to the wider corporate sector. It is the leading applications provider to local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers.
The Group provides public sector organisations with tools to manage information and knowledge, documents and content, business processes and workflow as well as connecting directly with the citizen via the web.
These capabilities have been recently extended via the acquisition ofMcLaren Software into the related area of engineering document management and control applications, serving many leading international companies in industries such as oil & gas, mining, utilities, pharmaceuticals and transportation.
IDOX also supplies decision support content and additional specialist services via the IDOX Information Solutions business, as well as transforming approaches to knowledge and content management via consultancy and training in the UK and internationally.
In addition, it provides these specialist skills to customers through its TFPL branded recruitment division.
Interactive Dialogues ("ID") was founded in 1998 and serves a wide range of pan-European and global clients. ID's technical development and client support team is based in Guildford, UK and the sales, marketing and administration team is based near Brussels in Belgium.
ID believes that a coordinated approach to corporate communications and compliance helps to improve the continuous dialogue with employees, customers, suppliers and shareholders. This coordinated approach can also save considerable amounts of money by rationalising many different tool sets onto a single integrated communications platform. Communicating effectively is a vital component in achieving legal compliance. Interactive Dialogues supplies a single solution that provides on-line corporate communications and compliance services throughout an organisation.
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