IDEA.L Regulatory News (IDEA)

Ideagen plc

("Ideagen" or the "Company")

Contract Wins and Board Change

Ideagen PLC (AIM: IDEA), a leading supplier of Compliance based Information Management, is pleased to announce continued robust trading and that it has signed approximately £700k of new contracts under the Scottish Framework Agreement ("the agreement") within its recently acquired healthcare business, Plumtree Group Limited ("Plumtree").

The contracts are for the supply and implementation of dartEDM, Ideagen's flagship Electronic Document Management solution to the Western Isles NHS Trust and Forth Valley NHS Trust, it is expected that 70% of the contract value will be recognised over the next 12 months. These new contracts bring the total value of revenue generated under the agreement to approximately £1.2m

The integration of Plumtree into the Company is now complete and to take advantage of our growing opportunity the Company has made a number of non-board management changes. Ben Dorks, formerly Sales Director of Plumtree has been appointed as the Company's Group Sales and Marketing Director and Barnaby Kent, formerly CEO of Plumtree has been appointed Group Operations Director.

Additionally Graeme Harrop, Chief Operating Officer, has stepped back from the PLC board but remains with the Company as Professional Services Director with responsibility for the delivery within and the on-going development of our major customers. Graeme was formerly Professional Services Director for Microsoft UK and will focus on ensuring the successful implementation of our largest programmes.

David Hornsby, Chief Executive, commented, "I am delighted with these contract wins which significantly increases our footprint with the NHS in Scotland. The management changes will allow for a continued focus on the sale and delivery of enterprise projects both in the UK and the USA."

The Company is currently trading comfortably in line with market expectations and looks forward to providing a further update in May following the end of the current financial period.