Compliance and risk management software firm Ideagen has made another acquisition with the purchase of Edinburgh-based Reactec – a provider of innovative wearable technology with intuitive data analytics.
It comes as Nottingham-headquartered Ideagen looks to enhance safety and operational excellence for its customers, particularly those in high-risk industries such as mining, construction and manufacturing.
Reactec’s workplace wearables and cloud-based analytics help to enable businesses to take a more proactive approach to the management of workplace hazards, including exposure to vibration, dust, noise and proximity to hazards.
“This is a significant milestone for Ideagen as we continue to invest in technologies that address real-world challenges faced by our customers,” said Ben Dorks, CEO of Ideagen (pictured, main image).
“Reactec’s wearable technology and data analytics are a perfect complement to our portfolio, putting cutting-edge tools directly into the hands of those who need it most. Together, we are setting new standards for workplace safety and risk mitigation.”
Jacqui McLaughlin, CEO of Reactec, added: “At Reactec, our core mission has always been to protect workers and provide actionable insights that foster healthier and safer work environments.
“Becoming part of Ideagen allows us to extend our reach and provide even greater value to organizations that are forward thinking in their approach to enhancing the health and wellbeing of their workers.
“We, like Ideagen, seek to prevent and not simply mitigate risk. We can totally see the value our technology can bring to Ideagen’s existing customer base and look forward to working with them to deliver real impact.”
Archangel Investors, a Scottish investment syndicate, was an early investor in the University of Edinburgh spinout, supporting the company’s evolution from a specialised hand-arm vibration monitoring solution to a comprehensive workplace safety platform utilising wearable technology and data analytics.
The acquisition shows Ideagen’s commitment to driving innovation and delivering comprehensive solutions that support safer healthier compliant workplaces while improving operational efficiency.
It marks the RegTech’s sixth acquisition of the year and comes just a week after its deal to buy WorkSafe Guardian.
Ideagen is trusted by over 16,000 companies to help solve quality, risk, audit and compliance challenges, including some of the world’s biggest names in mining and construction; 250 global aviation organisations; nine of the top global aerospace and defense corporations; 15 of the top 20 global pharmaceutical companies; over 900 hospitals and healthcare centres; and nine of the top ten accounting firms.