November 10, 2011 02:00 ET

Half Trading Update

                                         Half Year Trading Update
                                                Ideagen plc
                                       ("Ideagen" or the "Company")

Ideagen,  a  leading supplier of On-Demand Information and Compliance Solutions, is pleased  to  publish  a
trading update for the half year ended 31 October 2011.

The  Company  expects to report first half results from its continuing operations that are  comfortably  in
line  with  the Board's expectations.  Ideagen expects to report revenues of no less than £1.7m  (H1  2010:
£1.1m)  adjusted EBITDA* of no less than £0.51m (H1 2010: £0.25m) and adjusted PBT** of no less than £0.48m
(H1  2010:  £0.24m). At the period end the cash balances stood at £1.166m (H1 2010: overdraft of  £0.016m).
Ideagen will release its results for the half year ended 31 October 2011 in January 2012.

David  Hornsby,  Chief Executive, said: "I am delighted with the progress we have made in  the  first  half
which  has  seen  our  revenues  grow  by over 50% and our profits  grow  by  over  100%  compared  to  the
corresponding period last year. Despite the economic climate, world class businesses continue to invest  in
our  software to help them comply with industry rules and regulations. I am particularly pleased to  report
that  we  are  now competing and winning on a global basis with significant sales success in  the  USA  and
Germany which we believe will support further growth this year and beyond."

*earnings before interest, tax, depreciation, amortisation and share based payments
** profit before tax, share based payments and amortisation of acquired intangibles

 For further information, please contact:

Ideagen  plc                                                                    Tel:  +44  (0)1438 347110
David Hornsby, Chief Executive

finnCap                                                                         Tel: +44 (0)20 7220 0500
Marc Young/Ben Thompson (Corporate Finance)
Stephen Norcross (Corporate Broking)

Walbrook                                                                         Tel: +44 (0)20 7933 8780
Bob Huxford / Helen Westaway (Media Relations)
Paul Cornelius (Investor Relations)

Contact Information

  • Ideagen