{"id":1467,"date":"2018-09-30T00:00:00","date_gmt":"2018-09-30T00:00:00","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/north\/uncategorized\/ideagen-snaps-software-company-20-5m-deal\/"},"modified":"2025-02-28T14:38:18","modified_gmt":"2025-02-28T14:38:18","slug":"ideagen-snaps-software-company-20-5m-deal","status":"publish","type":"post","link":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/","title":{"rendered":"Ideagen snaps up software company in \u00a320.5m deal"},"content":{"rendered":"<p>Leeds-based software company Morgan Kai has been acquired in a \u00a320.5m deal by Nottingham-headquartered counterpart Ideagen.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft size-medium wp-image-7388\" src=\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2017\/06\/computer-laptop-300x200.jpg\" alt=\"computer-laptop\" width=\"300\" height=\"200\" \/><\/p>\n<p>Morgan Kai had developed an internal audit management product, MKinsigh,used by 370 customers across markets including the public sector, banking and finance, engineering, healthcare and energy, including\u00a0the UK National Audit Office, the US Federal Reserve, Investec, the New York Stock Exchange, Shell, Bombardier and Blue Cross Blue Shield.<\/p>\n<p>&nbsp;<\/p>\n<p>Ideagen will pay a total net consideration of \u00a320.5m for Morgan Kai Group, which generated a profit before tax of of \u00a3900,000 in 2017, to be funded from its recent share placing and from existing cash reserves.<\/p>\n<p>The acquisition will double the existing Ideagen internal audit business and \u00a0is expected to be immediately earnings enhancing.<\/p>\n<p>David Hornsby, executive chairman of Ideagen, said: &#8220;Morgan Kai is an extremely valuable addition to the Group and is in line with our strategy of acquiring GRC business that have strong IP and growing recurring revenues.<\/p>\n<p>&#8220;Internal audit has represented a core market for Ideagen since the acquisition of Pentana in 2013, the addition of MKinsight to our product portfolio will enhance our scale and capability and provide a strong platform for continued growth globally.&#8221;<\/p>\n<p>Dave Irwin and Andy Miller from\u00a0Sentio Partners\u00a0advised Morgan Kai on the sale of the business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leeds-based software company Morgan Kai has been acquired in a \u00a320.5m deal by Nottingham-headquartered counterpart Ideagen. Morgan Kai had developed an internal audit management product, MKinsigh,used by 370 customers across markets including the public sector, banking and finance, engineering, healthcare and energy, including\u00a0the UK National Audit Office, the US Federal Reserve, Investec, the New York [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,31],"tags":[113,142],"class_list":["post-1467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software","category-tech-sparx","tag-leeds","tag-nottingham"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ideagen snaps up software company in \u00a320.5m deal - Regional technology news - North - TechSparx - Business technology stories in the North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ideagen snaps up software company in \u00a320.5m deal - Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"og:description\" content=\"Leeds-based software company Morgan Kai has been acquired in a \u00a320.5m deal by Nottingham-headquartered counterpart Ideagen. Morgan Kai had developed an internal audit management product, MKinsigh,used by 370 customers across markets including the public sector, banking and finance, engineering, healthcare and energy, including\u00a0the UK National Audit Office, the US Federal Reserve, Investec, the New York [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-30T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T14:38:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editorial Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/\"},\"author\":{\"name\":\"Editorial Team\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e\"},\"headline\":\"Ideagen snaps up software company in \u00a320.5m deal\",\"datePublished\":\"2018-09-30T00:00:00+00:00\",\"dateModified\":\"2025-02-28T14:38:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/\"},\"wordCount\":218,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg\",\"keywords\":[\"Leeds\",\"Nottingham\"],\"articleSection\":[\"Software\",\"Tech Sparx\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/\",\"name\":\"Ideagen snaps up software company in \u00a320.5m deal - Regional technology news - North - TechSparx - Business technology stories in the North\",\"isPartOf\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg\",\"datePublished\":\"2018-09-30T00:00:00+00:00\",\"dateModified\":\"2025-02-28T14:38:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg\",\"contentUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg\",\"width\":960,\"height\":640},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.techsparx.co.uk\/north\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ideagen snaps up software company in \u00a320.5m deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#website\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/\",\"name\":\"Regional technology news - North - TechSparx - Business technology stories in the North\",\"description\":\"Regional technology news - Midlands, North, North - TechSparx\",\"publisher\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.techsparx.co.uk\/north\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#organization\",\"name\":\"Regional technology news - North - TechSparx - Business technology stories in the North\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png\",\"contentUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png\",\"width\":248,\"height\":80,\"caption\":\"Regional technology news - North - TechSparx - Business technology stories in the North\"},\"image\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e\",\"name\":\"Editorial Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g\",\"caption\":\"Editorial Team\"},\"sameAs\":[\"https:\/\/www.techsparx.co.uk\/north\"],\"url\":\"https:\/\/www.techsparx.co.uk\/north\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ideagen snaps up software company in \u00a320.5m deal - Regional technology news - North - TechSparx - Business technology stories in the North","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/","og_locale":"en_GB","og_type":"article","og_title":"Ideagen snaps up software company in \u00a320.5m deal - Regional technology news - North - TechSparx - Business technology stories in the North","og_description":"Leeds-based software company Morgan Kai has been acquired in a \u00a320.5m deal by Nottingham-headquartered counterpart Ideagen. Morgan Kai had developed an internal audit management product, MKinsigh,used by 370 customers across markets including the public sector, banking and finance, engineering, healthcare and energy, including\u00a0the UK National Audit Office, the US Federal Reserve, Investec, the New York [&hellip;]","og_url":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/","og_site_name":"Regional technology news - North - TechSparx - Business technology stories in the North","article_published_time":"2018-09-30T00:00:00+00:00","article_modified_time":"2025-02-28T14:38:18+00:00","og_image":[{"width":960,"height":640,"url":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg","type":"image\/jpeg"}],"author":"Editorial Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editorial Team","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#article","isPartOf":{"@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/"},"author":{"name":"Editorial Team","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e"},"headline":"Ideagen snaps up software company in \u00a320.5m deal","datePublished":"2018-09-30T00:00:00+00:00","dateModified":"2025-02-28T14:38:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/"},"wordCount":218,"commentCount":0,"publisher":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#organization"},"image":{"@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg","keywords":["Leeds","Nottingham"],"articleSection":["Software","Tech Sparx"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/","url":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/","name":"Ideagen snaps up software company in \u00a320.5m deal - Regional technology news - North - TechSparx - Business technology stories in the North","isPartOf":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage"},"image":{"@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg","datePublished":"2018-09-30T00:00:00+00:00","dateModified":"2025-02-28T14:38:18+00:00","breadcrumb":{"@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#primaryimage","url":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg","contentUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/computer-laptop.jpg","width":960,"height":640},{"@type":"BreadcrumbList","@id":"https:\/\/www.techsparx.co.uk\/north\/ideagen-snaps-software-company-20-5m-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.techsparx.co.uk\/north\/"},{"@type":"ListItem","position":2,"name":"Ideagen snaps up software company in \u00a320.5m deal"}]},{"@type":"WebSite","@id":"https:\/\/www.techsparx.co.uk\/north\/#website","url":"https:\/\/www.techsparx.co.uk\/north\/","name":"Regional technology news - North - TechSparx - Business technology stories in the North","description":"Regional technology news - Midlands, North, North - TechSparx","publisher":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.techsparx.co.uk\/north\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.techsparx.co.uk\/north\/#organization","name":"Regional technology news - North - TechSparx - Business technology stories in the North","url":"https:\/\/www.techsparx.co.uk\/north\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/","url":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png","contentUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png","width":248,"height":80,"caption":"Regional technology news - North - TechSparx - Business technology stories in the North"},"image":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e","name":"Editorial Team","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g","caption":"Editorial Team"},"sameAs":["https:\/\/www.techsparx.co.uk\/north"],"url":"https:\/\/www.techsparx.co.uk\/north\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts\/1467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/comments?post=1467"}],"version-history":[{"count":3,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts\/1467\/revisions"}],"predecessor-version":[{"id":6194,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts\/1467\/revisions\/6194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/media\/4175"}],"wp:attachment":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/media?parent=1467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/categories?post=1467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/tags?post=1467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}