Saffery advises on the sale of Qualsys to Ideagen

Business Asset Disposal Relief

Saffery provided sell-side financial and tax advisory services to Qualsys Limited in support of its £15.6 million sale to AIM listed Ideagen plc.

In respect of the support provided by Saffery to Qualsys, Managing Director Mike Pound commented: “We would like to thank Saffery for their professionalism and client support commitment in our successful deal with Ideagen.”

Qualsys was founded in 1995 by Mike Pound and Mike Bendall with a mission to transform the role of governance, risk and compliance. Today it operates a team of over 50 people based in Sheffield, delivering governance, risk and compliance solutions for some of the world’s most prestigious brands. Its software is used by more than 500,000 people every day across over 120 countries from Melbourne to Frankfurt, Sheffield to Shanghai.

Ideagen noted that the acquisition will provide a “strong growth opportunity” by accelerating the existing development roadmap of its Q-Pulse product by integrating the seventh version of Qualsys’ electronic quality management system.