Nottingham-based Ideagen can now accelerate its plans to support more businesses with their complex health, safety and quality software needs after the acquisition of DevonWay was formally approved by the Committee on Foreign Investment in the United States (CFIUS).
The approval marks the final part of the legal process.
Ben Dorks, CEO of Ideagen, said: “I am delighted that this final legal stage is complete and we can move forward with our ambitions for Ideagen DevonWay.
“This includes introducing the Ideagen DevonWay platform to an even wider range of industries supporting them to address the evolving needs and challenges of regulation and compliance worldwide.”
Ideagen DevonWay provides compliance and operations management and is trusted by organizations in sectors such as energy, utilities, advanced manufacturing, nuclear power generation and US national laboratories.
It provides a complete, fully integrated, configurable product suite across environmental health and safety, quality management, enterprise asset management and workforce management.
Chris Moustakas, SVP of Ideagen DevonWay, added: “Joining forces with Ideagen is a thrilling next step for DevonWay. Given the increasingly complex regulatory landscapes, our shared mission is to help organizations to transform their approach to health, safety, quality, risk and compliance management. This acquisition paves the way for us to provide enhanced support to our customers, partners and employees.”
