finnCap have advised Ideagen (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, on their £20m fundraising.

David Hornsby, Executive Chairman of Ideagen, commented:

“I am delighted to announce the successful conclusion of this fundraise which was heavily oversubscribed with support from both existing and new shareholders. Ideagen values the ongoing support it has received from its existing shareholders and welcomes the many new institutional investors as shareholders in the Company. The proceeds from the Placing will enable Ideagen to significantly accelerate its growth objectives by acquisition and deliver further value to shareholders.”