Estimated read time: 1 minute
We were delighted to support key client Ideagen PLC on its acquisition of US and UK business, Huddle. Ben Walmsley and Brigit Hanwell led the nexa team. International law firm CMS acted for Huddle.
The cross-border deal was Ideagen’s largest acquisition to date. Huddle works with the likes of EDF Energy, the US Department of Defense and the UK’s Home Office.
Founded in 2006, Huddle has an established position as a leading supplier of SaaS based secure content collaboration and workflow solutions primarily in the UK and USA. Huddle provides cloud-based secure document collaboration and compliance software, which is complementary to Ideagen’s industry leading ‘PleaseReview’ package.
The acquisition was made possible by the recent highly successful round of fundraising which netted Ideagen £48.7m to fund its acquisition pipeline.
The acquisition of Huddle is Ideagen’s 20th M&A deal and continues what has been a very successful strategy of growth via strategic acquisitions that add to Ideagen’s geographical and sector expertise.