WorkRite, the UK’s leading health and safety and DSE training and e-learning brand, has been sold in a deal advised on by EMC Corporate Finance.
The Berwick, East Sussex-based business, a subsidiary of Posturite, the UK’s market leader in the manufacture and supply of ergonomic furniture and equipment for the workplace, has been acquired by fast-growing global software firm Ideagen PLC, headquartered in Nottingham.
EMC CEO Nik Askaroff, said “ We are very excited and pleased to have helped this long standing client to sell WorkRite . It has tremendous potential for future growth which I’m sure will now be realised as part of Ideagen’s portfolio of federated GRC software applications”
Ideagen CEO Ben Dorks said: “WorkRite offers a suite of e-learning solutions to ensure companies can keep up to date with current regulations relating to health and safety at work.
“From their origins as part of ergonomics business Posturite, WorkRite has a depth of knowledge in the provision of HSE and DSE that is unrivalled by other software providers and that is why we are keen to bring them into the Ideagen family.”
Ian Fletcher-Price, CEO of Posturite, said: “The global reach, extensive client base and expert marketing capabilities of Ideagen, will ensure WorkRite’s fantastic suite of software products will get the attention and recognition they deserve. I am confident the products will be of great interest to Ideagen’s current and future clients and that WorkRite’s current clients will feel the benefits of being part of a much bigger business that is more focused on software development and implementation.”
EMC ’s Nik Askaroff and Ross Christie acted as lead advisers with support from Abigail Owen of DMH Stallard (legal) and Plummer Parson (tax and accounting).
Peregrine Law acted for Ideagen.
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