Nottingham-based Ideagen, a compliance and risk management software firm, has acquired Edinburgh-based Reactec, a provider of innovative wearable technology with intuitive data analytics.
Reactec was founded in 2001 as a spin-out from the University of Edinburgh.
The company’s workplace wearables and cloud-based analytics enable businesses to take a more proactive approach to the management of workplace hazards such as exposure to vibration, dust, noise and proximity to hazards.
Ideagen CEO Ben Dorks said: “This is a significant milestone for Ideagen as we continue to invest in technologies that address real-world challenges faced by our customers.
“Reactec’s wearable technology and data analytics are a perfect complement to our portfolio, putting cutting-edge tools directly into the hands of those who need it most. Together, we are setting new standards for workplace safety and risk mitigation.”
Reactec CEO Jacqui McLaughlin said: “At Reactec, our core mission has always been to protect workers and provide actionable insights that foster healthier and safer work environments.
“Becoming part of Ideagen allows us to extend our reach and provide even greater value to organizations that are forward thinking in their approach to enhancing the health and wellbeing of their workers.
“We, like Ideagen, seek to prevent and not simply mitigate risk. We can totally see the value our technology can bring to Ideagen’s existing customer base and look forward to working with them to deliver real impact.”
Scottish investment syndicate Archangel Investors was an early investor in Reactec, supporting the company’s evolution from a specialised hand-arm vibration monitoring solution to a comprehensive workplace safety platform utilising wearable technology and data analytics.
David Ovens, Joint Managing Director, Archangels said: “Over several years, Archangels has supported Reactec’s transformation from a narrow HAVs application to a broad workplace safety platform, delivering meaningful health outcomes for workers.
“We’re particularly pleased to see recent strong growth in both domestic and international markets and we look forward to seeing the business flourish as part of Ideagen’s global network which provides the perfect springboard for expansion.”
