Ideagen wins contracts worth £1.8m from large airlines
Information management software provider Ideagen has won two new five-year contracts from undisclosed large airlines, worth a combined £1.8m.
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Both airlines will use Ideagen's cloud-based safety and reporting software product, Coruson, to implement a safety and risk management system across their operations.
This will allow the airlines to manage safety and security as well as provide staff with a mobile incident reporting application.
The AIM-listed company said that the deals are the first sales of Coruson to tier one airlines and it already provides software and services to over 100 regional and national carriers including Emirates, KLM, Thomas Cook, Brussels Airlines, Spirit Airlines and Air Transat.
Chief executive David Hornsby said: "Across the aviation industry, we continue to see strong new business demand for our software and we are confident of further extensive growth in this particular area.”
Shares in Ideagen were up 3.59% to 79.25p at 1026 BST.