("Ideagen" or the "Company")

Ideagen, a leading supplier of On-Demand Information and Compliance Solutions, is pleased to publish a trading update for the half year ended 31 October 2011.

The Company expects to report first half results from its continuing operations that are comfortably in line with the Board’s expectations. Ideagen expects to report revenues of no less than £1.7m (H1 2010: £1.1m) adjusted EBITDA* of no less than £0.51m (H1 2010: £0.25m) and adjusted PBT** of no less than £0.48m (H1 2010: £0.24m). At the period end the cash balances stood at £1.166m (H1 2010: overdraft of £0.016m). Ideagen will release its results for the half year ended 31 October 2011 in January 2012.

David Hornsby, Chief Executive, said: “I am delighted with the progress we have made in the first half which has seen our revenues grow by over 50% and our profits grow by over 100% compared to the corresponding period last year. Despite the economic climate, world class businesses continue to invest in our software to help them comply with industry rules and regulations. I am particularly pleased to report that we are now competing and winning on a global basis with significant sales success in the USA and Germany which we believe will support further growth this year and beyond.”

*earnings before interest, tax, depreciation, amortisation and share based payments
** profit before tax, share based payments and amortisation of acquired intangibles

For further information, please contact:

Ideagen plc Tel: +44 (0)1438 347110

David Hornsby, Chief Executive

finnCap Tel: +44 (0)20 7220 0500

Marc Young/Ben Thompson (Corporate Finance)

Stephen Norcross (Corporate Broking) Walbrook Tel: +44 (0)20 7933 8780

Bob Huxford / Helen Westaway (Media Relations) Paul Cornelius (Investor Relations)