Ideagen plc (AIM:IDEA) acquired Qualtrax, Inc. for approximately $14.9 million on March 9, 2021. The consideration is paid on cash and debt free basis. The consideration is payable in cash on completion and out of approximately $14.9 million, $1.65 million is being held back in escrow for 12 months following completion. The consideration will be funded from Ideagen's existing resources. As of December 31, 2020, Qualtrax, Inc. recorded revenue of approximately $5.2 million. Qualtrax, Inc. management team will remain in place to lead Ideagen plc expansion in the USA. 40 Qualtrax, Inc. employees are expected to transition to Ideagen plc. Henrik Persson, James Thompson, Alice Lane and Sunila Da Silva of FinnCap Ltd acted as financial advisors to Ideagen plc. Ted Stack and Conrad Olenik of Falcon Capital Partners LLC acted as financial advisor to Qualtrax, Inc. Ideagen plc (AIM:IDEA) completed the acquisition of Qualtrax, Inc. on March 9, 2021.