Nottingham, England-based software company Ideagen plc announced Tuesday it has acquired Blacksburg-based Qualtrax.
Financial terms of the transaction were not disclosed. This marks the 21st acquisition for Ideagen, which provides quality management software for aviation, financial services, life science, health care and manufacturing industries.
Founded in 1993, Qualtrax provides software that helps companies with managing documents and training. Its 340 clients include Walmart, the D.C. Office of the Chief Medical Examiner, the Colorado Bureau of Investigation, SABIC Innovative Plastics and the Arkansas State Crime Lab. Qualtrax, which employs 40 people, reported approximately $5.2 million in 2020 revenue.
