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Iris Software Group Acquires Accountantsworld To Help North American Cpas And Accountants Expand Their Client Accounting Services And Improve Practice Management Efficiencies With Cloud-Based Payroll

Dec 30, 2021over 3 years ago

Acquiring Company

IRIS Software Group

Acquired Company

AccountantsWorld

BerkshireIt ManagementInformation TechnologySoftwareFinancial ServicesProfessional ServicesMobileSoftware

Description

IRIS Software Group (IRIS), a leading global software provider of accountancy solutions, is today announcing it has acquired AccountantsWorld, a pioneer in cloud solutions for accountants in North America.

Company Information

Company

IRIS Software Group

Location

Berkshire, England, United Kingdom

About

IRIS Software Group is a global provider of mission critical software and one of the UK’s largest privately held software companies. IRIS provides software solutions and services for finance, HR and payroll teams, educational organizations, and accountancy firms that takes the pain out of processes and lets professionals focus on the work they love. Through simplifying, automating and providing insights on everyday mission critical tasks for organizations of all shapes and sizes, IRIS ensures customers can look forward with certainty and confidence. IRIS is the largest third-party online filer with the UK Government. Ninety of the top 100 UK accountancy firms use IRIS software. Circa 20% of the UK’s workforce is paid by IRIS payroll offerings, and globally, six million employees receive their payslip via IRIS software every month. More than 850,000 UK employees are managed by IRIS HR solutions. Over 12,000 UK schools and academies use IRIS, with four million parents and guardians using IRIS apps to connect with their children’s school; 300 million messages are delivered between schools and parents each year, and over £15 million transactional payments are processed every month. IRIS is placed in the Sunday Times PwC Top Track 250 and the Megabuyte50. It is certified as a Great Place to Work® and recognized as one of UK’s Best Workplaces, one of the UK’s Best Workplaces in Tech and one of the UK’s Best Workplaces for Women. To see how IRIS helps organizations get things right first time, every time, visit www.irisglobal.com or follow IRIS Software Group on LinkedIn, Twitter and Instagram.

FundzWatch™ Score

84
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed