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 Iris Software Group Acquires Mypay Solutions

Oct 26, 2022•almost 3 years ago

Acquiring Company

IRIS Software Group

Acquired Company

myPay Solutions

BerkshireIt ManagementInformation TechnologySoftware

Description

IRIS Software Group (IRIS), a leading global software provider of accountancy solutions, today announced it has acquired Thomson Reuters myPay Solutions, a trusted online payroll processing service designed to empower CPAs.

Company Information

Company

IRIS Software Group

Location

Berkshire, England, United Kingdom

About

IRIS Software Group is a leading global provider of mission critical software & services & one of the UK’s largest privately held software companies. We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient & give more time to do what’s valued.

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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