IRIS , the accounting software group, has declared its intentions to continue its rapid growth through 2007, with a forecast of revenues in excess of £45m.
In a bold statement, which comes at a time when general sentiment towards the business technology sector has been downbeat, IRIS said that 2007/2008 revenues were set to exceed £45m; a five fold increase since current chief executive Martin Leuw took control of the business in 2001.
Leuw has vowed to continue the group's track record of growth, and promised to spend more time chasing acquisitions and pursuing organic growth. Leuw will be freed up to focus on this strategy now that Robert Salvoni has been appointed as managing director of IRIS practice software.
Laying down the gauntlet to IRIS's competitors, particularly those pursuing aggressive consolidation strategies, Leuw said IRIS would continue to focus on its customers.
'In a world of faceless organisations, IRIS has always been and will continue to be an organisation with a face,' said Leuw. 'Unlike our larger competitors who seem intent on centralising all activities in one location to become one amorphous mass, we will continue to build on the extensive expertise of our people in each area of our business, to provide expert, individual and tailored support to our customers.'
Leuw added that IRIS would continue to run the rule over acquisition targets, but would only fork for a deal with quality companies that complemented the IRIS portfolio which currently includes practice software, HR and payroll and accounting and business software.
IRIS plans to run the business from three strategic units in 2007, a change from the previous structure.
Practice Software based in Datchet and Kidlington, HR and payroll software will be based in Wigan and Stockton-on-Tees and accounting and business software will be run from Bournemouth.
Further reading:
IRIS prevails intrademark dust-up
Wave of consolidation surges through business software sector
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