Iris has taken its first step into software as a service and on-demand, internet-based programmes with its purchase of a controlling-stake in PH-media.

PH-media is a leading provider of web practice management software to architects, engineers, marketers and consultants. PH-media is to be integrated into Iris's accounting and business solutions arm.

The move signals Iris's intentions to make a move into on-demand applications with products already within its stable, including its various accounting packages, including Exchequer.

'This is a significant move for Iris as it underscores the investment it is making in the next generation of its applications, specifically in the online world,' Iris said in a statement.

In a separate announcement Iris also revealed that it had announced a partnership agreement with Invu, a leading provider of document management software.

The integration of Invu technology into the award winning IRIS Practice Management system means that accountants will be able to increase efficiency when storing and retrieving documents and reduce the amount of paper held.

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