Product and software developer IRIS has acquired Drummohr Technology, the makers of 'Tax Assistant', for an undisclosed sum.

So far, IRIS has announced that there are no plans to merge the two companies' range of products, but will include a strategy of sustained investment and introduction of new products where appropriate.

Martin Leuw, CEO of IRIS, said: 'By adding the Tax Assistant software to the IRIS range, we are able to offer an unparalleled wealth of knowledge and experience of this specialist sector.’

In a statement Drummohr Technology said: 'IRIS' goal (is) to revolutionise the accountancy profession with a range of quality solutions to suit every size and type of practice'.

Further reading:

IRIS forecasts revenues in excess of £45m for 2007/2008