Iris still on the acquisition trail

Accountancy software provider Iris has announced another acquisition. The company takes over Charity Software Limited, which trades under the brand Donor Strategy.

The move strengthens the company's position as one of the top supplies to the not-for-profit industry and will increase its market share to 54% of the top UK charities. Donor Strategy is aimed at smaller charities and Iris currently works with predominately larger ones.

Simon Fowler, MD of IRIS NFP Solutions said: 'There is a tremendous synergy between the brands and the product portfolios are entirely complementary.'

'By bringing Donor Strategy into IRIS NFP Solutions, we are able to offer an unparalleled wealth of knowledge and experience to this specialist sector; a factor that will undoubtedly strengthen our ability to satisfy a wider range of needs' he added.

Donor Strategy was established in 1994 by Jonathan Air, and is based near Bristol. Air will remain in an advisory role in the initial stages, moving on to pursue social entrepreneurial projects in Africa.

Further reading:

Iris acquires mid-sized financial management software vendors