Accounting software company Iris acquires makers of Earnie payroll product
Accountancy and business software provider Iris has purchased a longstanding
payroll software company, with more acquisitions on the way.
Iris has purchased Intex, which has worked in the payroll marketplace for
over 20 years and is known for its Earnie product.
The product operates for a higher employee base than Iris’ PAYE-Master
product, for 50-1,000 employees compared to Iris’s product, which suits smaller
‘We are delighted that Intex is joining the IRIS family,’ said Iris chief
executive Martin Leuw. ‘The business and cultural fit between IRIS and Intex is
entirely complementary and we will benefit considerably from their extensive
expertise in the payroll sector.’
And Accountancy Age understands that Iris private equity owner, Hg
Capital, is looking at several more purchases in the near future to complement
its Iris’ offerings.