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

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

Accounting software group lays out £45m rapid growth blueprint, in bold statement

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

IRIS snaps up tax software group

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