TechnologyIris goes up for sale

Iris goes up for sale

After months of speculation and denials, Iris finally confirms that it will go up for sale

Iris , the accounting
software group, has been put up for sale after months of rumours about its
future.

The company announced today that it had appointed
UBS to advise on the sale of
the business and that it had already received interest from private equity
buyers and ‘the international professional publishing sector’.

The company has vociferously denied that the takeover speculation that has
been circling the business since the start of the year, but has finally
confirmed that it is now in play.

Iris, lead by chief executive Martin Leuw, has been backed by private equity
groups Hg
Capital
and LDC. It is estimated that the company could go for as
much as £250m.

‘The priority has always been to manage these transitions in a way which
maintains our total focus on our customers’ needs for a stable relationship with
their software partner,’ said Leuw, who just a few months ago had described
takeover talk as ‘faceless’.

Further reading:

Iris put up for sale for £250m

Suitors line up to bid for Iris

Iris dispels takeover rumours

Related Articles

Cybersecurity webinar: how protected are you and your data?

Security Cybersecurity webinar: how protected are you and your data?

3d Emma Smith, Managing Editor
Back to the Future: why financial transformation just hasn’t happened

Technology Back to the Future: why financial transformation just hasn’t happened

4d Workday | Sponsored
GDPR: Don’t forget the human touch

Security GDPR: Don’t forget the human touch

1w Neil Patrick, Director of GRC and Centre of Excellence EMEA for SAP
5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

2w Heather Darnell, Founder of Ask the BOSS
HMRC scaling back digital projects to ‘release project capability to EU Exit work’

Brexit HMRC scaling back digital projects to ‘release project capability to EU Exit work’

3w Alia Shoaib, Reporter
What is the role of governance, compliance, and control in financial transformation?

Corporate Governance What is the role of governance, compliance, and control in financial transformation?

3w Workday | Sponsored
Grant Thornton joins with Immersive Labs to increase cyber talent

Career Grant Thornton joins with Immersive Labs to increase cyber talent

1m Lucy Skoulding, Reporter
How can accounts payable departments protect themselves from fraud?

Technology How can accounts payable departments protect themselves from fraud?

1m Kristina Russell, Kefron