Iris , the accounting
software group, has been put up for sale after months of rumours about its
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
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’.
Colin responds to the call for 'Darwinism' in accountancy
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast