TechnologySuitors line up to bid for Iris

Suitors line up to bid for Iris

Some of the UK’s biggest software houses, as well as private equity firms, are expected to line up a bid for Iris within weeks

Trade names linked with the business, which could be worth £300m, include
software businesses such as Sage, Microsoft and Infor. Sources also suggest that
private equity players such as Advent International, Apax Partners and Montagu
Private Equity could take a punt.

‘Firms such as Advent and Apax have invested in software companies before
because they like receiving recurring revenues from their customer bases,’ said
one senior industry insider.

Iris owners Hg Capital have reportedly begun a beauty parade of advisers to
help with the sale – but Iris chief executive Martin Leuw dismissed the story as
press speculation. ‘Iris has always been, and will continue to be, an
organisation with a face,’ he said. ‘Expansion will always attract attention and
this can manifest itself in speculation about the business ownership.’

Related Articles

Is predictive analytics the end of the annual audit?

Audit Is predictive analytics the end of the annual audit?

4d Martin Herron, MHA MacIntyre Hudson
Cybersecurity webinar: how protected are you and your data?

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

1w 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

1w Workday | Sponsored
GDPR: Don’t forget the human touch

Security GDPR: Don’t forget the human touch

2w 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

3w 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?

4w 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