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.’
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin