IRIS acquires Corismo

Document management company, Iris, has acquired Belgium software company
Corismo which will boost Iris’ spectrum in that area.

Iris, whose products include a virtual desktop for scanning tax returns, said
it hoped hopes the acquisition will lift its earning per share in 2009.

Etienne Van de Kerckhove, CEO of Iris said: ‘Corismo will of course make a
contribution to Iris results from 2009.’

Corismo supplies an IT infrastructure systems for clients such as Coca-Cola,
Honda and Telenet.

Pierre De Muelenaere, president and CEO Iris said: ‘With its strong cash
position and in this positive context, I.R.I.S. can continue its expansion plan
aimed both at sustaining internal growth initiatives and at acquiring firms that
strengthen its technological base, its position in existing markets and its
geographical coverage. I.R.I.S. has since 2007 acquired Morningstar Systems
(active in electronic document management solutions, based in the Netherlands)
and Docutec (active in document recognition and identification products, based
in Germany).’

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