TechnologyIris still on the acquisition trail

Iris still on the acquisition trail

Iris increases its market share among not for profit organisations

Accountancy software provider Iris has announced another acquisition. The
company takes over Charity Software Limited, which trades under the brand Donor
Strategy.

The move strengthens the company’s position as one of the top supplies to the
not-for-profit industry and will increase its market share to 54% of the top UK
charities. Donor Strategy is aimed at smaller charities and Iris currently works
with predominately larger ones.

Simon Fowler, MD of IRIS NFP Solutions said: ‘There is a tremendous synergy
between the brands and the product portfolios are entirely complementary.’

‘By bringing Donor Strategy into IRIS NFP Solutions, we are able to offer an
unparalleled wealth of knowledge and experience to this specialist sector; a
factor that will undoubtedly strengthen our ability to satisfy a wider range of
needs’ he added.

Donor Strategy was established in 1994 by Jonathan Air, and is based near
Bristol. Air will remain in an advisory role in the initial stages, moving on to
pursue social entrepreneurial projects in Africa.

Further reading:

Iris
acquires mid-sized financial management software vendors

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