IRIS doubles presence with acquisition
Accountancy software provider IRIS has acquired Freeway, one of the UK's leading payroll software specialists - a move which will double its client base.
Accountancy software provider IRIS has acquired Freeway, one of the UK's leading payroll software specialists - a move which will double its client base.
The move will help establish the company’s presence in the SME marketplace and the company hopes the acquisition will boost the brand name in the accounting profession.
The purchase means IRIS’ professional customer base will grow from 3,300 accountancy practices to around 7,000. In addition IRIS will be able to boost the services it offers with the addition of Freeway’s new payroll bureau service.
Following the purchase, IRIS said it expected its revenues to ‘defy the current gloom in the IT sector with turnover predicted to grow significantly over the coming years’.
IRIS group chief executive Martin Leuw said a ‘natural synergy’ already existed between the two companies.
‘Both companies enjoy outstanding reputation for providing high quality, innovative products and excellent ongoing customer support,’ Leuw said.
In September Transaction Technology re-branded itself as IRIS as part of a ‘repositioning’ drive to align the company with its core product line.
Links
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe shift to cloud-based accounting marks a significant transformation, enhancing efficiency, collaboration, and data security, and setting new standa...
View articleOn February 28, Xero became the latest accounting technology provider to launch a new AI assistant. ‘Just Ask Xero’ or JAX was announced a...
View articleThe collaboration between OCR and AI in automating the AP workflow marks a significant stride towards operational excellence. Read More...
View articleThomson Reuters has successfully acquired Pagero, a Swedish e-invoicing and tax solutions company, for approximately $800 million. The content and tec...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleWith so many accounting software options on the market today, from QuickBooks to FreshBooks to Xero, it can be overwhelming for small business owners ...
View articleThe Horizon scandal has shed light on the crucial role of ethical practices in the accounting technology industry, and underscored the need for transp...
View articleAccountants in industry must upgrade wisely to help their businesses evolve, according to Nick Longden of AccountsIQ Read More...
View article