Iris snaps up tax software group

UK accounting software provider Iris has acquired tax software specialist PTP
Software and Profession Tax Practice in a deal that will boost revenues at Iris
to £42m.

PTP was founded 16 years ago by Tim Good and Steve Mayhew and is a
well-established brand in the tax software market.

Iris chief executive Martin Leuw said no major changes to PTP products were
planned, but did say that ‘both teams will be working very closely together to
further enhance all of our offering’.

PTP managing director Tim Good said the deal would create ‘excellent synergy’
between the two companies.

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