IRIS - M&A Summary, Ownership, and Business Overview

SoftwareCompany

IRIS M&A Summary

IRIS has acquired 25 companies of its own, including 12 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

IRIS has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include internet software and services (44%) and software (40%).

IRIS Ownership

Who owns IRIS?

IRIS is owned by HgCapital, Intermediate Capital Group and Leonard Green & Partners. It was acquired on December 23, 2023.

Is IRIS PE-backed?

Yes. IRIS is owned by private equity investors HgCapital, Intermediate Capital Group and Leonard Green & Partners.

Was IRIS formerly PE-backed?

Yes. IRIS was formerly owned by 4 private investors.

IRIS Business Overview

Where is IRIS headquartered?

IRIS is headquartered in Slough, United Kingdom.

What sector is IRIS in?

IRIS is a software company.

When was IRIS founded?

IRIS was founded in 1978.

M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity25
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7

IRIS

IRIS Software Group Ltd.

470 London Road,
Slough, SL3 8QY
United Kingdom,
0344 815 5555
www.iris.co.uk

IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Slough, United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 16 1 4 1 1 2 25
Sell (0.2/yr) # - - 1 - - - 1
  26

Most Recent M&A

Company Date Value Type
Dext Software Ltd. 2024-12-03 - Add-on Acquisition
London, United Kingdom · www.dext.com
SwipeClock LLC 2024-05-15 - Add-on Acquisition
South Jordan, Utah · www.swipeclock.com
Apex Software Technologies, Inc. 2023-03-28 - Add-on Acquisition
Roswell, Georgia · www.apexhcm.com
myPay Solutions 2022-10-26 - Divestiture
Ann Arbor, Michigan · mypaysolutions.thomsonreuters.com
AccountantsWorld LLC 2021-12-30 - Add-on Acquisition
Hauppauge, New York · www.accountantsworld.com
Invu Services Ltd. 2021-11-22 - Divestiture
Northampton, United Kingdom · www.invu.net
Doc.It, Inc. 2021-07-22 - Acquisition Financing
Ancaster, Ontario · www.doc-it.com
Senta Saas Limited 2021-01-14 - Add-on Acquisition
Bristol, United Kingdom · www.senta.co
Staffology Ltd. 2021-01-08 - Add-on Acquisition
Worthing, United Kingdom · www.staffology.co.uk
iSAMS Ltd. 2020-10-20 - Add-on Acquisition
Northampton, United Kingdom · www.isams.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 11 (44%) - - -
Software 10 (40%) - 1 (100%) -
Information Technology 2 (8%) - - -
Business Services 1 (4%) - - -
Staffing 1 (4%) - - -
Total 25 - 1 -

By Geo

State/Country Buy Value Sell Value
United Kingdom 20 - 1 -
United States 4 - - -
  Utah 1 - - -
  New York 1 - - -
  Michigan 1 - - -
  Georgia 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 20 (80%) - 1 (100%) -
Cross-border 5 (20%) - - -
Total 25 - 1 -

M&A Connections

Deals
Acquired from
Investor(s)
20%
5 (20%)
Strategic(s)
4%
1 (4%)
Divested to
Strategic(s)
100%
1 (100%)

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