M&A Deal Summary

IRIS Acquires Websmiths Group

On February 6, 2013, IRIS acquired internet software and services company Websmiths Group

Acquisition Highlights
  • This is IRIS’s 1st transaction in the Internet Software and Services sector.
  • This is IRIS’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2013-02-06
Target Websmiths Group
Sector Internet Software and Services
Buyer(s) IRIS
Deal Type Add-on Acquisition

Target

Websmiths Group

Milton Keynes, United Kingdom
Websmiths Group Ltd. provides accountancy practices with template and bespoke website design. It also offers a sizable library of content on accounting and tax issues for its customers to use on their websites, removing the need to create and update such documents themselves.

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Buyer(S) 1

Buyer

IRIS

Slough, United Kingdom

Category Company
Founded 1978
Sector Software
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 25
Sector: Internet Software and Services M&A 1 of 11
Type: Add-on Acquisition M&A Deals 2 of 23
Country: United Kingdom M&A 2 of 20
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-04 Invu

Northampton, United Kingdom

Invu is a provider of computer software for the electronic management of information and documents. Invu provides electronic management for various information and documents, such as forms, correspondence, literature, faxes, email, technical drawings, electronic files, and Web pages. It serves small and medium size enterprise markets, as well as individual departments of organizations. The company operates in the United Kingdom, Ireland, and the Netherlands. Invu was founded in 1997 and is based in Northampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-17 KashFlow Software

London, United Kingdom

KashFlow is a provider of online practice management software and services. The Company was formed in 2006.

Buy -