Hgcapital acquires majority stake in iris accountancy. Notably, mick served as chairman of blackbaud, inc. The company, which is based in berkshire, has launched a range of webbased products in the past year, as well as a web portal that allows its customers to share tips and ideas with each other. Iris accountancy solutions is the uks leading provider of specialist applications software and solutions to the uk accountancy and payroll sectors, whilst iris software group primarily operates in various other vertical. Hgcapital previously held a minority stake in the parent company. Over our 23 year history we have made over 65 investments and nine investments in software. We understand you need to be as effective and productive as possible, so you can deliver an unsurpassed service to your clients. To work for a company that adds tremendous value to propel your career your life at iris means a lifelong opportunity to explore your potential, continuous growth, and the. Iris software group limited company profile endole.
Iris software is a professional software company having offices in usa, india and canada which provides high quality business solutions and support services. Today, matrix is among the most prominent venture capital firms in the u. Midmarket private equity group hgcapital is in discussions to purchase ias, the accountancy and payroll software division of iris software. Software group acquired in major private equity buyout 23 may 2018 south east deals iris software group, a provider of businesscritical software and services to the uk accountancy, education and business market, has been acquired in a private equityled. Hgcapital mercury fund on its acquisition of sequel business solutions. Iris software group limited in 470 london road slough. Datatel acquired, attracts new financial sponsor gilfus. Other recent investments include lpl financial, catalina marketing, kronos, sheridan healthcare, iris software group, doubleclick and the nasdaq stock market.
The business is genuinely focussed on looking after its staff, and clients. It has made significant improvements in its products and. European midmarket private equity investor hgcapital has sold. Iris software group limited is an active company located in slough, berkshire. Csg and iris swallowed up in private equity merger buy it pro. Hgcapital takes majority stake in business software group. Iris enablers at iris, we assist our clients with highquality it talent on demand in the shortest possible time, saving them valuable time and money. Hgcapital eyes iris software unit institutional investor.
Ul, it said on monday, in a deal that sources say values the business at about. Iris software develops business management software for accountants, lawyers, charities and other organisations. Ias and isg were created following the split of iris software group ltd. The pace is fast and can be challenging for some people. Iris software group mergers and acquisitions summary mergr. Iris software group primarily operates in various other vertical. Hgcapital sells iris software and computer software group. Datatel was acquired from thoma bravo and its coinvestors, including trident capital, harbourvest partners and jp morgan asset management, first. This is where iris performs a critical business service for its clients by supplementing their technical bandwidth accurately and rapidly the iris advantage. Hgcapital in talks to buy back ias financial times.
Datatel was acquired from thoma bravo and its coinvestors, including trident capital, harbourvest partners and jp morgan asset management, first was announced on november 9, 2009. May 12, 2020 deepen your expertise and learn from the insights of iris associates, consultants, software specialists and industry experts. Hgcapital reinvests in the uk business software firms, iris. Following her time at kewill, she started her own company, computer software group. Before that, hellman worked in investment banking at. Iris is a ukfocused diversified businesscritical software provider. Deepen your expertise and learn from the insights of iris associates, consultants, software specialists and industry experts. Iris software group has acquired 15 companies of its own, including 11 in the last 5 years. Hgcapital sells iris software and computer software group to. The price is thought to represent a market multiple of four times. Csg and iris swallowed up in private equity merger buy. Murria has been a partner at elderstreet investments since 2002. Iris is a large software and services business that grows organically and through acquisition. View iris software group limited profile, shareholders, contacts, financials, industry and description.
Hgcapital acquires majority stake in iris accountancy solutions. The firms office is based in slough at 4th floor heathrow approach. Iris accountancy solutions provides specialist applications software and. Checkmarx is a provider of software security solutions for devops. The portfolio on their web site included the following firms. Jun 10, 2007 accountancy software company iris has been sold as part of the formation of a new. The planned acquisition from thoma bravo and its coinvestors, including trident capital, harbourvest partners and jp morgan. The iris software group company has been functioning successfully for thirteen years now and its status is active.
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