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Iris Software Group Acquires Accountantsworld To Help North American Cpas And Accountants Expand Their Client Accounting Services And Improve Practice Management Efficiencies With Cloud-Based Payroll

Dec 30, 2021•over 3 years ago

Acquiring Company

IRIS Software Group

Acquired Company

AccountantsWorld

BerkshireIt ManagementInformation TechnologySoftwareFinancial ServicesProfessional ServicesMobileSoftware

Description

IRIS Software Group (IRIS), a leading global software provider of accountancy solutions, is today announcing it has acquired AccountantsWorld, a pioneer in cloud solutions for accountants in North America.

Company Information

Company

IRIS Software Group

Location

Berkshire, England, United Kingdom

About

IRIS Software Group is a leading global provider of mission critical software & services & one of the UK’s largest privately held software companies. We help organisations to make better business decisions by developing integrated software solutions to minimise admin, make business processes more efficient & give more time to do what’s valued.

DealWatch™ Score

63
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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