IRIS Software Group (IRIS), a leading global provider of accountancy and payroll solutions, recently announced the acquisition of a leading provider of cloud-based HCM enterprise software for Certified Public Accountant (CPA) firms and payroll service bureaus (PSBs), Apex HCM.
Apex's software, which was founded in 2008, is utilized by over 250 CPA firms and PSBs across the America to provide payroll services to more than 40,000 small and medium-sized enterprises (SMEs). Its comprehensive HCM suite allows CPAs and PSBs to provide their SME clients with recruiting, onboarding, time and attendance, and benefits administration software through a cloud-native platform.
The acquisition of Apex is a significant step in IRIS' international expansion. The combined business provides payroll services to more than one million employees and 130,000 SMBs in the United States and Canada.
"We are delighted to welcome Apex to the IRIS family. This acquisition continues our successful journey providing leading software to PSBs and CPA firms – a market which IRIS has been serving for decades in the UK and we are rapidly expanding in the Americas region," said Elona Mortimer-Zhika, CEO of IRIS.
(Source – Business Wire)
The announcement follows a prosperous year of expansion for IRIS across the Americas. IRIS achieved a 28 percent increase in sales in 2022 as it successfully executed its ambition to supercharge the company's operations in the U.S. through mergers and acquisitions, innovation, and senior hiring. AccountantsWorld, myPay Solutions, Conarc, and Doc.it are among recent strategic acquisitions.
About IRIS Software Group
Headquartered in Slough, Berkshire, IRIS Software Group is one of the largest privately held software organizations in the United Kingdom and a global provider of mission-critical software. IRIS provides finance, HR, and payroll teams, educational institutions, and accounting firms with software solutions and services that streamline operations and allow professionals to focus on their passions. By streamlining, automating, and offering insights on routine mission-critical processes for businesses of all sizes, IRIS ensures that its customers can look to the future with clarity and confidence.