About Iris
Iris is a company based in Datchet (United Kingdom) founded in 1979 was acquired by Leonard Green and Partners in December 2023.. Iris has completed 26 acquisitions, including ATW Information Technology Systems, Bridge and Bridgehead Europe. Iris offers products and services including IRIS Elements, Staffology HR, and Staffology Payroll. Iris operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Headquarter Datchet, United Kingdom
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Iris Software Group Limited
- Date of Incorporation 27 Jun, 2007
- Jurisdiction SLOUGH, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Hg
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
ATW Information Technology Systems
& 25 more
- Acquired by
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Products & Services of Iris
Iris offers a comprehensive portfolio of products and services, including IRIS Elements, Staffology HR, and Staffology Payroll. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrated cloud accountancy for efficient financial management
Out-of-the-box HR system for employee and recruitment processes
Cloud-based payroll for accurate employee payments
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Software Development Team
100 people
Leadership Team
29 people
Sales and Marketing
27 people
Senior Team
25 people
Human Resources and Administration
22 people
Product Management Team
19 people
Finance and Accounting
19 people
Operations Team
14 people
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Funding Insights of Iris
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Iris
Iris has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Hg, LDC and HgT. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in Europe are managed by Hg.
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Founded Year | Domain | Location | |
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Private equity investments are focused on multiple sectors for growth.
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Founded Year | Domain | Location | |
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Private equity investments are focused on European software firms.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Iris
Iris has strategically engaged in corporate development activities, having acquired 26 companies. Notable acquisitions include ATW Information Technology Systems, Bridge and Bridgehead Europe. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Company assisting foreign clients in setting up operations, offering HR services, payroll services, and employee benefits
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2017 | ||||
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Cloud-based payroll management software is provided for various organizations.
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2015 | ||||
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Web-based practice management software is provided for accountants.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Iris
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iris Comparisons
Competitors of Iris
Iris operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Xero, Wave and FreshBooks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for small businesses and freelancers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iris
Frequently Asked Questions about Iris
When was Iris founded?
Iris was founded in 1979.
Where is Iris located?
Iris is headquartered in Datchet, United Kingdom. It is registered at Datchet, Berkshire, United Kingdom.
What does Iris do?
Iris Software was founded in 1979 and is headquartered in Datchet, United Kingdom. Software solutions are developed for accounting, payroll, and HR management, along with tools for bookkeeping, digital invoicing, workflow, tax handling, education management, financial oversight, and biometric systems. Operations focus on sectors such as education, healthcare, professional services, hospitality, and various others, supporting business efficiency through integrated services.
What products or services does Iris offer?
Iris offers IRIS Elements, Staffology HR, and Staffology Payroll.
How many acquisitions has Iris made?
Iris has made 26 acquisitions, including ATW Information Technology Systems, Bridge, and Bridgehead Europe.
Who are Iris's investors?
Iris has 4 investors. Key investors include Hg, LDC, HgT, and Leonard Green and Partners.
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