IRIS Software Strengths, Domain Expertise, and Key Differentiators
For nearly four decades, IRIS is the UK's provider of business-critical software and services to the UK accountancy and payroll sectors. IRIS offers HR applications as part of its ERP suite. The IRIS vision is to liberate time, talent and energy of UK businesses to enable them to stay one-step-ahead of their competition.
IRIS helps achieve this through innovative software and services that automate the mundane, but critical day-to-day business tasks. Their software takes the burden of compliance, enables productivity, facilitates collaboration and provides insight for UK businesses to connect and serve an increasingly new generation of customers.
IRIS Software Recent Developments
IRIS is the UK's provider of business-critical software and services to the UK accountancy, payroll and education sectors has 40 years of experience.
Their solutions are delivered as a choice of integrated on-premise software and cloud-based applications - managed under the leading IRIS, PTP, KashFlow, Keytime, Taxfiler, Cascade, 12pay, Star, Earnie, PS Financials, ParentMail, Contact Group and School Asset Manager brands.
IRIS Software Mergers and Acquisitions (M&A) Activities
In July 2019 IRIS Software Group acquired BioStore Ltd. BioStore’s identity management and cashless catering solutions are used by over 3,000 UK schools and sixth form colleges to improve and streamline access control and how catering services are delivered. The acquisition extends the IRIS education portfolio, providing solutions to manage all aspects of school management, including finance, assets, and communications.
In September 2018, IRIS Software Group has acquired Taxfiler, the cloud tax, and accounts provider for small accountancy practices, and says it plans to integrate the acquisition with others of its products for this market to create a digital compliance solution tailored to smaller practices.
In January 2017 IRIS Software Group acquired financial management software firm PS Financials. Peterborough-headquartered PS Financials provides accounting, purchasing, budgeting, and reporting software to more than 2,900 organizations. The acquisition brings 136 highly skilled and experienced staff into IRIS across two locations – Peterborough and London.
IRIS Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying IRIS Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of IRIS Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified IRIS Cloud Solutions, customers.
IRIS Software Overview
Ownership: - x
Number of Employees: 700
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil and Gas, Professional Services, Retail, Transportation, Utility,
IRIS Software Key Enterprise and Cloud Applications
IRIS Cloud Solutions,
IRIS Software Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
IRIS Software Revenue Breakdown By Type, $M:
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IRIS Software Enterprise Applications Revenues By Functional Markets, $M:
IRIS Software Enterprise Applications Revenues By Verticals, $M:
IRIS Software Revenues By Region, $M
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IRIS Software Direct vs Indirect sales
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IRIS Software Customers - Breakdown by Geo, Size, Vertical and Product
No. of IRIS Software Customers: 60000
No. of IRIS Software Enterprise Applications Customers: 60000
No. of IRIS Software Cloud Customers: x
No. of IRIS Software Cloud Subscribers: 618620
Among its 60000 customers are KandyToys Ltd, The Independent Homecare Team, Smiles Ahead, Burgess Logistic Solutions, Twickenham Plating Group Ltd, Ormerod Home Trust, T P Jones&Co LLP, ICL Plastics, Total Labour Solutions, Whitecraigs Golf ClubGraeme Cook Solicitors, Switchtec Ltd, Burgess Consultancy, Advertiser&Times Hants, Art&Industrial Engraving Ltd, SWL Security Services, Chandler&Skitmore Ltd, Heritage Hotel, James Tonk Tree Surgery, David Scott&Co, Stephenson Sheppard, Sole Associates, Sinclair Scott, Foxtons Estate Agents.
IRIS Software Market Opportunities, M&A and Geo Expansions
In May 2018, Hg Saturn Fund makes new joint partnership investment into IRIS with ICG. Investment in IRIS follows the company’s positive track record, solid long term strategy, and strong executive leadership.
Furthermore, in September 2018, IRIS has launched IRIS AI, a family of AI-based products and services for every size of accountancy practice. The first product in this offering is the Ai Auditor developed by MindBridge Analytics Inc. The powerful artificial intelligence tool enables accountants to address skills shortages and deliver new risk and fraud assurance services. MindBridge Ai Auditor increases the effectiveness of financial audits by reducing labor intensity and maximizing audit assurance by leveraging AI to augment the capabilities of auditors. Using a hybrid of machine learning and AI techniques, combined with conventional tests, the Ai Auditor uncovers errors and anomalous patterns of activities across the full financial dataset and associates a risk score to each transaction. This results in greater insights and higher assurance that the financial records are free of material error, thereby lowering the overall risk exposure.
IRIS Software Risks and Challenges
IRIS is banking on a host of Cloud applications, desktop accounting software provider primarily to the accounting professionals, to help transform the vendor from its roots. The transition is a work in progress, its future will depend on whether its owner plans to retain or sell it off when the timing is right.
IRIS Software Ecosystem, Partners, Resellers and SI
IRIS primarily sells direct.
Among its technology partners are: Farmplan, Sapphire Systems Ltd, Capita Workforce Management, Advanced, Civica and many others.
IRIS Software Cloud Infrastructure Insights
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- IRIS Software Public Cloud and Infrastructure (IaaS)
- IRIS Software Platform (PaaS)
- IRIS Software Application Delivery
- IRIS Software Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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