Iris Software has acquired AccountantsWorld
IRIS Software Group (IRIS), a leading global software provider of accountancy solutions has acquired AccountantsWorld, a pioneer in cloud solutions for accountants in North America.
The acquisition of AccountantsWorld is a further strategic step in IRIS’ mission to revolutionize the professional accounting market in North America, bringing together leading technology, capability and deep sector knowledge to help accountants address the challenge of growing and supporting North American businesses. Accounting firms require dependable compliance, powerful productivity and aggregated insight that allows them to provide value add Client Accounting Services (CAS), helping both them and their clients thrive in the coming years.
Founded in 2003, AccountantsWorld offers a complete suite of cloud-based solutions for thousands of CPA firms including accounting, payroll and document management, client portals, practice management, and a website builder.
Both businesses share the fundamental view that CAS are proving to be a foundational shift for the accounting profession and an attractive, high-growth segment for firms looking to further demonstrate their value and transform their business model. IRIS and AccountantsWorld also believe vendors must go above and beyond to support accountants providing these services, as they hold a wealth of knowledge from their portfolio and are consultants, growth partners and virtual CFOs to clients, not just a source of protection and compliance.
IRIS plans to continue supercharging its presence in North America, combining the power of its recent acquisitions (Doc.IT, Conarc) along with its existing CPA offerings (including Star Practice Management, Innervision, FMP, PSI, Senta and Practice Engine) as well as future acquisitions and product developments.
Rothschild & Co advised on the acquisition of this transaction. For further detail please contact Ian Guilfoyle.