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IRIS bolsters charity portfolio with Donor Strategy acquisition

Fast-growing business software group IRIS this week added to its not for profit division with the purchase of Charity Software, which trades under the name Donor Strategy. John Stokdyk reports.

Since a merger last year with the CS Group, underwritten to the tune of £500m by private equity group Hellman & Friedman, IRIS has continued on the expansion trail. Both CS Group and IRIS Exchequer have a presence in the charity market place and the company claims that the Donor Strategy deal will give the company a presence in more than half the UK's top 100 charities.

Established in 1994, Donor Strategy is based in Bristol and employs 28 staff. Founder Jonathan Air said he had been searching for a way to continue developing the business and said the IRIS relationship would help to protect its customers' investment. He will remain with the company in an advisory role for a period before moving on to pursue social entrepreneurial projects in Africa.

Simon Fowler, managing director of IRIS NFP Solutions commented: "Like IRIS, Donor Strategy has a first class reputation for its software and the quality of its personal service. By bringing Donor Strategy into IRIS NFP Solutions, we are able to offer an unparalleled wealth of knowledge and experience to this specialist sector; a factor that will undoubtedly strengthen our ability to satisfy a wider range of needs."

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