IRIS Software Group continued is expansion programme this week with the acquisition of payroll and HR software developer Cascade Human Resources.
The terms of the deal were not disclosed, but IRIS CEO Phill Robinson told AccountingWEB that Cascade would add an extra 20,000 businesses to the IRIS portfolio to reinforce the group’s position in the UK payroll market. Cascade’s respected HR and payroll suite would extend the IRIS product set into an adjacent market with good growth potential.
“There’s lots of compliance and legislative change at the moment. We have that under control in our payroll tools, but lots of mid-market organisations are reviewing their HR software as a consequence,” Robinson said.
Based in Leeds, Cascade will become a separate IRIS division led by founder Alan Jones as managing director.
However the acquisition does pose some potential complications...