The takeover has been presented as a triumph , it is of course nothing of the sort it is a PR disater for both companies. although we all respect the sharelolders wish to cash out perhaps they should have found another partner. Recently Iris announced that itself was up for sale albeit at a very high price that likely will not be achieved. Iris have reminded us in the only hubristic way they know that nearly everytime they took over ouside software something radically goes wrong and prices went up and service down. This is hardly a winning strategy if it reminds possible purchasers of Iris that disaster is always around the corner.
Taxfiler has almost certainly though possibly temporarily lost the trust of its customer base and its decision to sell would been rejected unamimously by its customers that speaks for its self. Therefore I suspet growth will be limited and therefore prices will rise. I wonder if there was a deferred earn out in the sale agreement.
shall we try and stop this sale?