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In May, this software developer was bought out by HgCapital’s Saturn fund and Intermediate Capital Group for £1.3bn — said to be the UK’s largest-ever private equity software buyout. The Berkshire firm supports 21,000 accountancy practices, 11,000 schools and academies and 80,000 small businesses via its software, which covers accountancy, human resources, and payroll. The company is led by chief executive Kevin Dady, 54.

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Company details
CompanyIRIS Software Group
ActivityBusiness software developer
Sales £m*139.8
Operating profit £m*52.0
Main shareholdersHgCapital (c50%), Intermediate Capital Group (c50%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda