Tech Track 100

IRIS Software develops business management software for accountants, lawyers, charities and other organisations. The company, which is based in Berkshire, has launched a range of web-based products in the past year, as well as a web portal that allows its customers to share tips and ideas with each other. Hellman & Friedman backed the company’s £500m merger with reseller Computer Software Group in 2007 and took more than 50% of the equity. Chief executive Martin Leuw oversaw sales growth of 55% a year from £32.1m in 2006 to £119.2m in 2009, although the company is making a significant pre-tax loss on EBITDA of £41m.

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Company details
CompanyIRIS Software
ActivityBusiness software developer
Average 3 year sales growth54.94%
Latest sales £000s119,204

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* supplied by company † annualised figure