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.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.