This is a significant acquisition for IRIS as it is the company’s first in the Healthcare Solutions market. Ferguson GP Software has an excellent reputation for its easy to use and reliable software and with over 5,000 UK GP practice clients is the market leader with a 50% share of the market.
The acquisition; the first to be announced since the IRIS merger with CS Group in June 2007, will provide an excellent platform for IRIS’ growth plans.
IRIS is recognised as the fastest growing player in the payroll market (currently holds the number 2 position) and is rapidly gaining market share from its competitors. Year end figures verified by HMRC show that 199,070 or 23% of all internet submissions in 2007 were made using IRIS Payroll solutions.
IRIS Payroll solutions cater for the payroll needs of businesses in a number of ways.
At micro level, IRIS provides HMRC accredited payroll software for small businesses with IRIS PAYE-Master and the company also provides payroll bureau software that services payroll processing businesses. For medium enterprises, IRIS offers stand alone and integrated payroll packages with EARNIE and IRIS Payroll Professional. For larger sites, IRIS has developed a fully comprehensive payroll package, EARNIE IQ, with sophisticated reporting capabilities.
Ferguson GP Software was established in 1985 by Dr. David Ferguson, a GP with extensive computer programming experience. He will remain actively involved in the future development of the solution which will now draw upon the significant resources of the IRIS Payroll and HR Solutions Division in Stockton on Tees.
Martin Leuw, IRIS Group CEO said: “Ferguson GP Payroll Software is well respected by practice managers and has an extremely loyal customer base. There is a real synergy in the two companies’ passionate approach to software development and customer service, sharing identical customer retention rates of 95+%; a rare statistic in the industry.”
Dr. David Ferguson commented: “We are delighted that Ferguson GP Software has become part of the IRIS Software Group. We have been particularly impressed that in all previous IRIS acquisitions the Group’s emphasis has always been on ensuring “business as usual” for existing customers. The IRIS brand therefore represents a ‘safe home’ for the Ferguson Payroll package with access to greater resource for its future support and development.”
IRIS Software Group is the largest privately owned software business in the UK delivering regulatory, accounting and full service solutions to well over 60,000 UK businesses and payroll solutions to over 10% of the UK workforce.
The No 1 provider to UK accountancy practices
The No 1 provider to UK law firms, barristers and coroners’ offices
The No 1 provider to the UK Not For Profit sector
The No 2 provider of Payroll & HR software solutions
An award winning provider of accounting and ERP systems to UK businesses
A leading provider of special software for sports clubs, field services and application modernisation software and services for blue chip companies.
Founded in 1979, IRIS is headquartered in Datchet, Berkshire with offices throughout the UK and in the US. Revenues are well over £100m pa and the business employs c1000 staff. For further information on IRIS Software Group, please visit www.iris.co.uk and due to the recent business combination with CS Group www.computersoftware.com
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