Thu, 15 Aug 2019 | BUSINESS SALE
IRIS Software Group has finalised the agreement of intent to acquire FMP Global which provides a range of HR and payroll services to SMEs both internationally and within the UK.
Thought to be the software group’s largest acquisition to date, FMP Global provides international HR consulting services to more than 1,750 business across the world, as well as outsourced global payroll services and international money transfers.
With offices based in Wigan, Stockton-on-Tees, Slough and Manchester, the acquisition of IRIS will put the company on a global platform.
Chief executive of IRIS Software Group, Kevin Dady, said: “As part of our acquisition strategy, we continue to identify opportunities to expand both domestically and internationally where we can apply our expertise in compliance-driven software.
“Bringing FMP into the Group is transformative, expanding IRIS’ footprint into the US and other international markets, while also further strengthening our position in the UK payroll and HR sectors.
“Domestically we are seeing an increased demand for fully or partially outsourced payroll management solutions and internationally, we are seeing a growing payroll requirement for businesses of all sizes.
“IRIS’ heritage, combined with its marketing reach, investment in cloud technology and sector expertise will help propel FMP Global to the next phase of its growth.”
The acquisition deal is expected to be completed by the end of September.
The current chief executive of FMP Global, Justin Cottrell, commented: “IRIS shares our vision for the next stage of growth. Its track record for acquisition and integration of businesses into the IRIS family makes it the perfect partner.
“The support for management and its culture complements the next chapter of the FMP story.
“We are excited about IRIS investing into the business, reinforcing our commitment to service excellence for our clients and partners worldwide.”
This is a rare opportunity to acquire a steel fabricator and installation company in North Yorkshire currently operating from leasehold premises. The company has contracts and agreements with national house building companies. At any given time the c...
LEASEHOLD
This is a fantastic opportunity to acquire a busy vehicle servicing and repair centre with MOT station serving customers in the local area for the past 6 years.
LEASEHOLD
This specialist fabrication business for sale is primarily responsible for the design, manufacture, and servicing of a standard and bespoke range of specialist transportation products throughout the UK, in addition to local fabrication work, througho...
LEASEHOLD
22
|
Sep
|
Logistics firm falls into administration amid industry pressures | ADMINISTRATION
Selazar Ltd, a Belfast-headquartered logistics operator with...
22
|
Sep
|
JD Wetherspoon announces latest portfolio of pubs for sale | COMMERCIAL PROPERTY
Pub giant JD Wetherspoon has announced the latest portfolio ...
22
|
Sep
|
Irwin Mitchell strengthens northern presence with latest acquisition | BUSINESS SALE
Irwin Mitchell has acquired a family law firm with operation...
17
|
Nov
|
Education software group IRIS acquires ed-tech compliance and HR firm | BUSINESS SALE
Specialist payroll and education software firm IRIS Software...
11
|
Jan
|
IRIS Software Group acquires cloud payroll application Staffology | BUSINESS SALE
UK-based IRIS Software Group has announced the acquisition o...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.