IRIS Software Group, a leading global software provider of accountancy and payroll solutions, has acquired leading cloud-based HCM enterprise software provider Apex HCM.

Founded in 2008, Apex’s software is used by over 250 payroll service bureaus (PSBs) and certified public accountant (CPA) firms across the US to provide payroll services to over 40,000 SMEs.

Elona Mortimer-Zhika, CEO of IRIS, said: “We are delighted to welcome Apex to the IRIS family. This acquisition continues our successful journey providing leading software to PSBs and CPA firms – a market which IRIS has been serving for decades in the UK and we are rapidly expanding in the Americas region.”

The acquisition of Apex is a significant milestone in IRIS’ international growth and the combined business provides payroll solutions for over 130,000 SMBs and one million employees across the United States and Canada.

Jim Dunham, president and general manager of IRIS Americas, commented: “Apex is an excellent addition to our US payroll business and supports our strategy to empower PSBs and CPA firms with market leading technology to scale their businesses profitably and serve the evolving needs of their SME customers. We are delighted to welcome our new colleagues and customers.”

IRIS Software Group acquires cloud payroll application

The news follows a strong year of growth for IRIS across the Americas. In 2022, IRIS recorded 28 per cent revenue growth as it successfully executed its vision to supercharge the company’s operations in the Americas, driven by M&A, innovation and senior hires.

Recent strategic acquisitions include AccountantsWorld, myPay Solutions, Conarc and Doc.It.

IRIS Americas is part of IRIS Software Group. IRIS is a global provider of mission critical software and one of the UK’s largest privately held software companies.

IRIS is the largest third-party online filer with the UK Government. 90 of the top 100 UK accountancy firms use IRIS software. One in six of the UK’s workforce is paid by IRIS payroll offerings, and globally, six million employees receive their payslip via IRIS software every month.

Senta acquired by IRIS Software Group