PS Financials sale to IRIS
“The transaction documents on this deal were essentially negotiated from start to finish in 2 weeks, which was only possible because of the 100% commitment from everybody involved, principals and advisors. We have been working with PS Financials for over 4 years now and are delighted to have advised them on the sale.”
We have advised the shareholders of PS Financials (Holdings) Limited on its sale to IRIS, a software company owned by HgCapital.
PS Financials provides accounting software to over 2,900 organisations in more than 58 countries. The company’s offering covers accounting, purchasing, budgeting and reporting software within a wide range of sectors, including retail, finance, recruitment, insurance, healthcare, and education, to name a few. IRIS is the UK’s market leading provider of business critical software and services, and the acquisition by IRIS is part of a strategic plan to expand its offering into financial software. The current management team will remain with PS Financials moving forward.
Richard Pierce, Managing Director of PS Financials commented, “The team at EMW performed extremely well on what was a complex transaction undertaken to a very tight timetable. They went above and beyond and it was a pleasure to work with them again.”
If you would like to find out more about this deal, please get in touch with Paul Bevington.