Alantra advised the shareholders of PS Financials, the UK’s leading financial management software (FMS) business, on their sale to IRIS Software Group
Alantra has advised the shareholders of PS Financials, the UK’s leading financial management software (FMS) business, on their sale to IRIS Software Group.
Peterborough-headquartered PS Financials provides accounting, purchasing, budgeting and reporting software to more than 2,900 organisations. The business was founded by Richard Pierce in 2001 and has grown to become the leading FMS provider in a number of industries.
The company services a range of markets with its award winning unified ledger solution, including commercial, finance, hospitality, health & social care and not-for-profit. The business is particularly strong in the education sector where it has operated for more than ten years successfully selling on-premise and cloud-based installations into primary and secondary school academies.
The acquisition reflects the IRIS strategic growth plan to extend its proposition through a broad portfolio of accounting, HR, payroll, budgeting and forecasting software to best serve the needs of a fast growing and dynamic UK market.