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IRIS strengthens payroll presence
with acquisition of Ferguson GP Software
IRIS Software Group, the largest privately owned software
business in the UK, has announced that it has acquired Ferguson
GP Software, a specialist payroll provider servicing GP Practices.
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."
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