15 Aug 2008
IRIS, one of the fastest growing
and now the largest privately owned software business in the UK has
announced the acquisition of 5 Star Computer Systems Ltd, a leading
reseller and partner of the multi award-winning financial
management system for mid-sized organisations, IRIS
Exchequer.
Headquartered in Kent and founded in 1994, 5 Star Computer Systems
has established an excellent reputation for the quality of its
customer service and the delivery of expert consultancy to medium
sized companies using business and accounting systems in South East
England.
This is a significant move for IRIS as it underscores the
investment it is making in the IRIS Exchequer system, sales of
which are increasing by 15% year on year, in terms of its
development and in the implementation and support of the
product.
IRIS Exchequer is rated best mid-range software product for
business by the Institute of Chartered Accountants in England and
Wales (ICAEW 2006) and is the three times winner and current holder
of the title ‘Financial Software Provider of the Year’ in the FD’s
Excellence Awards held in association with the CBI. Its customer
retention rates of 95% year on year are among the highest in the
industry.
The business will join the growing portfolio of the IRIS
Accounting & Business Solutions division which comprises
the mid-market ERP systems, IRIS Exchequer and IRIS Chorus and the
project management solutions, IRIS PROJECTminder and IRIS SharpOWL.
The division is headquartered in Bournemouth with offices in
Brighton, Barnstaple, West Bromwich and Norwich.
The founders, Andrew and Graeme Clarke will remain actively
involved in the operation and will focus on delivering business
benefits to customers through IRIS Exchequer with access to the
support and resources of the wider IRIS group. Stuart Dawson,
Managing Director of IRIS Accounting & Business Solutions
commented:
“We are delighted that 5 Star is joining forces with IRIS as
they have been the number one reseller of IRIS Exchequer for some
years and a valued business partner since 1999. Their expertise in
the implementation, support and bespoke development of the IRIS
Exchequer product will be invaluable moving forward. Customers are
already benefiting from the expansion of IRIS allowing them to
implement fully integrated specialist systems from a single vendor
with IRIS Exchequer at the heart of the system. As
always, our emphasis will be very much on ensuring ‘business as
usual’ for the customer base"
Founded 30 years ago, IRIS is one of the fastest growing and now
the largest privately owned software business in the UK. It has
revenues of c£120m pa and c1,200 employees servicing over 60,000 UK
businesses from a national network of offices.
Find out more about IRIS
Exchequer