IRIS Software Group expands US business with Apex HCM acquisition

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Posted: 28th February 2023

Deal expands IRIS’ US Payroll and HCM technology offering for payroll service bureaus and CPA firms

IRIS Software Group (IRIS), a leading global software provider of accountancy and payroll solutions, today announced it has acquired Apex HCM (Apex), a leading cloud-based HCM enterprise software provider for payroll service bureaus (PSBs) and Certified Public Accountant (CPA) firms.

Founded in 2008, Apex’s software is used by over 250 PSBs and CPA firms across the US to provide payroll services to over 40,000 small and medium sized enterprises (SMEs). Its all-in-one HCM suite enables PSBs and CPAs to serve their SME clients with recruitment, onboarding, benefits administration and time and attendance software from a cloud-native platform.

Elona Mortimer-Zhika, CEO of IRIS says, “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. The combined business provides payroll solutions for over 130,000 SMEs and one million employees across the United States and Canada.

Jim Dunham, President and General Manager of IRIS Americas, comments, “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.”

The news follows a strong year of growth for IRIS across the Americas. In 2022, IRIS recorded 28 percent 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.