Breaking News: IRIS Software Group Secures £320M in Funding to Spearhead Next-Gen Cloud Solutions

IRIS Software Group, a leading global provider of mission-critical software and services, has successfully raised an impressive £3.2 billion in a recent funding round. This significant investment underscores the growing demand for robust, integrated software solutions that facilitate better business decision-making while minimizing administrative burdens. Founded 45 years ago, IRIS has evolved from its roots in accountancy software into a trusted partner for over 100,000 customers across 135 countries, transcending its initial focus to offer comprehensive payroll, HR, and education solutions. The new funding will be strategically directed towards enhancing product development, with a particular emphasis on cloud-based innovations that streamline business processes and provide users with valuable time resources. Building on its already remarkable foundation, IRIS aims to expand its capabilities using cutting-edge technologies from its Product Development Centres in India and Romania. Currently, nearly five million employees benefit from IRIS's global payroll and HR solutions, making the company a key player in its sectors, particularly in the UK where one in eight employees is paid through IRIS payroll solutions. The firm’s consistent recognition, including accolades such as Technology Company of the Year in the UK Tech Awards and Company of the Year in the Bett Awards 2023, reflects its commitment to excellence. This funding not only positions IRIS for continued growth but also empowers it to further its mission of enabling organizations to focus on what truly matters – thriving in today’s competitive landscape.