IRIS Software Group expands US Business with Apex HCM Acquisition

By Tom Kilkelly

2 March 2023

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Slough-based accountancy and payroll solution software provider IRIS Software Group has acquired US-based software providers Apex HCM.

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. The acquisition of Apex Software by IRIS reflects the Slough company’s ambitions to continually expand their US customer base.

The financial details of the deal have not been revealed.

CEO of IRIS Elona Mortimer-Zhika said: “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 milestone in IRIS’ international growth. The combined business provides payroll solutions for over 130,000 SMBs and one million employees across the United States and Canada.

President and general manager of IRIS Americas Jim Dunham said: “Apex is an excellent addition to our US Payroll business. This acquisition 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.”

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By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.