IRIS Software Group acquires recruitment software firm Networx
Networx, a provider of Applicant Tracking System (ATS) and recruitment software and services, has been acquired by Datchet-based software company IRIS Software Group.
The acquisition boosts IRIS’ human capital management (HCM) offering through Networx’s integrated recruitment software, used by in-house recruitment teams and HR professionals through the talent acquisition process.
Elona Mortimer-Zhika, Chief Executive Officer at IRIS, said: “Networx joining the IRIS group adds further scale and growth to the HCM offerings in the UK.
“As the most active and highest growing partner in the IRIS HCM marketplace, Networx has an unrivalled market reputation, and our success together demonstrates a strong synergy between our cultures and software.
“Bringing Networx into the IRIS family enables us to propel our current HCM offerings. Combining our decades of experience, we will enable businesses to hire and retain top talent with minimal disruption.”
Established in 2001, Networx provides its software to more than 400 companies in the UK, across sectors including education, finance, legal, retail, hospitality and housing.
With reports that nearly one fifth of UK workers intend to find new employment in the next year in search of better money and job satisfaction, along with talent shortages impacting most industries, the need for recruitment software is more pressing than ever.
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Stephanie Coward, Managing Director for HCM at IRIS, said: “Our goal is to support our customers, not only to help them work productively and remain compliant but to ensure the employee experience is outstanding from the outset.
“We are delighted to bring Networx onboard and will continue to support its growth and invest in its people to benefit both existing and new customers. Networx has a strong reputation for excellent customer service and an industry leading engineering team based in Leeds.
“As we move forward, we will continue to seek additional opportunities to build scale in the HCM sector as part of our long-term ‘build, buy, partner strategy.”
Networx’s core product, Candidate Attraction Candidate Management, complements IRIS’ fully-integrated and highly tailorable HR and Payroll System, Cascade, with customers having regularly used both together for the last two years. The integration of Networx’s ATS and recruitment software into IRIS’ HR Suite boosts the company’s integrated and secure HCM system.
Darren Nuttall, Director at Networx said: “Regardless of industry, size of organisation or recruitment volumes, the talent experience has and continues to change.
“In-house recruitment and HR teams are battling an extremely competitive and time sensitive market which is only exacerbated by a global skills shortage across many sectors and disciplines.
“Joining IRIS with its incredible resources and working with the brilliant IRIS team, we’ll be able to take our software and services to the next level. We couldn’t be more excited about joining IRIS.”
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Featured image credit: IRIS Software Group/Networx/iStock
