IRIS Software completed the acquisition of FMP Global from Tenzing for £137m.

IRIS, a software company, completed the acquisition of FMP Global, a provider of payroll and HR services, from Tenzing, the UK lower mid-market investor, for £137m. “As part of our acquisition strategy, we continue to identify opportunities to expand both domestically and internationally where we can apply our expertise in compliance-driven software. Bringing FMP into the Group is transformative, expanding IRIS’ footprint into the US and other international markets, while also further strengthening our position in the UK payroll and HR sectors," Kevin Dady, IRIS Software Group CEO.