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New Deal


Announced

Completed

IRIS Software Group completed the acquisition of Doc.It.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Friendly

document management

Acquisition

database

Cross Border

Canada

Majority

Information / Data Services

Completed

Synopsis

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IRIS Software Group, a software solutions provider, completed the acquisition of Doc.It, a provider of document management, workflow and document storage solutions for accounting firms. Financial terms were not disclosed. “Doc.It joining the IRIS family allows us to supercharge our presence in North America, delivering the functionality CPA firms both want and need in today’s rapidly changing business landscape. The sheer number of regulatory changes combined with the need to provide strategic counsel during the pandemic, has meant CPA firms need the bandwidth and energy to improve collaboration, and provide value-added services to clients," Elona Mortimer-Zhika, IRIS CEO.

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