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Announced

Completed

IRIS Software completed the acquisition of Apex HCM from Serent Capital.

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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hcm solutions

Software

Friendly

Private Equity

Completed

United States

Acquisition

Cross Border

Majority

Single Bidder

Private

Synopsis

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IRIS Software, a software provider of accountancy and payroll solutions, completed the acquisition of Apex HCM, a cloud-based HCM enterprise software provider, from Serent Capital, a private equity firm. Financial terms were not disclosed. “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," Elona Mortimer-Zhika, IRIS CEO.

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