IRIS Software Group – one of the UK’s largest software companies – has acquired Paycheck Plus, one of Ireland’s leading payroll services providers.
Founded in 2005, Drogheda-based Paycheck Plus has clients in Ireland, the UK, across Europe, and in the US.
The company provides an extensive range of payroll outsourcing services and is ISAE 3402 accredited, which verifies international standards for outsourcing, including all necessary procedures, systems and controls.
Founder and CEO Anne Reilly (pictured) commented: “Since 2005, our mission has been to help our clients be their best by ensuring their payroll function is outstanding.
“I am incredibly proud to lead Paycheck Plus into its next stage of growth and I know IRIS is an incredibly safe pair of hands for both our customers and colleagues.
"I look forward to supporting Bróna Grogan as Seamus Reilly steps down and she takes over the reins at Paycheck Plus."
IRIS has over 100,000 global customers with 80% having a tenure of five or more years. 21,000 UK accountancy practices, including 91 of the top 100 firms and hundreds of US CPAs, including 54 of the top 100 firms, use IRIS software.
The company says that over 6m employees globally, including one in five of the UK’s workforce, are paid by IRIS payroll offerings.
David Lockie, chief operating officer at IRIS, stated: “Paycheck Plus has an unrivalled market reputation, and its significant achievements in the last 17 years reinforces a strong synergy between our cultures.
“Bringing Paycheck Plus into the IRIS family enables us to expand our Irish footprint further and provide our customers with a highly credible route into the EU. Combining our decades of experience, our global payroll and HR solutions will enable businesses to continue their EU operations with minimal disruption.
“Over the coming years, we will continue to look for further opportunities to build scale in the managed payroll sector as part of our long-term ‘build, buy, partner’ strategy,” he added.