Hg-backed Iris acquires Isams

Isams hopes to take advantage of its new parent company's school customers, its investment in cloud technology and its sector expertise to help it grow. The acquisition will help Iris to grow its education portfolio.

Previously a portfolio company of Hg 6, Iris is now owned by Hg Saturn Fund, which closed on £1.5bn in October 2018. The company is also backed by Intermediate Capital Group's ICG Europe Fund VII, which writes equity tickets of €60-600m.

Prior to the 2018 acquisition by Hg and ICG, the group made numerous bolt-ons, including payroll software company Star Computers in May 2018, and Contact Group – a UK provider of parental engagement and truancy management software to the education sector – in April 2018.

Company
Isams is a web-based management information system used in schools by data administrators, staff, students and parents, with a range of reporting and engagement tools. These modules manage admissions, academic reporting and tracking, examinations, wellbeing, communication, HR, fee billing and accounting. Founded in 2005, it has 130 employees and is based in Northampton.

People
Iris Software – Kevin Dady (executive chairman).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Technology
• United Kingdom
• HgCapital
• Build-up
• Buy-and-build