IRIS acquires Thomson Reuters payroll product

IRIS Software, a provider of business software, announced the acquisition of myPay Solutions from Thomson Reuters, which enables outsourced payroll and associated banking and tax services via CPA firms to small and midsized businesses across the U.S.

"We are thrilled to welcome myPay Solutions to the IRIS family and are proud of this latest milestone as we continue to supercharge our presence in the Americas," said Elona Mortimer-Zhika, CEO of IRIS Software Group, in a statement. "IRIS is committed to delivering the best-of-breed software solutions accounting firms require to successfully manage and grow their firm in today's evolving business landscape, and myPay Solutions is an ideal addition to our payroll solutions portfolio.

The purchase is part of a wider strategy for the U.K.-based company to expand further in the U.S., as it complements the company's domestic and international payroll, and HR consultancy. To this end, it has been making several major acquisitions over the past year. Previous to this one, IRIS completed acquisitions of accounting technology providers Conarc, Doc.It and AccountantsWorld. IRIS has also made key C-level appointments in the region, including Jim Dunham as president and general manager.