Document management software provider Doc.It has been acquired by IRIS Software Group, a provider of accounting software globally.
Financial terms of the deal were not disclosed.
The buy comes at a time when CPA firms across North America are looking to expand and deploy new services, aided by cloud-enabled technology like Doc.It. Doc.It gives IRIS a well-developed document management solution to incorporate into its offerings, helping deliver efficiency.
IRIS’ own mission is to further expand its presence in North America through its global, long-term “build, buy, partner” strategy. IRIS continues its focus on investing in people and products, and plans to hire significantly in North America over the coming months to broaden its service offerings for CPA firms.
“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,” said Elona Mortimer-Zhika, CEO of IRIS Software Group, in a statement. “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.”
“The last year has proven CPA firms need the best tools at the heart of their practice,” said Don Emery, general manager of Doc.It, also in a statement. “There’s even more compliance, and practices are looking to build more collaborative, advisory relationships with their clients as we move beyond the initial impact of Covid-19. We couldn’t be more excited about joining the IRIS family.”
