Payplus to be bought by IRIS Software

IRIS Software Group has struck an agreement to acquire managed payroll services provider Payplus.

Payplus is the latest addition to IRIS’s expanding software portfolio aimed at businesses. Launched in 2008, Payplus is a payroll service with a focus on managed payroll and P11D services, designed to streamline workflow and improve efficiency.

With over six million of the UK’s workforce reportedly paid using IRIS’s payroll software, the company is already a recognised presence in the payroll sector. Still, the acquisition of Payplus will prove to benefit IRIS Software, especially now when managing payroll has been facing heightened challenges. Issues caused by COVID-19 lockdowns and the introductions of furlough payments has meant payroll has become increasingly difficult to manage effectively.

Elona Mortimer-Zhika, CEO of IRIS Software Group said:“Payplus joining the IRIS family allows us to expand our offerings for managed payroll services, delivering business and educational organisations best-in-class services.”

Robin Mead, MD of Payplus, added “Our goal is to support our customers to work productively and remain compliant. We are delighted to bring Payplus onboard and will continue to support its growth and invest in its best-in-class services to benefit both existing and new customers.”