IRIS Software Group (IRIS), a global accounting software provider, has acquired Conarc, a U.S. document managementsoftware provider for CPA firms. Financial terms of the deal were not disclosed.
The move marks the next stage in IRIS’s mission to rapidly expand its foothold in North America, following its acquisition of Doc.It in July 2021. IRIS continues to expand its practice management and productivity solutions as CPA firms across North America evolve and look to deploy new services. IRIS already works with 50 of the top 100 CPA firms in the U.S. as well as many others. The company plans to continue to grow its suite of solutions for accounting firms in North America, especially as the COVID-19 pandemic has increased the need for comprehensive document management systems and secure online exchange of confidential information.
“Conarc joining the IRIS family is another step in expanding our presence and unlocking significant growth opportunities in North America, delivering the best software solutions CPA firms need to succeed in today’s constantly changing business landscape. While CPAs aim to provide advisory services in the quest for market growth, firms have also navigated significant regulatory changes during the pandemic,” said Elona Mortimer-Zhika, CEO of IRIS Software Group.
Founded in 1996, Conarc’s iChannel software solutions were designed to enable CPA firms to connect all information in one place, allowing them to create reports and manage workflows more efficiently so they can focus on connecting with clients in meaningful ways and growing their firms.
“The last 18 months have proven CPA firms need the right tools to connect all of their activities in one place so they can create a complete picture for and connect with their clients. We’ve spent over two decades at Conarc working with CPA firms to design and develop solutions that enable them to enhance their productivity and expand their operations. With the incredible IRIS resources and working with a brilliant IRIS team, we’ll be able to take our offering to the next level. We’re delighted to be joining the group,” said Meredith Jolly, CEO of Conarc.
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