BCMS manages IRIS Software Group acquisition of education SaaS specialist Results Squared
BCMS has today announced it has managed the completion of IRIS Software Group’s acquisition of Results Squared, the software developer behind one of the most successful school messaging apps in the UK.
Founded in 2006, Sheffield-based Results Squared has developed a suite of market-leading cloud and mobile applications to help parents keep up to date and assist schools in managing their assets.
IRIS Software Group is the UK’s market leader in business critical software across a variety of industries and has recently expanded its offering in the education sector.
Kevin Dady, CEO of IRIS Software Group, said: “I’m delighted to welcome Results Squared to IRIS Software Group to add further value to our PS Financials education market portfolio. This is another stepping stone in our strategic plan to grow the business and our mission to deliver outstanding service and innovation for our customers; further enhancing the value we create and providing a flawless service.“
Matthew Smith, Managing Director and founder of Results Squared, said: “Our customers have relied on us to save time, money and help improve performance. Joining an organisation with a strong focus and investment in the education market will enable us to bring our technology to an even wider audience. PS Financials has a strong reputation for excellence in the education market and we’re delighted to join forces to provide a software portfolio with unrivalled breadth and depth to best serve the needs of the education market.“
Results Squared was advised by BCMS, with legal advice from Brodies. The deal value is undisclosed.
BCMS Lead Advisor, Alan Southcombe, commented: “Matthew has built an amazing business, and as expected, there was a huge amount of interest in this opportunity from the market. IRIS had previously acquired two BCMS client companies and both the IRIS and Results Squared teams assisted greatly in bringing the deal to a successful conclusion. This market is growing rapidly, and BCMS will watch the progress of Results Squared as part of IRIS Software Group with interest.”