Private equity-owned school software supplier IRIS Software Group today announced it has acquired iSAMS, the management information system (MIS) used by a third of UK private schools.
News of the acquisition was exclusively revealed by EducationInvestor Global two weeks ago.
iSAMS is a web-based MIS used by people involved with a school, including data administrators, staff, students and parents, offering a range of reporting and engagement tools, covering admissions, academic reporting and tracking, examinations, wellbeing, communication, HR, fee billing and accounting.
IRIS Software Group chairman Kevin Dady said: “As part of our growth strategy, we continue to identify opportunities to expand both domestically and internationally. Domestically we are seeing a growing need for schools to not only move to a SaaS environment for finance, HR and payroll, but increase their engagement with parents, provide more detailed reporting, and create more efficient, paperless administration systems.
“IRIS’s heritage, combined with its 11,000-plus school customers, investment in cloud technology and sector expertise will help iSAMS in the next phase of its growth.”
Alastair Price, managing director of iSAMS, added: “IRIS shares our vision for the next stage of growth. Its track record in the education market makes it the perfect partner. The support for management and its culture complements the next chapter of the iSAMS story. We are excited about IRIS investing into the business, reinforcing our commitment to service excellence for our customers worldwide.”
Grant Thornton oversaw the auction of iSAMS.
Date published: 20 October 2020