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June 11, 2007
IRIS Software and CSG Bought Out For £500M
Hellman & Friedman is buying UK software companies IRIS Software and Computer Software Group from HgCapital, for£500M. IRIS sells accounting software. CSG provides software to the legal market. The group has combined revenues of £100M and will operate under the Iris Software Group brand.
Update: Max Bleyleben takes this deal under the microscope in his blog. Worth a read if you're wondering how private equity manages tech investments.
View Iris site and CSG site
Posted on June 11, 2007 05:22 PM | Posted to Business software | Permalink
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