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KKR to Buy Iris

KKR is reported in talks to buy Iris, which owns a variety of tax and accounting office applications, for about $5.74 billion via debt financing. The deal was reported this week by Bloomberg, which attributed it to sources.

Iris owns several applications in North America. These include Practice Engine and Star Practice Management, the Payroll Relief, myPay and Apex HCM payroll applications and the Doc-It and iChannel document management applications.

Based in the United Kingdom, Iris also owns several office applications for that country’s accounting market.

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