Pictured above: Roy Botterill partner and head of
Harvey Ingram's Corporate team
IT firm Formation Software was snapped up by market leading
specialist IRIS Software Group, for an undisclosed sum.
Formation Software, based in West Walk, Leicester, specialises
in creating bespoke, niche computer packages for lawyers and
barristers. It proved a very attractive opportunity for IRIS,
currently the UK's largest privately-owned and fastest growing
computer firm, which moved quickly to complete the deal.
Negotiations were overseen by Roy Botterill, partner and head of
Harvey Ingram's Corporate team, along with the Leicester-based team
at financial adviser Vantis. As a result, all existing Formation
Software staff will now be retained by IRIS.
Formation Software founder David Randall says: "We are delighted
with the speed with which this deal was completed. Joining forces
with IRIS offers a superb opportunity to our customers given the
investment and resources the company has available. I'm looking
forward to watching it go from strength-to-strength."
Nick Ozga, of IRIS Software, says: "We were able to complete the
deal very quickly and efficiently thanks in part to the
professionalism of the team at Harvey Ingram, as representatives of
Formation Software. IRIS plans to continue development of
Formation's products and support the company's prestigious client
base along side its own. The skills mix within the ex-Formation
staff will be complementary to that of IRIS, which believes the
purchase will reinforce IRIS' position as leader in the legal
software market."
Roy Botterill says: "We are delighted to be able to help
Formation Software complete this deal. Negotiations were concluded
very quickly and smoothly. It's a sector we specialise in and an
area that has continued to expand - regardless of the economic
climate."