The global deal will see the acquisition of Dext, which is owned by private equity firm Hg Capital, by the end of the year expanding the global digital footprint in the UK, US, Canada, France and Australia.

The two cloud-based companies will be able to integrate existing software from Dext Bookkeeping Automation Platform and IRIS Elements to provide a streamlined service for accountants, bookkeepers and businesses.

In a statement, IRIS said: ‘Together, both companies will cover the entire end-to-end accountancy workflow, from data entry and processing to compliance, reporting and advisory services.

‘Currently, many accountants and businesses face “app fatigue” juggling multiple, disconnected tools to get their daily work done. Through integration, IRIS and Dext’s cloud platforms will connect seamlessly with a secure single sign-on (SSO) and share data back and forth across both platforms.’

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