It has just been announced that the IRIS Software Group has revised its corporate structure to create two separate operating companies within the same capital structure. The two new companies are IRIS Accountancy Solutions, which will now be headed by Phill Robinson as CEO, and the IRIS Software Group, which includes HR, not-for-profit, SME and the IRIS Legal business. The group CFO Neal Roberts will serve as interim CEO while the board searches for a new CEO. It has also been announced that Martin Leuw has resigned as Group Chief Executive. Leuw will remain with IRIS as a non-exec director, while Nick Discombe has been appointed as Group Chairman.
* We will publish the full announcements later today as we are currently operating in a comms black hole.