IRIS Software Group Announces Major Management Changes Ahead of 2025

Management Changes at IRIS Software Group for 2025

IRIS Software Group, renowned for its innovative financial and educational solutions, just announced pivotal changes in its management structure set for 2025. After nearly ten years at the helm, Elona Mortimer-Zhika, the current CEO, will step down from her role at the start of the new year, focusing instead on family commitments, philanthropic endeavors, and board responsibilities within the UK.

Mortimer-Zhika's decision follows a transformative period for the company, during which it was sold to Hg, Leonard Green Partners, and Intermediate Capital Group in a landmark transaction that valued IRIS at approximately $4 billion. This strategic sale coincided with the acquisition of Dext, marking the largest buyout in IRIS’ history and leading to an impressive 20% increase in overall revenues.

In light of these developments, the company is currently conducting an executive search for a new US-based global CEO. This individual is expected to spearhead a new chapter in IRIS' evolution, focusing on expanding the company’s footprint internationally while fostering product innovation and maintaining exemplary customer success. Until a permanent CEO is appointed, Gus Malezis, who serves as the Executive Chairman, will take on the interim CEO duties.

Reflecting on her tenure, Mortimer-Zhika remarked, “Leading this company has been an extraordinary opportunity. IRIS has all the hallmarks of a great organization: loyal customers, innovative cloud solutions, fantastic investors, and a dedicated team that prioritizes client success. I deeply appreciate the support of all our employees and clients.”

Elona's leadership has been instrumental in IRIS’ growth trajectory over the past decade. During her time as CEO, the company tripled its size, transitioned to a cloud Software as a Service (SaaS) platform, expanded into the Americas, and enhanced its customer Net Promoter Score significantly. Notably, IRIS has acquired over 30 companies and has been recognized as a Great Place to Work® multiple years in a row across various countries, including the UK, USA, Canada, India, Ireland, and Romania. Additionally, women represent nearly 49% of the workforce, underlining IRIS' commitment to diversity and inclusion.

Gus Malezis, while stepping into the interim CEO role, praised Mortimer-Zhika’s leadership, stating, “For almost a decade, Elona has built a luminous future for IRIS, establishing a strong foundation for future success. The culture she fostered will continue to guide us as we aim for the stars.”

Looking ahead, the board is set to select a new CEO in the coming months, with the aim of concluding the search by the end of 2025. This decision is crucial for IRIS as it seeks to enhance its impact across various sectors and maintain its leading status in the accounting industry.

As Nic Humphries, board member and senior partner at Hg remarked, “Elona has been a transformative leader for IRIS. We are thankful for the incredible legacy she leaves behind, positioning the company for further growth and innovation.”

The overarching goal for IRIS now is to embrace a new era of global excellence, leveraging the solid groundwork laid during Mortimer-Zhika’s impressive tenure. The company's future appears promising as it searches for a leader who can navigate its next phase of evolution and capitalize on its existing strengths. The next CEO will play a pivotal role in steering the firm toward broader horizons and maintaining momentum in an increasingly competitive market.

For stakeholders and industry watchers, the changes at IRIS signify a significant shift, poised to redefine the company’s path forward in the tech landscape. As the new management team takes shape, the industry will undoubtedly be keenly watching how IRIS adapts and evolves in this dynamic environment.