IRIS BUSINESS SERVICES announces strategic partnership with Prophix for IRIS CARBON®

IRIS BUSINESS SERVICES (IRIS), a global leader in business reporting and compliance solutions, today announced a strategic partnership with Prophix, a leading provider of financial performance management software.

Prophix will now offer IRIS CARBON®, IRIS' compliance reporting SaaS solution to the Office of the CFO across its clientele primarily in North America and Europe. "It expands the market for our award winning IRIS CARBON®, software by increasing our visibility in the office of the CFO across companies in Europe and the USA," explained Deepta Rangarajan, Founder & Whole Time Director of IRIS.

For the last 20 quarters, IRIS CARBON® software has been topping the charts in the USA for the quality of XBRL/iXBRL filings generated by it. It has also been ranked 2nd in terms of 'Ease of Use' in the Disclosure Management Software category by G2 Research whose rankings guides the purchase decision of many technology buyers. Earlier this year, IRIS CARBON® won the APPEALIE SaaS Software Award in the mid-market segment. "The partnership with Prophix will help us amplify these messages," Deepta added, pointing to the client base across 29 countries ranging from Fortune 100 to mid-market and small reporting entities in the US, Europe, UK, Ireland, South Africa, and India.

Shares of IRIS Business Services Ltd was last trading in BSE at Rs. 139.45 as compared to the previous close of Rs. 139.25. The total number of shares traded during the day was 2045 in over 68 trades.

The stock hit an intraday high of Rs. 140.95 and intraday low of 138.00. The net turnover during the day was Rs. 283901.00.

Source : Equity Bulls

Keywords

IRISBusinessServices INE864K01010 StrategicPartnership Prophix