Iris Software Group, a software provider of accountancy and payroll services, has acquired Apex HCM, a cloud-based human capital management enterprise software company for payroll service bureaus (PSBs) and certified public accountant (CPA) firms.

Founded in 2008, Apex’s software is used by over 250 PSBs and CPA firms across the U.S. to provide payroll services to over 40,000 small- and medium-sized enterprises (SMEs). The company helps PSBs and CPAs to serve clients with recruitment, onboarding, benefits administration and time and attendance software from a cloud-native platform.

“Apex is an excellent addition to our U.S. payroll business and supports our strategy to empower PSBs and CPA firms with market-leading technology to scale their businesses profitably and serve the evolving needs of their SME customers,” says Jim Dunham, president and general manager of Iris Americas.