Iris News & Articles

Every company likes to save something special for their annual convention, and IRIS (news, site) is no exception. One of the releases that caught our attention was the upgrade to IRISPowerscan, which comes with a built-in connector to SharePoint 2007 and a wizard for capturing and managing documents.

Dutch Enterprise CMS firm Morningstar Systems, which specializes in the integration of third-party Enterprise CMS products for customers, has been purchased by the IRIS group. They will fork over €2.6m in cash up front and make further payments over the next two years, dependent on the performance of the acquisition over that period. The final price is expected to be 5-7 times Morningstar’s EBIT, which is pretty much fair dinkum. Morningstar turned over 3 million euros in 2006, and as of yesterday, IRIS owns the whole kit and kaboodle.