Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Dext on its sale to IRIS, a leading global provider of accountancy, education management, HR and payroll solutions.

Founded in 2010 and headquartered in London, Dext is a leading bookkeeping automation platform that serves 12,000 accounting offices and 700,000 businesses globally. Dext simplifies bookkeeping and improves productivity by automating routine tasks with AI.

The transaction will unite two sector-leading cloud-based platforms to deliver a complementary and fully integrated end-to-end solution for accountants, bookkeepers and businesses. IRIS will accelerate Dext’s product roadmap, provide additional capital and enhance its partner integration program which is already connected to over 35 bookkeeping software platforms and over 11,500 banks and financial institutions.

This transaction demonstrates Arma Partners’ ability to deliver successful strategic outcomes for next generation cloud-native category leaders and reinforces the firm’s exceptional track record in accounting software and Office of the CFO software.