12 Dec 2023

IRIS Business Services soars on entering into strategic partnership with Prophix

IRIS Business Services is currently trading at Rs. 142.60, up by 6.75 points or 4.97% from its previous closing of Rs. 135.85 on the BSE.

The scrip opened at Rs. 135.85 and has touched a high and low of Rs. 142.60 and Rs. 135.85 respectively. So far 3193 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.95 on 29-Nov-2023 and a 52 week low of Rs. 66.10 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 144.70 and Rs. 134.85 respectively. The current market cap of the company is Rs. 276.09 crore.

The promoters holding in the company stood at 37.30%, while Non-Institutions held 62.70% in the company.  

IRIS Business Services (IRIS) has entered into 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. 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 it 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.

IRIS Business Services provides financial information, research, and training solutions to institutional, manufacturing, retail, and other industries in India and internationally.