Iris Software
Iris Software is a privately held, founder-led IT services firm delivering enterprise software engineering, cloud, data, AI/GenAI, and integration services to 25+ Fortune 500 clients, primarily in Banking & Financial Services and Insurance, across the U.S., Canada, and India.
- Company typePrivate
- Founded1991
- HeadquartersEdison, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Iris Software does
Iris Software, Inc. is a privately held IT services and technology solutions firm headquartered in Edison, New Jersey, founded in 1991, and operating across the United States, Canada, and India with a global workforce of approximately 4,300 professionals. The company delivers enterprise software engineering, application development, cloud modernization, data and analytics, integration (iPaaS/API management), quality engineering, intelligent automation (RPA), and applied Generative AI services to roughly 25 Fortune 500 clients in Banking & Financial Services (the primary vertical), Insurance, EdTech, Life Sciences, Manufacturing, Professional Services, and Transportation & Logistics.
Its core technology stack is built around enterprise-grade cloud platforms (AWS, Microsoft Azure, Google Cloud), data platforms (Snowflake, Apache Spark, Power BI, Tableau), integration tooling (Boomi, Apache Camel, Solace, APIGEE, IBM DataPower), RPA vendors (UiPath, Automation Anywhere, Blue Prism), and AI/ML components including OpenAI/Azure OpenAI, Llama-2-7B-chat, FAISS and Pinecone vector databases, and S-BERT embeddings. Iris packages these into reusable solutions such as the ACE-FINEOS Absence Management integration, the Eagle Access Data Platform, the Simon Workflow Portal, the Agnostic Test Automation Framework, and a growing portfolio of Gen AI assistants for AML compliance, commercial lending, insurance underwriting, and logistics API productivity.
The company operates a project-based, quote-based professional services model with multi-year enterprise engagements, monetizing through consulting, application development, managed services, and platform-led delivery. Its go-to-market is enterprise field sales targeting large financial institutions, insurers, and corporates, supplemented by participation in industry events (e.g., Reuters Future of Insurance, Medidata NEXT, FinExpo) and analyst-recognized positioning as a Leader in Everest Group's inaugural BFS IT Services Specialists PEAK Matrix Assessment 2025. The company is founder-led, with no disclosed funding rounds, acquisitions, or institutional investors.
Iris Software firmographics
Firmographics- Name
- Iris Software
- Legal name
- Iris Software, Inc.
- Website
- https://irissoftware.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Iris Software is a privately held, founder-led IT services firm delivering enterprise software engineering, cloud, data, AI/GenAI, and integration services to 25+ Fortune 500 clients, primarily in Banking & Financial Services and Insurance, across the U.S., Canada, and India.
- Ownership category
- akta.pro rank
Iris Software industry classification
Industry- Product category
- IT Services
- NAICS
- Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511), Other Computer Related Services (541519)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Enterprise Integration, iPaaS & Middleware Services (API/EDI) (BPAEAGAH)
- akta.pro secondary industries
- Data Engineering, Integration & ETL/ELT Services (BPAEAHAB), AI/ML Engineering & Model Development Services (BPAEAHAF), Strategy & IT Advisory (BPAEAAAA), AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI)
Keywords
Where Iris Software is headquartered
LocationHeadquarters
- HQ city
- Edison
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
Iris Software business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- IT Consulting and Professional Services: B2B professional services model providing software engineering, application development, cloud migration, and technology consulting services to enterprise clients. Revenue generated through project-based engagements and long-term partnerships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise custom engagements |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels7 records
Iris Software product offering
Product offeringCore offering
Iris Software provides enterprise IT services across eight core technology practices — Automation, Cloud, Data & Analytics, Application Managed Services, Generative AI, Integration, Interactive, and Quality Engineering — delivered primarily to Banking & Financial Services, Insurance, EdTech, Life Sciences, Manufacturing, Professional Services, and Transportation & Logistics clients. Services are sold through project-based engagements and long-term partnerships with Fortune 500 enterprises, leveraging multi-shore delivery from offices in the United States, Canada, and India.
Product overview
Iris Software is an IT services and technology solutions company offering a portfolio of services organized into core technology offerings (Automation, Cloud, Data & Analytics, Application Managed Services, Generative AI, Integration, Interactive, and Quality Engineering) and industry verticals (Banking & Financial Services, Insurance, EdTech, Life Sciences, Manufacturing, Professional Services, and Transportation & Logistics). The company's services are delivered through project-based engagements and include specialized solutions such as the ACE-FINEOS Absence Management platform, BI Report Modernization, Gen AI conversational assistants for compliance and banking, Cloud-Native Trading platforms, and Test Automation Frameworks. These solutions leverage enterprise platforms like AWS, Azure, Snowflake, Power BI, and various LMS systems, with key technology partnerships across automation (UiPath, Blue Prism, Automation Anywhere), cloud (AWS, Google Cloud), and data platforms (Snowflake, Apache Spark, Tableau).
Differentiator
Problem solved
Functional benefit
Products and services
- Automation Services Intelligent automation solutions using RPA, workflow orchestration, and AI-powered process optimization for enterprise operations across banking, insurance, and manufacturing sectors.
- Cloud Services Cloud infrastructure modernization, migration, and management across AWS, Azure, and multi-cloud environments for operational scalability and reduced technology spending.
- Data & Analytics Services Enterprise data optimization, analytics platforms, BI reporting, and data science solutions using Snowflake, Power BI, Python, and Apache Spark for informed decision-making.
- Application Managed Services Enterprise application management ensuring alignment with business goals through enhanced performance, reliability, and efficiency optimization.
- Generative AI Services AI-powered software engineering and intelligent automation using LLMs, conversational AI, and enterprise GenAI platforms for productivity and innovation across enterprise operations.
- Integration Services Enterprise integration solutions using iPaaS, API management, middleware, and cloud-native integration patterns for seamless data and application connectivity.
- Interactive Services Customer experience enhancement through interactive business solutions, responsive web design, and digital transformation for improved engagement.
- Quality Engineering Services Comprehensive testing solutions including test automation, performance testing, and quality assurance using Selenium, JMeter, and DevOps-integrated testing frameworks.
- Banking & Financial Services Vertical Specialized IT services for capital markets, investment banking, brokerage, wealth & asset management, risk & compliance, corporate banking, AML/KYC, and retail banking & payments clients.
- Insurance Vertical Insurance technology solutions including policy administration, claims management, absence management, and insurance data modernization across life, property, and casualty segments.
- EdTech Solutions Vertical Educational technology services including LMS integration, test delivery platforms, certification management, and learning center modernization for global education organizations.
- Agnostic Test Automation Framework Lightweight, reusable automation ecosystem supporting UI, API, mobile, and Salesforce application testing for enterprise DevOps and QA needs.
Quantifiable outcome
- Up to 99.99% uptime achieved for learning platforms
- +5 more outcomes
Companies that use Iris Software
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles3 records
Iris Software technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration28 records
AI capability10 records
Feature4 records
Iris Software partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and secondary.
- AWS (Amazon Web Services)coreTechnology partnership for cloud infrastructure and services; AWS used for deploying client solutions across cloud environments
- Microsoft (Gold Partner)coreMicrosoft Gold Partner status for Azure and related Microsoft technology implementations
- Google CloudcoreTechnology partnership for Google Cloud Platform implementations
- SnowflakecoreTechnology partnership for Snowflake data cloud implementations
- UI PathsecondaryRPA technology partnership for automation solutions
- Automation AnywheresecondaryRPA technology partnership for automation solutions
- BluePrismsecondaryRPA technology partnership for automation solutions
- DockercoreContainerization technology partnership for application deployment
- KubernetescoreContainer orchestration technology for cloud-native application deployment
- OpenAIcoreAI/LLM technology partnership for GenAI solutions including GPT-3.5 Turbo integration
- FINEOSsecondaryInsurance SaaS platform partnership for absence management and insurance solutions
- SingularitysecondaryInvestment data platform integration for insurance and financial services clients
- BNY Eagle AccesssecondaryFinancial data platform for accounting data warehouse solutions
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Iris Software competitors and assessment
Company assessmentBroad incumbents
- Infosys: Infosys is a global IT services leader with a flagship Financial Services vertical serving retail, commercial, and investment banks. It competes with Iris on multi-year BFS transformation, cloud, and data modernization deals at a larger scale.
- Wipro: Wipro's Financial Services division competes directly with Iris on capital markets, risk & compliance, and insurance IT engagements. Like Iris, Wipro pairs domain specialization with offshore-led delivery, though at much greater scale.
- Capgemini: Capgemini's Financial Services practice (and its frog design arm) competes with Iris on BFS modernization, Gen AI, and data platform programs across US and European financial institutions.
- Accenture: Accenture is the largest broad-based IT services and consulting incumbent with a dominant Financial Services practice. Iris competes with Accenture on large-scale BFS transformation, cloud, and data programs at the upper end of the same deal pool.
- Tata Consultancy Services (TCS): TCS is the largest Indian-headquartered IT services firm and a dominant BFS IT services provider globally. Iris competes with TCS for BFS modernization, Gen AI, and platform engineering contracts within the same Fortune 500 client pool.
- Cognizant: Cognizant's Financial Services and Insurance practices target the same North American BFS and insurance carrier accounts as Iris, with comparable offerings across digital engineering, data, cloud, and AI services.
- NTT Data: NTT Data Services is a global IT services incumbent with a strong banking and insurance vertical (especially in North America). It pursues the same F500 enterprise modernization mandates as Iris, often via onsite/nearshore hybrid delivery.
Direct peers
- Mphasis: Mphasis is a mid-tier India-rooted IT services firm with deep BFS specialization (capital markets, banking, mortgage, cards) targeting the same Fortune 500 financial institution client base as Iris, using a similar global onshore/offshore delivery model. It is the closest publicly tracked analog to Iris's positioning.
- Persistent Systems: Persistent Systems is a mid-tier IT services firm with strong BFS and healthcare verticals and a focus on product engineering, data, and AI services — a comparable size and go-to-market model to Iris, often cited alongside in Everest/HFS analyst reports.
- Hexaware Technologies: Hexaware is a mid-tier IT services provider with a BFS-heavy vertical mix, cloud and automation focus, and similar revenue scale to Iris. The two are commonly benchmarked in Everest Group's BFS IT services PEAK Matrix context.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Iris Software social profiles
Digital presenceIris Software compliance and trust
Trust signalCompliance4 records
Iris Software financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iris Software leadership team
Management profileNumber of profiles
Profiles8 records
Iris Software funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iris Software M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iris Software
What does Iris Software do?
Iris Software provides enterprise IT services across eight core technology practices — Automation, Cloud, Data & Analytics, Application Managed Services, Generative AI, Integration, Interactive, and Quality Engineering — delivered primarily to Banking & Financial Services, Insurance, EdTech, Life Sciences, Manufacturing, Professional Services, and Transportation & Logistics clients. Services are sold through project-based engagements and long-term partnerships with Fortune 500 enterprises, leveraging multi-shore delivery from offices in the United States, Canada, and India.
Is Iris Software a public or private company?
Iris Software is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Iris Software founded?
Iris Software was founded in 1991. It employs 1,001 to 5,000 people.
Where is Iris Software based?
Iris Software is headquartered in Edison, United States, in the North America region.
How does Iris Software make money?
One revenue line is on record: IT Consulting and Professional Services.
Who are Iris Software's main competitors?
Broad incumbents on record are Infosys, Wipro, Capgemini, Accenture, Tata Consultancy Services (TCS), Cognizant and NTT Data. Direct peers are Mphasis, Persistent Systems and Hexaware Technologies.
Does Iris Software have an API?
No public API is recorded for Iris Software.
What industry is Iris Software in?
Iris Software's product category is IT Services. Its primary akta.pro industry code is BPAEAGAH, Enterprise Integration, iPaaS & Middleware Services (API/EDI), with a secondary code of BPAEAHAB, Data Engineering, Integration & ETL/ELT Services. Its NAICS code is 54151 and its SIC code is 7370.