IRIS FMP acquires International HR consultancy MCN Associates

20th September 2017

IRIS FMP have acquired MCN Associates, the international HR consultancy providing full service HR support to businesses when expanding abroad, setting out a vision to offer ‘all inclusive’ international HR services for a single monthly fee.

The new company will retain the MCN Associates brand and the current management team will remain in place ensuring continuity of service and systems for existing clients. The acquisition will be completed on September 19, 2017

GROUND-BREAKING ‘ALL INCLUSIVE’ HR

Justin Cottrell, CEO of IRIS FMP said “This strategic acquisition allows us to provide a full suite of HR services to SME’s and start-ups planning their first foray overseas”.
MCN share our vision and are the perfect partner for the next stage of service development, to offer unlimited access to International HR specialists and the MCN Unite SaaS portal on an ‘all Inclusive’ basis and for a single monthly fee.

We are excited about investing into the MCN business, broadening our offering and continuing to drive service excellence for our clients and partners worldwide.”
Nicky Walsh, Co-Founder at MCN, commented: “We are delighted to be able to partner with Justin Cottrell and IRIS FMP’s market-leading management team.

The international payroll services market is growing strongly and with IRIS FMP’s track record of innovation it is well placed to build on its already impressive growth. We are excited about having the investment and support to realise the next phase of our company’s potential. We are relishing the challenges ahead and continued success with the team at IRIS FMP.”

NOT JUST BUSINESS AS USUAL
The new company retains the three founding directors May Wong, Nicky Walsh and Chris Davies, and the talented professional, customer centric teams that currently serve the company’s diverse international audience. For customers, the change of ownership will be seamless, with a planned transition over a number of months.
The acquisition however opens up opportunities across both businesses to offer a broader complementary range of services.

For further information please contact:
Gary Webb, IRIS FMP Marketing and Communications Director
gary.webb@fmpglobal.com

About MCN Associates
MCN Associates is a global HR services firm specialising in supporting rapid growth to SMEs, rapidly expanding venture backed companies, and divestiture and acquisition processes. The team at MCN are passionate about helping clients harness the sales and service opportunities that come with rapid global expansion. MCN has headquarters in Bristol, England and works with a network of more than 200 delivery partners located in over 50 countries throughout the world. Founded in 2009, MCN is a recognised partner to private equity backed companies and founder-based SMEs in planning and delivering on aggressive multi-national growth plans. For more information, visit http://www.mcn-hr.com.

About IRIS FMP
IRIS FMP is the leading provider of payroll and HR services to international and UK based SME organisations, with over 40 years experience. Working in over 135 countries the company provides a wide portfolio of complementary services, ranging from outsourced payroll bureau services and international payment facilitation to HR and payroll software solutions. This blend of software and services ensures clients receive a flexible response to their needs, both domestically and internationally. IRIS FMP was supported through a private equity backed MBO in August 2016 merging the Bond Payroll Services, Bond HR & Payroll Software and IRIS FMP brands into one single entity. https://fmpglobal.co.uk/