UK-based business-critical software provider IRIS Software Group has acquired identity management and cashless catering solutions provider, BioStore.

Designed to enhance and streamline access control and how catering services are delivered, BioStore’s technologies are currently used by more than 3,000 UK schools and sixth form colleges.

The transaction expands IRIS education portfolio by offering solutions to manage all aspects of school management, including finance, assets and communications.

IRIS Software Group CEO Kevin Dady said: “BioStore has developed some game-changing technology for the education sector and I’m delighted to welcome the business to IRIS.

“Together with IRIS, we can offer schools and businesses an end to end solution, which creates value by making budgets go further.”

“Our mission is to help all education establishments become more efficient and productive by reducing administration and delivering services that benefit schools, colleges, students and parents. This acquisition is yet another step in helping us achieve this goal.”

The deal adds BioStore to IRIS Education Division featuring PS Financials financial management; Results Squared asset management and communications; and ParentMail online payment and parent engagement.

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BioStore managing director Nigel Walker said: “We’re delighted to be part of IRIS Software Group where we can create even tighter integrations between our respective award-winning portfolios and innovate further.

“Together with IRIS, we can offer schools and businesses an end to end solution, which creates value by making budgets go further.”

IRIS offers business-critical software and services for accountants, schools, SMEs, corporates and non-profit organisations.

The company’s applications are currently being used by more than 650,000 SMEs and 21,000 UK accountancy firms.