Iress will look to make further acquisitions both home and abroad in the coming year.
In its 2006 full year results the information technology firm said they would look at companies in both Australia and South Africa.
The statement comes after Iress confirmed two weeks ago it is in preliminary discussions with Visiplan's owners IWL for the planning software provider.
Iress recorded a published net profit after tax of $24.3 million for the year ending December 31, compared to $19.6 million in the previous corresponding period.
The groups planning software division Xplan reported an after tax profit of $2.02 million, boosted by the acquisition of PlanTech late in the year.
"Further organic growth combined with the acquisition of PlanTech in September 2006 will see Xplan become a substantial revenue and profit contributor in 2007," Iress managing director Peter Dunai said.
"On an annualised basis revenue from Xplan/PlanTech is tracking over $16 million with costs expected to settle (after transition expenses) to between $8 and $9 million."
