Kainos

Last updated

Kainos Group plc
Company type Public limited company
Industry Computer software
IT services
IT consulting
Founded Belfast, Northern Ireland (14 April 1986) [1]
HeadquartersKainos, 4-6 Upper Cres, Belfast, Northern Ireland, BT7 1NT
Key people
Russell Sloan (CEO) [2]
Tom Burnet (chairman) [3]
RevenueIncrease2.svg £374.8 million (2023) [4]
Increase2.svg £52.9 million (2023) [4]
Increase2.svg £41.6 million (2023) [4]
Website www.kainos.com

Kainos Group plc (commonly referred to simply as Kainos or Kainos Software) is a software company headquartered in Belfast, Northern Ireland that develops information technology for businesses and organisations. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. [5] [6] The company has three divisions – Digital Services, Workday Services, and Workday Products.  

Contents

Name

The word Kainos comes from ancient Greek, meaning "new" or "fresh". [7]

History

1986 to 2009

Kainos was founded as a joint venture between Fujitsu and The Queen's University of Belfast business incubation unit (QUBIS Ltd) on 14 April 1986. [8] [9] In January 1987, the company began trading in the QUBIS building on Malone Road, Belfast and Kainos founder, Frank Graham, was appointed managing director. [10]

A spin-off company of Kainos was established in 1994 called Lagan Technologies, which grew to become a software supplier into local government in the UK and the US. It was eventually acquired by U.S. based Kana Software in 2010. [11]

By 1997, due to the expansion of the company, Kainos relocated and opened offices in Mount Charles, Belfast, and opened its main headquarters in Upper Crescent, Belfast. [12]

Historical logo used by Kainos in the mid-2000s. Kainos Historical Logo.png
Historical logo used by Kainos in the mid-2000s.

After several years of business, in which Fujitsu was its main customer, the company sold most of its stake to ACT Venture capital in 2000. [13] ACT Venture capital later divested its shareholding in Kainos. [14]

In September 2004, Kainos entered into a partnership agreement with Mediasurface, the UK's largest content management provider. [15] The following year, Kainos entered into another partnership agreement in 2005 with TIBCO, a provider of infrastructure software. [16]

In 2007, a wholly owned subsidiary of Kainos called SpeechStorm was established, providing automated products for call centres, including touch tone, SMS, speech and visual IVR. [17] [18] That same year, management in Kainos bought out Fujitsu's remaining 20% shares. [13]

2010 to present

Kainos expanded its operations and opened a research office in Silicon Valley on 18 October 2010. [19]

On 19 November 2014, Kainos announced its plans to expand the Evolve Electronic Medical Records platform into Ireland. [20]

On 10 July 2015, Kainos was admitted to the main market of the London Stock Exchange, trading as Kainos Group plc. [5] [6]

As part of an extension of its US operation, in June 2020, Kainos announced plans to create 133 jobs in Indianapolis. The plans included expenditure of £650,000 to build new facilities in the area, marking the first venture into the US Midwest. [21]

Operations

Kainos has been a Workday implementation partner since 2011, providing management, integration, support and testing services for the Workday SaaS product. [22]

See also

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References

  1. ↑ "Kainos Software Limited Profile". DueDil Limited. Retrieved 15 November 2013.
  2. ↑ "Russell Sloan". Bloomberg. Retrieved 21 September 2023.
  3. ↑ "Thomas James Wardlaw Burnet "Tom"". Bloomberg. Retrieved 15 January 2021.
  4. 1 2 3 "Results for year ended 31 March 2023" (PDF). Kainos. Retrieved 13 February 2024.
  5. 1 2 "Belfast IT firm Kainos to float on London Stock Exchange". BBC News. 7 July 2015. Retrieved 12 July 2015.
  6. 1 2 "Top IT firm Kainos to go public with £161m deal". The Belfast Telegraph. 8 July 2015. Retrieved 12 July 2015.
  7. ↑ "Strong's Greek: 2537. καινός (kainos) – new, fresh". Bible Hub. Retrieved 24 January 2014.
  8. ↑ "Case Study – Kainos, History of QUBIS Ltd spin out company Kainos Software Ltd". QUBIS Ltd. Retrieved 15 November 2013.
  9. ↑ "Biggest ever Japanese Investment in Northern Ireland announced by Fujitsu". Fujitsu Limited. 3 February 2000. Retrieved 15 November 2013.
  10. ↑ "Using Queen's to grow Kainos". Belfast Newsletter. 19 May 2008. Retrieved 22 February 2014.
  11. ↑ "Kainos IT firm eyes up Europe and the US". The Belfast Telegraph. 11 July 2013. Retrieved 16 November 2013.
  12. ↑ "Case Study – Kainos Software Limited" (PDF). Vision Solutions. Retrieved 15 November 2013.
  13. 1 2 "Award wins, spin-off companies and global success for Kainos". The Belfast Telegraph. 8 December 2009. Retrieved 15 November 2013.
  14. ↑ "ACT Venture Capital Portfolio – Kainos". ACT Venture Capital Limited. Retrieved 16 November 2013.
  15. ↑ "Mediasurface announces new partner signing with Kainos". Cimtech Limited. September 2004. Retrieved 16 November 2013.
  16. ↑ "Paul McQuaid, Kainos". Silicon Republic. Retrieved 16 November 2013.
  17. ↑ "Speechstorm Ltd Portfolio". Crescent Capital NI Ltd. Retrieved 16 November 2013.
  18. ↑ "Kainos spins off speech business". Post Publications Ltd. 11 June 2007. Retrieved 16 November 2013.
  19. ↑ "Silicon Valley 50 Complete Magazine – Spring/Summer 2011" (PDF). Irish Technology Leadership Group. Retrieved 15 November 2013.
  20. ↑ "Healthcare professional to spearhead Kainos campaign expansion". NI Business Now. 19 November 2014. Retrieved 24 June 2015.
  21. ↑ "Kainos to create 133 jobs in first expansion into US Midwest". The Irish News. 30 June 2020. Retrieved 30 June 2020.
  22. ↑ "Workday Services partners – Kainos". Workday, Inc. Retrieved 26 July 2014.
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