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Kainos

From Wikipedia - Reading time: 9 min

Kainos Group plc
Company typePublic limited company
IndustryComputer software
IT services
IT consulting
FoundedBelfast, 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]
RevenueIncrease £374.8 million (2023)[4]
Increase £52.9 million (2023)[4]
Increase £41.6 million (2023)[4]
Websitewww.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.  

Name

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

History

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1986 to 2009

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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.

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

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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

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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

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  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. ^ a b c "Results for year ended 31 March 2023" (PDF). Kainos. Retrieved 13 February 2024.
  5. ^ a b "Belfast IT firm Kainos to float on London Stock Exchange". BBC News. 7 July 2015. Retrieved 12 July 2015.
  6. ^ a b "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. ^ a b "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.
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Kainos
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