Kainos

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.  

Kainos Group plc
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 £302.6 million (2022)[4]
Decrease £46.0 million (2022)[4]
Decrease £35.8 million (2022)[4]
Websitewww.kainos.com

Name

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

History

1986 to 2009
Kainos's headquarters in Belfast, Northern Ireland.

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

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

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. "Results for year ended 31 March 2022" (PDF). Kainos. Retrieved 16 February 2023.
  5. "Belfast IT firm Kainos to float on London Stock Exchange". BBC News. 7 July 2015. Retrieved 12 July 2015.
  6. "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. "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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