TIDMKNOS
RNS Number : 3092A
Kainos Group plc
01 June 2021
1 June 2021
Kainos Group plc
("Kainos" or the "Company")
Kainos expands its European Workday operations
Kainos Group plc (KNOS), a leading digital technology company
and Workday (NASDAQ:WDAY) Services Partner, operating in two
specialist divisions, Digital Services and its Workday Practice,
today announces the acquisition of Cloudator Oy's ("Cloudator")
Workday division.
Founded in 2011 in Helsinki, Finland, Cloudator offers services
for the full suite of Workday enterprise cloud applications,
including Workday Financial Management, Workday Human Capital
Management and Workday Adaptive Planning. It has been a Workday
Services Partner since 2012, and in this time has participated in
more than 100 Workday projects, across more than 20 industries,
with companies across Europe currently depending on Workday
products deployed and supported by Cloudator.
Cloudator is one of the most experienced Workday Services
Partners in the Nordics with projects spanning the globe. It will
retain its Payroll product, which works with Workday Human Capital
Management. Cloudator's CEO, Jarko Uzal, will continue to lead this
part of the business.
Cloudator has offices in Finland, Sweden, Belgium, Estonia and
the Netherlands, with employees based across 11 countries.
The acquisition of Cloudator's Workday segment will further
increase Kainos' Workday presence in Europe, adding 55 specialist
Workday employees across the continent.
The terms of the acquisition have not been disclosed.
Brendan Mooney, CEO, Kainos, commented:
"We are delighted to welcome Cloudator's Workday team to Kainos
as we continue to expand our Workday Practice. The team's
expertise, experience and strong track record of customer delivery
aligns with our business, and we are thrilled to have them on
board.
"We are proud to be a European partner-of-choice for
forward-thinking companies looking to deploy Workday's enterprise
management cloud. This acquisition confirms Kainos as one of the
largest Workday partners in the Nordics region, underpinning our
ability to support the accelerating customer base here in
Europe."
Carolyn Horne, President of EMEA, Workday, commented:
"Workday's growth trajectory in the EMEA region continues at
pace. Our partners are a critical part of our combined success,
based on our obsession with giving customers the very best
expertise in the market and delivering projects on time and on
budget. Kainos' acquisition of Cloudator is great news for our
customers and we look forward to continuing our relationship with
Kainos as it expands into the Nordic region, to drive this
continued success in EMEA."
Ends
For further information, please contact:
Kainos via FTI Consulting LLP
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer
Investec Bank plc +44 20 7597 5970
Patrick Robb / Ben Griffiths
Canaccord Genuity +44 20 7523 4606
Simon Bridges / Emma Gabriel
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / Dwight Burden / Kwaku Aning
About Kainos
At Kainos we use technology to solve real problems for our
customers, overcome big challenges for businesses, and make
people's lives easier.
We build strong relationships with our customers and go beyond
to change the way they work today and the impact they have
tomorrow.
Our two specialist business areas, Digital Services and the
Workday Practice, work globally for clients across healthcare,
commercial and the public sector to make the world a little bit
better, day by day.
Kainos has over 2,000 people across Europe and North America.
Kainos is listed on the London Stock Exchange (LSE: KNOS). For
further information, please visit www.kainos.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQFZGFKMMFGMZZ
(END) Dow Jones Newswires
June 01, 2021 02:00 ET (06:00 GMT)
Kainos (LSE:KNOS)
Historical Stock Chart
From Apr 2024 to May 2024
Kainos (LSE:KNOS)
Historical Stock Chart
From May 2023 to May 2024