Kainos Group plc Acquisition (3092A)

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         [phone] 

Patrick Robb / Ben Griffiths

   Canaccord Genuity     [phone] 

Simon Bridges / Emma Gabriel

   FTI Consulting LLP          [phone] 

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.

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June 01, 2021 02:00 ET (06:00 GMT)