Kainos

£3.3 Million Booster for Kainos

Kainos

Press Release: £3.3 Million Booster for Kainos
Publication Date: 01/07/2005
Location:Belfast

Chief Executive Brendan Mooney said that the investment over the next 12 months will create over 45 new jobs.

He said that the company had signed over 11 major deals in the financial year to March, worth £5.5 million in total.

He added: "By developing our core business areas and placing a greater emphasis on identifying and quickly responding to new business opportunities, we have delivered a good set of results"

The company returned to profitability with a "modest" pre-tax profit.

Much of the company's success in the last year has been due to its EDRM and Speechstorm business units.

The speech technology enabled the company to break into the customer services market previously dominated by touch tone phones.

Mr Mooney revealed that Kainos had now completed the transformation from being a specialist subcontractor to Fujitsu Services to becoming a direct service business with a variety of blue chiop customers in the financial services and telecom sectors.