Kainos acquires Planalyse

Belfast, UK - Kainos Group plc (KNOS), a leading digital technology company and Workday (NASDAQ: WDAY) services partner, today announced it has completed the acquisition of Planalyse BV (“Planalyse”), a private, Netherlands-based company.

Planalyse has been a Workday Adaptive Planning partner for over four years and provides its services to customers in Benelux, Spain and Portugal. The company supports Workday Adaptive Planning deployments and building forecasting models as well as improving forecasting models already in operation.

The company’s team of six consultants will join Kainos’ European Workday Adaptive Planning team. Andre Remmelzwaan, Founder and CEO of Planalyse, will continue as a consultant with Kainos to provide ongoing customer advice and assist in the integration of the teams.

The acquisition is Kainos' fourth in the Workday Adaptive Planning ecosystem after the acquisition of Formulate, Implexa and IntuitiveTEK and further strengthens Kainos’ Workday Adaptive Planning delivery capabilities across Europe.

The terms of the acquisition have not been disclosed.

Brendan Mooney, CEO, Kainos, commented:

“I’m delighted to welcome the Planalyse team to Kainos. For over 16 years, Planalyse have been a leader in the deployment of financial planning and analysis solutions.  In combining our two experienced teams, we are extending our ability to support our European customers with their Workday Adaptive Planning requirements.”

Andre Remmelzwaan, CEO and Founder, Planalyse, added:

“I am incredibly proud of everything that Planalyse has achieved over the last 16 years and truly delighted for our talented team as they embark on an exciting new chapter with Kainos. I wish my former colleagues and Kainos every success in the next stage of their journey”.