Belfast and London, UK – 2 July 2018 – Kainos has today announced an £8million investment in a new research and development project to help build its reputation in global software solutions.
L-R Tracy Meharg, Executive Director of Business Solutions, Invest NI with Brendan Mooney, CEO, Kainos
The investment will support the continued research and development of the company’s automated testing platform, Kainos Smart™, designed exclusively for use with US based software vendor, Workday’s cloud-based HR and financial management software.
Kainos is a leading provider of Digital Services and Digital Platforms. Making the announcement, Brendan Mooney, CEO of Kainos said: “Our clients are using Kainos Smart™ to significantly reduce the amount of time and effort required to test their Workday configurations, while simultaneously increasing test coverage, reducing risk and freeing up key staff to work on higher value activities. Some clients have reduced their hands-on testing effort by over 80 per cent. This means they can realise the business benefits of deploying Workday much faster and take greater advantage of Workday’s continuous innovation.”
This major investment strengthens Kainos Smart’s™ position as the market-leading automated testing solution for Workday and allows Kainos to accelerate the level of investment in further developing Smart™. Invest Northern Ireland has offered Kainos £2.4million of R&D support.
“With the support of Invest NI, we will continue to push the boundaries of what Kainos Smart™ can do, and we are already exploring how cutting-edge artificial intelligence and machine learning technologies can help businesses gain faster and clearer insight into their ever-increasing Security, HR, Payroll and Financial datasets contained in Workday,” continued Brendan.
Tracy Meharg, Invest NI’s Executive Director of Business Solutions: “Kainos is an ambitious company which is using research and development to drive the future growth of its business.
“With its second major investment in R&D in the past year, the company is pursuing emerging opportunities in the artificial intelligence and machine learning areas. Our support is enabling Kainos to bring its Smart™ technology to a new level by introducing advanced technologies which will help it ensure a strong future for its business.
“One of the reasons for Kainos’ rapid growth over the past ten years is its intense focus on R&D and the expansion of its product portfolio. Diversification is key to growing globally, and engaging in R&D activity is helping Kainos deliver intelligent solutions that will have a positive impact on its business’ needs and the needs of its customers.”
Invest NI’s R&D support is part funded by the European Regional Development Fund under the Investment for Growth & Jobs Northern Ireland (2014-2020) Programme.