Kainos in Belfast is a software and consultancy business which earlier this year revealed plans to create 60 software engineering jobs in Londonderry as part of a £10million investment.
Seeing opportunities for growth, Kainos approached Invest Northern Ireland in March for support with its expansion in the North West and investments in research and development and training.
Following the review of the plans, Invest Northern Ireland offered Kainos £2.6 million of assistance, part funded by the European Regional Development Fund. This follows an expansion of its Belfast premises in October 2011 which created 82 jobs.
“We specialise in bringing disparate technology systems together and delivering valuable content to organisations wherever it is needed – via secure portal, mobile, or cloud platforms,” said Brendan Mooney, CEO at Kainos.
“In the last year we have seen significant market traction and take up of our of our healthcare solution, Evolve, and that coupled with a sustained increase in our core services and developing some key strategic partnerships, has opened up substantial opportunities for us across Europe and in North America. This investment, supported by Invest NI, will ensure that we can take advantage of these and other opportunities as they present themselves.”
Enterprise Minister Arlene Foster announced the company’s investment in May and commented: “This is an ambitious investment by Kainos which aims to double its revenue over the next few years and further extend its market reach into mainland Europe and the USA. The company has built its success on innovation and its latest R&D investment and new training programme will further develop the firm’s solutions and services to ensure it maintains its lead in the area of electronic medical records management in the health sector. ICT is a key sector for Northern Ireland as it is helping to push economic activity up the value chain.”
Kainos has maintained very close links with Queen’s University Belfast since its inception and continues to offer highly paid employment for local graduates. Its investment in training will help to increase capability across its entire staff in Northern Ireland.
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