Award wins, spin-off companies and global success for Kainos
Another success story from the QUBIS fold is IT consulting company Kainos.
The firm designs and implements IT solutions that help businesses to perform better, such as enterprise content and management technology that increases efficiency |and employee productivity.
It was formed in 1986 as a joint venture between the university’s business incubation unit and Japanese-owned technology company Fujitsu.
After several years of business, in which Fujitsu was its main customer, the company sold most of its stake to ACT Venture capital in 2000.
Management in Kainos bought out Fujitsu’s remaining 20% stake in 2007.
The company now has annual turnover of more than £15m and has secured a steady flow of deals through 2009 from clients in a range of sectors, including local government, healthcare, policing and financial services.
It has over 260 consultants, in four locations — Belfast, Dublin, London and Gdansk in Poland — and has grown to become one of Northern Ireland’s largest indigenous high-tech companies.
In 2001 Kainos was successful enough to spin-off one of its own divisions into a new company called Meridio, and in 2007 also spun off its speech recognition business Speechstorm.
Earlier this year the firm was named as one of Ireland’s best managed companies in an annual competition run by Deloitte.