Kainos Group PLC

M&A Activity • Feb 21, 2022

National Storage Mechanism | Additional information

RNS Number : 1807C

Kainos Group plc

21 February 2022

21 February 2022

Kainos Group plc

("Kainos" or the "Company")

Planalyse acquisition strengthens Kainos' Workday Adaptive Planning offering

Kainos Group plc (KNOS), a leading digital technology company and Workday (NASDAQ: WDAY) services partner, today announces 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.

Planalyse's team of six consultants will join Kainos' European Workday Adaptive Planning team.

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."

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About Kainos

Kainos Group plc is a UK-headquartered provider, operating in two specialist divisions, Digital Services and its Workday Practice.

Our Digital Services division develops and supports custom digital service platforms for public sector, commercial and healthcare customers. Our solutions transform the delivery of these services, ensuring they are secure, accessible and cost effective, and that they provide better outcomes for users.

Kainos has more than 2,500 people across Europe, North America, and South America. Kainos is listed on the London Stock Exchange (LSE: KNOS).

For further information, please visit www.kainos.com. 

For further information, please contact:

Kainos via FTI Consulting LLP

Brendan Mooney, Chief Executive Officer

Richard McCann, Chief Financial Officer

Investec Bank plc   +44 20 7597 5970

Patrick Robb / Ben Griffiths

Canaccord Genuity   +44 20 7523 4606

Simon Bridges / Andrew Potts

FTI Consulting LLP   +44 20 3727 1000

Matt Dixon / Dwight Burden / Kwaku Aning

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