Kainos Group Share News (KNOS)

(Sharecast News) - Kainos, a provider of digital services and platforms, has bought Colorado-based IntuitiveTEK, an advisor in the areas of financial consolidation, budgeting, planning, forecasting, reporting and accounting solutions, for an undisclosed sum.
Founded in 2010 and headquartered in Denver, IntuitiveTEK has a workforce of 38 and has completed more than 500 Adaptive Insights projects.

Adaptive Insights, a Workday company, powers a new generation of business planning, Kainos said. Workday helps businesses better plan, execute and analyse across the enterprise in one system.

Kainos said the deal makes it one of the largest Adaptive Insights practices globally. The addition of IntuitiveTEK will also enable it to accelerate the growth of its North America practice.

Chief executive officer Brendan Mooney said: "I am delighted to welcome the IntuitiveTEK team to Kainos, and into our ever-expanding Workday practice. The team's expertise, excellent reputation, and passion for building strong customer relationships aligns with our business, and we look forward to having them on board.

"As a leading Workday partner, we see this acquisition as an important step to deepen our expertise in Adaptive Insights Business Planning Cloud in the United States, where we continue to see growing demand from clients in modernising their planning and financial management processes."