Belfast’s Kainos snaps up Los Angeles tech company Blackline

4 months ago 290

Kainos, a Belfast-based global software and IT company, has acquired private US tech company Blackline to strengthen its capabilities in the Workday ecosystem.

Blackline is an enterprise software company that develops cloud-based services to automate the financial close process. Headquartered in Los Angeles, it was founded in 2001 and has 11 offices worldwide.

The company is an advisory partner for Workday Strategic Sourcing, which streamlines the source-to-contract process. Blackline has helped major global organisations transform more than $100bn in total spend and has more than 50 consultants in the US – with eyes on expanding in Europe.

Kainos primarily provides IT services to businesses and organisations primarily in the public, healthcare and financial services sectors. Apart from its Belfast headquarters, it has offices in Europe, Canada and the US.

The 50 management and procurement consultants now working for Kainos following the acquisition will help the company expand in North America and Europe with its Workday capabilities, client base and expertise.

The acquisition will also allow Kainos to improve its Workday strategic sourcing advisory services to its customers in addition to its expertise in Workday financial management, human capital and adaptive planning.

Brendan Mooney, chief executive of Kainos, said that the Blackline’s procurement expertise paired with Kainos’ experience with Workday will allow them to expand support for existing customers “not just in North America, but across our global operations”.

“We are always striving to achieve the best business outcomes for our customers and extending our capability to include procurement helps us to achieve this goal. We are also excited by the new opportunities that combining the experience and expertise of the Kainos and Blackline teams will create for our business,” he added.

The acquisition is Kainos’ sixth in the Workday partner ecosystem and the third in the Americas, after the acquisition of IntuitiveTEK and Buenos Aires-based UNE Consulting last year. In June last year, Kainos also acquired the Workday operations of Finnish company Cloudator.

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