Kainos buys RapidIT-Cloudbera for undisclosed sum
Kainos Group
784.00p
08:54 19/12/24
UK IT group Kainos said it had bought US-based RapidIT-Cloudbera for an undisclosed sum.
FTSE 250
20,394.53
08:55 19/12/24
FTSE 350
4,477.95
08:55 19/12/24
FTSE All-Share
4,435.01
08:55 19/12/24
Software & Computer Services
2,650.07
08:54 19/12/24
Established in 2017, RapidIT-Cloudbera is the creator of Genie, a workday-focused automated testing product.
Kainos will combine Genie with its own automated testing product, Smart Test, which helps customers achieve greater compliance and quality assurance. Integration of the products is due to complete during Kainos' current financial year.
RapidIT-Cloudbera is headquartered in Atlanta and has operations in the US and India employing 101 people. The team at RapidIT-Cloudbera will join the Kainos Workday Products division, the company said.
Reporting by Frank Prenesti for Sharecast.com