Monday September 21, 2020

Kainos management buys out Fujitsu following profitable year

Management at Belfast-based software firm Kainos have bought out investor Fujitsu, following a year in which the company grew its revenues by 13 per cent and boosted profits more than twelve-fold.

8th March, 2008

Management at Belfast-based software firm Kainos have bought out investor Fujitsu, following a year in which the company grew its revenues by 13 per cent and boosted profits more than twelve-fold.

The firm, which is backed by ACT venture capital, saw turnover rise from stg£11 million to stg£12.5 million, during the year ending March 31, 2007. Net profits during the same period rose from stg£41,000 to stg£504,000.

The accounts also revealed that Japanese computer...

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