Fast-growing digital services firm Kainos snaps up Formulate

Provider of digital services and platforms, Kainos, which has an office in Birmingham, has bought Formulate, based in Worcestershire.

Formulate is a UK and European partner to Adaptive Insights selling its Workday suite of enterprise solutions, including a financial and business planning software called Adaptive Insights. Established in 2016 and headquartered in Worcestershire, the company supports customers in implementing Adaptive Insight’s software; building and refining forecasting solutions.

Formulate’s team of 16 combines both software and consulting capabilities, and provides its services to more than 100 customers across the UK and Europe.

Brendan Mooney, CEO, Kainos, said: “We continue to see growing demand from organisations across the UK and Europe in modernising employee experience and financial management systems. By partnering with Workday, and as it continues to expand its products, we’ll be able to enhance our value to customers.”

In July, Kainos said it planned to appoint a further 100 employees in Birmingham within the next financial year.

In the past year, Kainos has hired 479 people globally, including 80 in Birmingham, where it has as its base in Alpha Tower.