Managed service provider and Workday specialist Kainos has acquired RapidIT-Cloudbera in the US.
Established in 2017, RapidIT-Cloudbera is the creator of Genie, a Workday-focused automated testing product that has the ability to rapidly auto-generate test cases, allowing customers to quickly launch their automated testing efforts. Genie is used by over 100 organisations to streamline their testing.
Kainos will combine Genie with its own automated testing product, Smart Test, which will provide customers the ability to achieve greater compliance and quality assurance, “more quickly, with less internal effort and with increased testing coverage”, Kainos said.
Integration of the products is due to complete during Kainos' current financial year.
In its most recent results, Kainos re-confirmed its ambition for the Smart products suite, which includes Smart Test. Reporting annual recurring revenue (ARR) of £49m at 31 March 2023, the Smart products suite is forecast to achieve £100m ARR by 2026.
RapidIT-Cloudbera is headquartered in Atlanta, US, and has operations in the US and India employing 101 people. The team at RapidIT-Cloudbera will join the Kainos Workday products division.
The value of the acquisition has not been disclosed. Brendan Mooney, CEO of Kainos, said: “The skills, expertise and creativity of our expanded team will allow us to accelerate our product development, increasing the functionality of our existing products and allowing us to quickly bring new products to market, it is a winning combination."
Gopo Velagundula, CEO of RapidIT-Cloudbera, added: “The automated testing market for Workday is growing rapidly, and by combining our two products we are creating the undisputed global leader for automated testing. The combination also represents fantastic news for our customers, increasing the scale and value of what we can do to support their compliance efforts.”
