Belfast-based IT company Kainos has bought a US firm for an undisclosed sum.
The indigenous NI business acquired Colorado-headquartered IntuitiveTEK, which has about 40 employees and specialises in financial consulting through technology.
BBC News reported that the deal is aimed at improving Kainos' position in the provision of Adaptive Insights, a business planning software product.
The deal is an “important step” for the expansion of Kainos’ business in the US, said its chief executive Brendan Mooney.
RELATED: Kainos becomes the first NI company promoted to the FTSE 250
Kainos employs 1,550 people across 12 offices in Europe and North America. It is one of Northern Ireland's largest companies and reached a stock market valuation of more than £1bn in January of this year.
It took over two other businesses in November; Worcestershire-based Formulate and a branch of the German company Implexa.
In November it also announced its profts were up by a third.
Turnover was up 29% to £87m and adjusted pre-tax profit rose by 27% to £13m.
The company said it was showing good progress in growing its non-UK business, with international turnover up 86% to £18m.
It is due to begin work shortly on its new headquarters building in Belfast city centre, on the site of Dublin Road’s Movie House Cinema building. The cinema will officially close on Sunday 26 April.
