October 7
Lagan Technologies acquired by US firm
The Irish Times says that Northern Ireland software firm Lagan Technologies has been acquired by a California-based group, Kana Software, in a deal estimated to be worth more than STG29 million. Kana Software, which is owned by Accel-KKR, a technology-focused private equity firm, said a “definitive agreement” has been signed between the two companies. Belfast is set to become Kana’s European headquarters as a result of the take over, a move that has the potential to create up to 100 new jobs at Lagan’s headquarters in the city.