Kainos Software, has announced that venture capital company, ACT Venture Capital has purchased 31 per cent of the company from ICL for an undisclosed figure.

ICL was the company's majority shareholder but following the ACT deal, the major shareholder is Qubis, the Queens University holding company, with 49 per cent. ICL retains a 20 per cent holding.

Kainos specialises in providing the international market with custom-built customer relationship management and ecommerce systems. The company has more than 200 employees at its Belfast headquarters and has offices in Dublin and London.