6/10/08.  Kineo, the leading rapid e-learning company, is pleased to announce that it more than doubled its revenues to deliver an outstanding financial performance in the year ending 30 September 2008.

Kineo’s sales grew by more than 120% on its previous financial year, with Kineo adding new clients including HSBC, HBOS, Motorola, O2, Ministry of Justice and Boots. Kineo’s very high levels of repeat business with long-standing partners including BP, Cable&Wireless, VirgnMedia and Marks & Spencer, combined with growth in new clients and sectors fuelled this strong financial performance.

To serve the surge in demand for its services, Kineo opened a new office in Sheffield early in 2008. The Sheffield Office provides services to Kineo clients including Ufi/learndirect and Boots, and has quickly established strong connections with local business and universities. And to address the demand for Kineo services related to Moodle and other open source tools, Kineo launched a new company, Kineo Open Source, in the summer of 2008, to focus on providing open source services to its clients.

Kineo’s strengths as a company and the quality of its rapid e-learning solutions has led to it recently been shortlisted as E-Learning Company of the Year 2008, and for Rapid Solution of the Year 2008 for the E-learning Age Awards.

Kineo Partner Steve Rayson said: “The last three years have seen high levels of sustainable growth and profitability for Kineo. Fundamentally, this is a people business and we have recruited what I believe is simply the best and most creative team in the market. We continually look at new ways to improve services to our clients and to help them deliver faster and more cost-effectively. We’re proud of the very high levels of repeat business, which is a testament to the quality of work our people deliver at speed for our clients. This is a great time to be in e-learning, with its benefits coming more into focus now than ever, and I am really looking forward to the next three years and the opportunities ahead.”