Kin + Carta

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Kin and Carta plc
Kin + Carta
FormerlySt Ives
Company typePublic
LSE: KCT
IndustryDigital transformation consultancy
Founded1964; 62 years ago (1964) in St Ives, Cambridgeshire, UK[1]
FounderRobert Gavron[1]
Headquarters
London
,
United Kingdom
Key people
Kelly Manthey, CEO[2]
Chris Kutsor, CFO
RevenueDecrease £195.9 million (2023)[3]
Decrease £18.5 million (2023)[3]
Decrease £(18.8) million (2023)[3]
Parent
  • Valtech (2024–present)
Subsidiaries
  • Spire Digital
  • Melon
  • Frakton
  • Loop Integration
  • Forecast
  • Cascade Data Labs
Websitekinandcarta.com

Kin + Carta is an international digital transformation consultancy company with headquarters in London, UK. Originally founded in 1964 as printer St Ives, it grew to be the UK's leading print company by the 1980s.[4] It shifted focus away from the struggling print industry during the 2010s and rebranded as Kin + Carta in 2018.

History

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Printing company St Ives was founded in 1964 by Robert Gavron. Then a lawyer, he borrowed £5,000 (equivalent to £114,000 or US$142,000 in 2023)[5] to purchase a failing publishing company and renamed it after the town where it was located, St Ives, Cambridgeshire. The company grew over the next 30 years to become the foremost U.K. commercial printer, acquiring Clays and other rivals along the way.[6][7] It was first listed on the LSE in 1985 and reached a market value of £400 million (US$550 million) in 1993.[8]

St Ives expanded into the U.S. with the acquisition of commercial printer A.D. Weiss in 1989, and then later into European markets with German direct mail firm Johler Druck. In 1993 Gavron retired as company chairman, though he still held considerable interest, and was replaced by Miles Emley.[6]

In the 21st century St Ives began a serious decline along with the rest of the printing industry due to the rise of digital media, reporting its first loss in 2009.[9][10] It then undertook a large series of acquisitions in the digital technology space, attempting to diversify away from print. The first purchase was digital marketing and data company Occam in 2010. The 80-staff firm was acquired for about £12 million.[11]

St Ives acquired Chicago-based software consultancy Solstice Mobile for £23 million.[12] Solstice had been founded in 2001 by John "J" Schwan and named to University of Illinois at Chicago’s Chicago Area Entrepreneurship Hall of Fame in 2013.[13] Schwan became St Ives' first chief digital officer at the time of the merger and in 2018 took over the CEO position from Matt Armitage.[14][15] Also in that year the firm sold all its remaining print operations and rebranded as Kin + Carta, said to represent "connection and collaboration".[16][17]

In 2021 it became the first company traded on the London Stock Exchange to be certified as a B Corporation.[18] In October 2023, Kelvin UK Bidco, a newly-formed UK company, owned by the private equity firm Apax Partners, offered to acquire Kin + Carta for £203 million.[19][20]

In April 2024, Kin + Carta was acquired by Valtech.[21][22]

Acquisition history
Year Company Industry Price (£) Price after inflation Ref
1983 Severn Valley Press [23]
1986 Clays Limited Book printing [4]
1987 Burrups Limited Financial printing [23]
1989 A.D. Weiss Printing Commercial printing [23]
1995 Johler Druck Direct mail [23]
1996 Perlmuter Printing Direct mail [24]
1998 Hunters Armley Direct mail 33m 73m [25]
2000 Packard Press Financial printing [23]
2000 Global Financial Financial printing [26]
2001 Avanti/Case-Hoyt Commercial printing 29m 61m [24]
2004 SP Group Point-of-sale printing 37m 72m [27]
2010 Occam Digital marketing and data 12m 19m [28]
2011 Response One Data marketing 19m 29m [29][30]
2011 Pragma Consulting 6m 9m [31]
2012 Incite Research consulting 17m 25m [32]
2013 Amaze Digital marketing 25m 36m [33]
2013 Branded3 Search and digital 25m 36m [34]
2014 Realise Digital marketing 40m 57m [35]
2015 Solstice Mobile Consulting 23m 32m [36]
2016 The App Business Mobile 50m 69m [37]
2019 Spire Digital Software development 12m 14m [38]
2020 Cascade Data Labs Data science 22m 27m [39]
2021 Octain Artificial intelligence [40]
2022 Loop Integration E-commerce [41]
2022 Melon Digital transformation 24m [42]
2023 Forecast Data Data services 3m [43]

Culture

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Kin + Carta describes its purpose as "to make the world work better for everyone", and to this end has adopted a triple bottom line strategy. In 2021 it became the first company traded on the London Stock Exchange to be certified as a B Corporation,[18] and in 2022 became one of the 50 companies participating in the environmentalism initiative Vision 2045.[44] Kin + Carta also became a member of the MACH Alliance in 2022, advocating for accessibility, inclusivity, and sustainability in the digital space.[45]

References

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