Keystone Solutions cutting New Zealand staff

Legal practice software company Keystone Solutions Group is shedding up to 10 staff here as it "right sizes" after successfully raising £11 million ($37 million).

International marketing director Kaye Sycamore said the company, which is listed on the London Stock Exchange but has its roots and half its staff in Auckland, is in the process of consolidating BISPoint, the United States company it bought last year for £5 million.

BISPoint had two products, a business intelligence tool called Net Results and Javelin, a legal practice software product running on the Microsoft SQL Server database which has 200 US customers.

"As a result of that acquisition we had three development teams - the Oracle team in New Zealand developing Keystone Professional, a team in San Rafael developing Net Results and a team in Buffalo, New York developing the Javelin legacy product," Ms Sycamore said.

Customers were told at the time of the acquisition Javelin would no longer be supported and they could upgrade to Keystone Professional, once it was modified for US market conditions.

This upgrade is due to be completed in the third quarter of this year.

* More details in tomorrow's Herald