Kinaxis

Kinaxis Inc.
Public
Traded as
Industry IT services
Founded 1984 (1984)
Founders Duncan Klett and 2 others
Headquarters 700 Silver Seven Rd Kanata, Ottawa, Ontario, Canada
Area served
 Worldwide
Key people
  • John Sicard (President and CEO)
  • Paul Carreiro (Chief Revenue Officer)
  • Richard Monkman (Chief Financial Officer)
Services

Supply Chain Management

Sales and Operation Planning
Revenue CAD$156million
Number of employees
 500
Website www.kinaxis.com

Kinaxis is a supply chain management and sales and operation planning software company based in Ottawa, Canada. It is listed on the Toronto Stock Exchange and is a S&P/TSX Composite Component.

The company was founded in 1984 by Duncan Klett and two others as Cadence Computer Corporation[1] and went public in June 2014.[2] It has 500 employees.[3]

Business

Kinaxis provides supply chain management software on a subscription basis, primarily to large, multinational companies. Customers include Ford, Cisco, Qualcomm, and Avaya.[4] They also provide related professional services to their customers. Contracts typically run for two to five years.[3] Their main product is called RapidResponse.[5] As of 2017, approximately 77% of revenue came from subscriptions, with the remainder from professional services.[6] Kinaxis also allows other companies, including Deloitte and Bain & Company, to install Kinaxis software for a percentage of the subscription revenues.[3] Kinaxis runs two data centers in South Korea, and has approximately 100 customers.[7] As of 2016, 85% of revenue was from US customers, 4% from Canadian customers, 8% from Asian customers, and the rest from European customers.[6] Competitors in the supply chain management software industry include SAP SE and JDA Software.[8] In 2017, a significant customer in Asia stopped paying, leading to a 3% reduction in revenue for the company.[3]

History

Kinaxis was founded in 1984 as Cadence Computer Corporation, to do supply-chain analysis of using custom mainframe computers, by three former Mitel engineers.[7] The name was later changed to Carp Systems International (after the nearby Carp River), then Enterprise Planning Systems.[3] In the mid 1990s, it changed its name to Webplan, and shifted from making hardware to providing software. In 2000, it led a venture round that raised $33 million.[7] In 2005, it renamed itself Kinaxis, and started focusing on selling software by subscription, as opposed to collecting a one-time fee.[7] In June 2014, it held an IPO on the Toronto Stock Exchange, raising a total of $100 million.[9] Since then, its market capitalization has increased to $1.7 billion, as of August 2017.[3]

References

  1. ↑ Klett, Duncan. "A short history of Kinaxis. | The 21st Century Supply Chain". blog.kinaxis.com. Retrieved 2017-11-30.
  2. ↑ "Supply Chain Management and S&OP Solution Company - Kinaxis RapidResponse". www.kinaxis.com. Retrieved 2017-11-30.
  3. 1 2 3 4 5 6 Bagnall, James (August 13, 2017). "Kanata's Kinaxis takes a rare hit, but still 'punching giants in the nose'". The Ottawa Citizen.
  4. ↑ "Kinaxis Customers Achieve Operations Performance Breakhroughs with RapidResponse". www.kinaxis.com. Retrieved 2017-11-30.
  5. ↑ "How Kinaxis harnesses the cloud to tame global supply chains". Canadian Business. February 29, 2016.
  6. 1 2 "Kinaxis 2016 Annual Report". Kinaxis Inc.
  7. 1 2 3 4 Silcoff, Sean. "Ottawa software firm Kinaxis is finally ready for its big moment". The Globe and Mail.
  8. ↑ Paradza, Brian (November 8, 2017). "Kinaxis Inc. Shares Rise +14% in 2 Days". The Motley Fool.
  9. ↑ "Kinaxis eyes acquisitions in wake of IPO". Ottawa Business Journal. June 12, 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.