Company:Kinaxis
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| Type | Public |
|---|---|
| Industry | IT services |
| Founded | 1984 |
| Founders | Duncan Klett[1][2] and 2 others |
| Headquarters | 3199 Palladium Drive Ottawa, Ontario K2T 0N9 |
Area served | Worldwide |
Key people |
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| Services | Supply Chain Management Sales and Operation Planning |
Number of employees | 1000 Worldwide (~500 in Canada) |
| Website | www |
Kinaxis is a supply chain management and sales and operation planning software company based in the Kanata district of Ottawa, Ontario, 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[3] and two others as Cadence Computer Corporation[4] and went public in June 2014.[5] It has 500 employees.[6]
Business
Kinaxis provides supply-chain-management software on a subscription basis, primarily to large, multinational companies. Customers include Ford, Cisco, Qualcomm, and Avaya.[7] They also provide related professional services to their customers. Contracts typically run for two to five years.[6] Their main product is called RapidResponse.[8] As of 2017, approximately 77% of revenue came from subscriptions, with the remainder from professional services.[9] Kinaxis also allows other companies, including Deloitte and Bain & Company, to install Kinaxis software for a percentage of the subscription revenues.[6] Kinaxis runs two data centers in South Korea . It has approximately 100 customers and about 5% of an estimated $4 billion market for software related to supply chain planning.[10][11] As of 2016, 85% of revenue was from US customers, 4% from Canadian customers, 8% from Asian customers, and the rest from European customers.[9] Competitors in the supply chain management software industry include SAP SE and JDA Software.[12] In 2017, a significant customer in Asia stopped paying, leading to a 3% reduction in revenue for the company.[6]
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.[11] The name was later changed to Carp Systems International (after the nearby Carp River), then Enterprise Planning Systems.[6] In the mid 1990s, it changed its name to Webplan, and shifted from making hardware to providing software.[citation needed]
Recent history
In 2000, it led a venture round that raised $33 million.[11] In 2005, it renamed itself Kinaxis, and started focusing on selling software by subscription, as opposed to collecting a one-time fee.[11] In June 2014, it held an IPO on the Toronto Stock Exchange, raising a total of $100 million.[13] Since then, its market capitalization has increased to $1.7 billion, as of August 2017.[6] In 2022 they acquired MPO. MPO is Multi party Orchestration platform connecting Supply Chain actors.
References
- ↑ "Kinaxis Inc." (in en). https://www.marketwatch.com/investing/stock/kxs?countrycode=ca.
- ↑ "KXSCF - Kinaxis Inc Company Profile - CNNMoney.com". https://money.cnn.com/quote/profile/profile.html?symb=KXSCF.
- ↑ "KXSCF - Kinaxis Inc Company Profile - CNNMoney.com". https://money.cnn.com/quote/profile/profile.html?symb=KXSCF.
- ↑ Klett, Duncan (21 January 2011). "A short history of Kinaxis. | The Signal: A blog by Kinaxis" (in en-US). https://blog.kinaxis.com/2011/01/a-short-history-of-kinaxis/.
- ↑ "Supply Chain Management and S&OP Solution Company - Kinaxis RapidResponse" (in en). https://www.kinaxis.com/en/about/supply-chain-management-solutions-company/#our-business.
- ↑ 6.0 6.1 6.2 6.3 6.4 6.5 Bagnall, James (August 13, 2017). "Kanata's Kinaxis takes a rare hit, but still 'punching giants in the nose'". The Ottawa Citizen. https://ottawacitizen.com/business/local-business/kanatas-kinaxis-takes-a-rare-hit-but-still-punching-giants-in-the-nose.
- ↑ "Kinaxis Customers Achieve Operations Performance Breakhroughs with RapidResponse" (in en). https://www.kinaxis.com/en/about/kinaxis-customers/.
- ↑ "How Kinaxis harnesses the cloud to tame global supply chains". Canadian Business. February 29, 2016. http://www.canadianbusiness.com/lists-and-rankings/most-innovative-companies/kinaxis/.
- ↑ 9.0 9.1 "Kinaxis 2016 Annual Report". https://www.kinaxis.com/en/about/investor-relations/financial-reports/.
- ↑ "Is Kinaxis a buying opportunity?". 16 December 2018. https://www.theglobeandmail.com/business/article-is-kinaxis-a-buying-opportunity/.
- ↑ 11.0 11.1 11.2 11.3 Silcoff, Sean. "Ottawa software firm Kinaxis is finally ready for its big moment". The Globe and Mail. https://www.theglobeandmail.com/report-on-business/ottawa-software-firm-kinaxis-is-finally-ready-for-its-big-moment/article23009765/.
- ↑ Paradza, Brian (November 8, 2017). "Kinaxis Inc. Shares Rise +14% in 2 Days". The Motley Fool. https://www.fool.ca/2017/11/08/kinaxis-inc-shares-rise-14-in-2-days-could-this-be-a-return-of-share-price-growth-momentum-to-the-stock/.
- ↑ "Kinaxis eyes acquisitions in wake of IPO". Ottawa Business Journal. June 12, 2014. http://www.obj.ca/article/kinaxis-eyes-acquisitions-wake-ipo.
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