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Kinaxis

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Software company in Canada
Kinaxis Inc.
Company typePublic
Traded as
IndustryIT services
Founded1984; 40 years ago (1984)
FoundersDuncan Klett and 2 others
Headquarters3199 Palladium Drive
Ottawa, Ontario
K2T 0N9
Area servedWorldwide
Key people
  • John Sicard (President and CEO)
  • Paul Carreiro (Chief Revenue Officer)
  • Blaine Fitzgerald (Chief Financial Officer)
  • Anne G. Robinson (Chief Strategy Officer)
ServicesSupply Chain Management Sales and Operation Planning
Websitewww.kinaxis.com

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 and two others as Cadence Computer Corporation and went public in June 2014. In 2017, Kinaxis said that it expected to have 500 employees by the end of the year.

Business

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

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. The name was later changed to Carp Systems International (after the nearby Carp River), then Enterprise Planning Systems. In the mid 1990s, it changed its name to Webplan, and shifted from making hardware to providing software.

Recent history

In 2000, it led a venture round that raised $33 million. In 2005, it renamed itself Kinaxis, and started focusing on selling software by subscription, as opposed to collecting a one-time fee. In June 2014, it held an IPO on the Toronto Stock Exchange, raising a total of $100 million. Since then, its market capitalization has increased to $1.7 billion, as of August 2017. In 2022 they acquired MPO, a multi party orchestration platform connecting Supply Chain actors.

References

  1. "Kinaxis Inc". www.marketwatch.com. Retrieved 2020-07-02.
  2. "KXSCF - Kinaxis Inc Company Profile - CNNMoney.com". money.cnn.com. Retrieved 2020-07-02.
  3. "KXSCF - Kinaxis Inc Company Profile - CNNMoney.com". money.cnn.com. Retrieved 2020-07-02.
  4. Klett, Duncan (21 January 2011). "A short history of Kinaxis. | The Signal: A blog by Kinaxis". blog.kinaxis.com. Retrieved 2017-11-30.
  5. "Supply Chain Management and S&OP Solution Company - Kinaxis RapidResponse". www.kinaxis.com. Retrieved 2017-11-30.
  6. ^ Bagnall, James (August 13, 2017). "Kanata's Kinaxis takes a rare hit, but still 'punching giants in the nose'". The Ottawa Citizen.
  7. "Kinaxis Customers Achieve Operations Performance Breakhroughs with RapidResponse". www.kinaxis.com. Retrieved 2017-11-30.
  8. "How Kinaxis harnesses the cloud to tame global supply chains". Canadian Business. February 29, 2016.
  9. ^ "Kinaxis 2016 Annual Report". Kinaxis Inc.
  10. "Is Kinaxis a buying opportunity?". Globe & Mail. 16 December 2018.
  11. ^ Silcoff, Sean. "Ottawa software firm Kinaxis is finally ready for its big moment". The Globe and Mail.
  12. Paradza, Brian (November 8, 2017). "Kinaxis Inc. Shares Rise +14% in 2 Days". The Motley Fool.
  13. "Kinaxis eyes acquisitions in wake of IPO". Ottawa Business Journal. June 12, 2014.
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