Company:Kinaxis

From HandWiki
Short description: Software company in Canada
Kinaxis Inc.
TypePublic
  • TSXKXS
  • S&P/TSX Composite Component
IndustryIT services
Founded1984; 40 years ago (1984)
FoundersDuncan Klett[1][2] and 2 others
Headquarters3199 Palladium Drive
Ottawa, Ontario
K2T 0N9
Area served
Worldwide
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
Number of employees
1000 Worldwide (~500 in Canada)
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[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

  1. "Kinaxis Inc." (in en). https://www.marketwatch.com/investing/stock/kxs?countrycode=ca. 
  2. "KXSCF - Kinaxis Inc Company Profile - CNNMoney.com". https://money.cnn.com/quote/profile/profile.html?symb=KXSCF. 
  3. "KXSCF - Kinaxis Inc Company Profile - CNNMoney.com". https://money.cnn.com/quote/profile/profile.html?symb=KXSCF. 
  4. 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/. 
  5. "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. 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. 
  7. "Kinaxis Customers Achieve Operations Performance Breakhroughs with RapidResponse" (in en). https://www.kinaxis.com/en/about/kinaxis-customers/. 
  8. "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. 9.0 9.1 "Kinaxis 2016 Annual Report". https://www.kinaxis.com/en/about/investor-relations/financial-reports/. 
  10. "Is Kinaxis a buying opportunity?". 16 December 2018. https://www.theglobeandmail.com/business/article-is-kinaxis-a-buying-opportunity/. 
  11. 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/. 
  12. 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/. 
  13. "Kinaxis eyes acquisitions in wake of IPO". Ottawa Business Journal. June 12, 2014. http://www.obj.ca/article/kinaxis-eyes-acquisitions-wake-ipo.