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Kinaxis

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Kinaxis Inc.
Company typePublic
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
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] In 2017, Kinaxis said that it expected to have 500 employees by the end of the year.[6]

Business

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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 was 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

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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

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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, a multi party orchestration platform connecting Supply Chain actors.

References

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  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. ^ a b c d e f 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. ^ [citation needed]"How Kinaxis harnesses the cloud to tame global supply chains". Canadian Business. February 29, 2016.
  9. ^ a b "Kinaxis 2016 Annual Report". Kinaxis Inc.
  10. ^ "Is Kinaxis a buying opportunity?". Globe & Mail. 16 December 2018.
  11. ^ a b c d 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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