Growing Supply Chain Management Cloud Provider also to be Recognized in the Outstanding Company Category
Ottawa, ON /PRNewswire/ - Kinaxis® (TSX:KXS), provider of RapidResponse®, delivering cloud-based SCM and S&OP applications, today announced it has been named a Best Ottawa Business Awards recipient for both Deal of the Year and Outstanding Companies categories.
The Best Ottawa Business Awards, co-hosted by the Ottawa Business Journal and the Ottawa Chamber of Commerce, will celebrateOttawa's top businesses this evening, November 20, 2014, at the newly-named Shaw Center.
Deals of the Year: Finance
This past June, Kinaxis completed Canada's largest high-tech IPO in four years, and Canada's largest ever for a software-as-a-service (SaaS) offering. The public offering raised more than $115 million.
"The IPO was achieved after many years of success as a private company and was only possible due to the dedication and innovation of our many talented employees," said Richard Monkman, chief financial officer. "It's been almost a decade since we converted the company to a SaaS offering; we've been profitable and it was an opportunity to share this success with other investors."
Kinaxis proves that vision, persistence and adaptability are the recipe for long-term success. The company has been a fixture of the local technology industry for 30 years.
"What has contributed to Kinaxis' success over the years is our strong value proposition to our customers," said John Sicard, chief products officer. "The supply chain space is becoming increasingly important to large companies."
And the company continues to grow. In the past year, Kinaxis has increased its head count by about 20 per cent. "Awards like this putOttawa on the map as a great place to live and a great place to work," Mr. Sicard said. "It's a great recognition of the talent behind Kinaxis."
Recognition in this category adds to the growing list of accolades Kinaxis has received: 2014 Canada's Best Small & Medium Employers, 2014 National Capital Region Top Employer, 2013 Canada's Best Employers for Young People, 2014 Supply Chain Pros to Know, 2014 100 Great Supply Chain Projects and 2013 Great Supply Chain Partner.
Find out more about Kinaxis and career opportunities at the upcoming career fair on Wednesday, January 21st, 2015 from 4:00–7:00pm at the Holiday Inn & Suites Kanata.
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Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to Kinaxis' growth opportunities and the potential benefits of, and demand for, Kinaxis' products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis' products and services compared to competitive offerings in the industry. Readers are cautioned not to place undue reliance on such statements. Kinaxis' actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Kinaxis is a leading provider of cloud-based subscription software that enables our customers to improve and accelerate analysis and decision-making across their supply chain operations. The supply chain planning and analytics capabilities of our product, RapidResponse, create the foundation for managing multiple, interconnected supply chain management processes. By using the single RapidResponse product instead of combining individual disparate software solutions, our customers gain visibility across their supply chains, can respond quickly to changing conditions, and ultimately realize significant operating efficiencies.