tech story

Aspen Technology- A Global Leader That Has Given Process Modeling And Optimization A New Direction.

Aspen Technology was formed in 1981 and its headquarters are currently based in Massachusetts, US. The company is mainly popular as AspenTech and it is famous all across the world for creating exceptionally good process modeling and optimization software. The demand for this type of software is high in several industries, especially where a lot of data is available but there are no first principle-based phenomenological models to use these data. The software of AspenTech helps several industries to model and do predictive analysis before installing heavy machinery or starting a production process physically. AspenTech has expanded its business across all the continents in the world except Antarctica.

About Aspen Technology

Aspen Technology has been thriving for the last four decades in the process industries. The products and services of the company are exclusively helpful for the chemical and mechanical industries where mechanical design is a very crucial part. Many educational institutions also buy software from Aspen to train students before jumping into a professional career. The company has more than 1,700 employees who are working from 30 locations across the globe. The main target of AspenTech is to maximize the efficiency of the companies, minimize waste generation with the help of optimization software, and deliver high returns over assets.

In the last four decades, ApenTech has also applied AI and ML to develop its software so that it can work more efficiently with data analytics. Recently, it has also expanded its services to offer software for industrial AI to achieve sustainability goals. The company has also established a partnership with Numaligarh Refinery Limited Partners such that the latter can achieve operational excellence. AspenTech has also received several awards like the Green Supply Chain Award, Best Modeling Technology, FIPI Digital Technology Provider of the Year, and many more.

History

AspenTech was founded as a result of a joint research project between MIT and the US Department of Energy. The latter granted the chemical engineers of MIT to go ahead with this research for innovation in the process industries. After a year AspenTech was formed, the company released its first product, Aspen Plus, and that today has become the number one software for chemical engineers for process modeling. Refineries are a very major part of the chemical industries and Aspen released the first planning software for refineries, Aspen PIMS in 1984. Ten years later the company filed its IPO and became a publicly-traded company listed on the Nasdaq Stock Market.

Aspen started acquiring other companies by the end of the 1990s and made a series of acquisitions (more than 25 good companies) to expand its horizon especially in making optimization software for various industries. In 2004, the company decided to release an integrated product suite, aspenONE that can be used across various sectors from engineering to supply chain processes. In 2006, the company established a new R&D center in Shanghai, China. 2009 was a big year for the company as it successfully launched the integrated suite aspenONE in nine different languages including Japanese, Portuguese, Russian, Spanish, Korean, Chinese, German, Italian, and French.

Success

With the expansion of the AspenTech market geographically, it started focusing on developing a product for companies of every size. So, in 2012 the company launched the aspenONE Desktop package so that the small and medium-sized companies can also use the software that is used by big multinational companies. In 2014, AspenTech was featured in Forbes as one of the World’s Most Innovative Growth Companies. To develop more AI-driven products, AspenTech acquired two companies, Mnubo and Sabisu in 2019. The company is currently researching to deliver products for a self-optimizing plant.

Antonio Pietri – CEO of Aspen Technology

Antonio Pietri is the CEO of AspenTech who joined the company in 1996 with the acquisition of Setpoint Inc. In 2002, he became the Vice President of Business Consulting in AspenTech followed by the Managing Director of the Asia-Pacific region. He became the CEO of the company in 2013. Pietri studied Chemical Engineering at the University of Tulsa followed by an MBA from the University of Houston.

Annasha

Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more

Coupa Software – Helping Companies to Spend Smarter and Safer.

When there is an idea for a business, it is natural to be conscious about the expenditure as well, as while crafting a new business most of the money is wasted without a spending plan. While some organized businessmen know how to deal with the everyday spending on manufacturing, employment, supply, and other processes, there are several who rely on platforms like business spend management software to take care of all the expenditure on every process of the company. Coupa Software is one of the BSM software developers, most big-name companies rely on for their business spend management solutions. The software by Coupa is cloud-based such that offers maximum flexibility to the business owners to handle their spending with ease and most transparency.

About Coupa Software

Coupa is a sixteen years old company founded in 2006 by Dave Stephens and Noah Eisner. The company headquarters is based in San Mateo, California, U.S., and it provides its services globally. Since the company is operating at a global level, Coupa has established its offices in over 40 countries of Europe, Latin America and the Asia Pacific, and it deals in 140 currencies. Coupa Software develops software in the Business Spend Management category, and its products include spend management software, procurement, invoicing, sourcing, contract management, catalogue management, expense management, etc. As per the 2021 records, over 2500 people are employed by Coupa, and it made approximately US$542 million worth of annual revenues for FY21. Coca-Cola, Nike, Adidas, Amazon, Caterpillar, and Slack are a few of the more than 700 worldwide customers of Coupa.

The Back Story

Dave Stephens and Noah Eisner founded Coupa in 2006 and released its first product, i.e., Coupa Express in the same year. The next year, the company came with Coupa On Demand, a SaaS product, which was dedicatedly made for small and medium, and small size businesses. Coupa’s first spend analysis product named Coupa Spend Optimizer came in the year 2011, and the company also bagged a huge contract from Independent Purchasing Cooperative (IPC) to handle its franchises in 98 countries. By 2014, the company started to expand overseas, opening its first foreign office in Dublin, Ireland. The same year, Coupa Software also introduced the Coupa Inventory and partnered with Net Suite for a strategic partnership.

Coupa also started to acquire other companies to grow its operations. In 2015, it went to acquire the assets of ZenPurchase, InvoiceSmash, and TripScanner. The next year, Coupa acquired Contractually, and in 2020, the company bought LLamasoft. LLamasoft helped the company to integrate AI technology to the supply chain feature in its platform. Coupa went public on Nasdaq in 2016, where it trades as COUP. In the year 2021, Coupa introduced the Sustainable Business Spend Management (BSM) platform.

The CEO at Coupa Software

Rob Bernshteyn is the current CEO at Coupa Software. He is a veteran of the software industry and has handled multiple executive roles at various IT companies in his more than twenty-years-long career.

Rob graduated from the University at Albany with a Bachelor’s of Science in Information System and then went to the Harvard Business School to pursue an MBA in 2000. He started his career at Accenture as the Project Manager of the System Integration Consulting and worked for four years there. Then Rob switched to McKinsey & Company to work as an associate. In June 2001, he joined Siebel Systems as the Director of Product Management, and in June 2004, he became the VP of Global Product Marketing & Management at SuccessFactors. Rob left his last company and switched to Coupa Software, where he held the position of the Chief Executive Officer and the Chairman of the Board of Directors.

Yashica Vashishtha

Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.

www.xornor.co

Endava – Multinational Software Development Company Named After Two Companies Merged In 2000.

Leave a Comment / Story, Tech Story / By Annasha

Endava is a multinational software development company that emerged in 2000. It was formed as a result of a merger between two companies, Concise and Compudava. Endava mainly operates in various European countries and Latin America. The client offices of the company are located in Western Europe and North America whereas the delivery offices are located in Eastern Europe and Latin America. The headquarters of the company is based in London, UK. Endava offers ample solutions to its clients and some of them are user interface design, strategy consulting, Internet of Things, agile software development, and various automation solutions.

About Endava

Endava was established with the main goal to redefine the relationship between people and technology. The company offers its solutions to a vast field of companies including financial services, telecommunications, healthcare sector, retail, etc. Endava fuels the digital transformation for its clients and also accelerates the performance of the dynamic digital platforms. Endava currently has more than 10,000 employees at various locations of the world such as Australia, Denmark, Germany, Netherlands, Singapore, etc. Though the company’s major delivery offices and close-to-client offices are located in Europe and America, they have also extended the market to various Asian countries.

Endava’s recent spotlight is on the project APAC, that is, remaining digital across the Asia Pacific. Endava’s growth in the Asian and Australian markets started a bit late as compared to the European and American markets. The company is also working in association with other companies like Santander, Citizen, pollinate, etc. Endava has also formed Endava Private Equity Group from a merger with Intuitus Advisory. This body was formed particularly to offer digital advice throughout the entire investment life cycle.

History of the Company

In 2000, Endava was formed in Chișinău, Moldova. After the two companies merged, the joint company was named Endava Group. The company has made several accomplishments in the past two decades. It has also made several acquisitions to broaden the market and acquired different client profiles. In mid-2015, Endava acquired a Serbia-based company called Power Symbol Technology. Later that year, It also acquired a company called Nickel Fish Design, an agency for UX and design. In 2016, the company acquired Integrated Systems Development Corporation which had an existing market in Netherlands, Bulgaria, and Romania. This acquisition broadened the client base of the company.

A few years ago Endava acquired Velocity Partners, a company headquartered in the US, and delivery offices in Latin America. It was mainly an agile software solution provider. In 2018, Endava established a partnership with Bain & Company. And in the same year, it also filed an IPO and started trading in the New York Stock Exchange. The company also became a principal partner in the FinTech Alliance, which was launched by the UK government. In 2019, the company decided to open two new marketplaces in different regions of Romania. Last year, Endava acquired a Brooklyn-based company called FIVE which is a design and marketing agency. It recently acquired another company called Levvel LLC. Endava has also recently announced that it is targeting to achieve net-zero emissions as an organization.

Awards & Recognitions

In 2010, Endava was featured in Deloitte Technology Fast 500 EMEA and also in the list of 500 fastest-growing companies in EMEA. In 2011, It became one of the top 50 European Growth Companies and in the same year, the CEO of Endava, John Cotterell was was selected as the Ernst & Young Entrepreneur of the Year. It also received Digital Impact Awards for the “Best use of mobile and portable devices.” The company was named as one of the top 100 digital agencies across the globe by Econsultancy in 2013. The Romanian market of the company is very strong and it won the “Brand of the Year” award in Romania for two consecutive years.

John Cotterell – CEO

John Cotterell founded Concise in 2000 which merged with Compudava to form Endava. So, he is a part of a company from the very beginning and made it a very successful and impactful business. He started his career in the computer service industry with Capgemini and currently, he has more than 30 years of industry experience.

Annasha

ironSource – Turning Apps Into Scalable And Successful Businesses.

Leave a Comment / Story, Tech Story / By Yashica Vashishtha

Using apps has become a regular thing for everyone today. Whether we are using it for sending messages or to find out a particular location on the map, these apps have made our lives easy and everyday tasks easier. For the developers and the app owners, too, these apps have become a potential source of income. The more the users use these apps, the more revenues are generated. To make the app generate revenues, we need a separate monetizing platform that activates the apps for making money on every download and its regular usage. ironSource is the developer of monetizing platforms for such apps and helps the developers to gain more quality users. The company is known for its monetizing ironSource SDK for app developers and the Aura software platform for mobile operators.

About ironSource

ironSource is an Israel-based company with its headquarters based in Tel Aviv, Israel. The company is only ten years old and still has managed to become one of the leading software companies. ironSource is a publically held company and trades as IS on New York Stock Exchange. The company offers its service in mobile gaming, mobile advertising, and app monetizing industry, operating through its subsidiaries, i.e., AfterDownload, Upopa, SuperSonic, etc. ironSource is best known for its monetizing SDK platform and Aura software. With global offices in locations like London, NYC, Tel Aviv, Beijing, Tokyo, and Seol, the company has over 1000 employees working for it. ironSource has been featured as a Global Growth Company in the World Economic Forum in 2015 and was named as one of Israel’s most innovative companies by Fast Company.

Founding ironSource

Most of the big-name brands have come from an innovative idea, and such was the case with ironSource as well. In 2010, Tomer Bar-Zeev founded ironSource after he felt the need for a platform to monetize apps that he used to make as a software developer. Apart from the monetization facility, the company started to provide analytics, conversion, acquisitions, and optimizations through its platform, and it became a well-known brand in a few years only.

ironSource’s first product was an open-source SDK named InstallCore, which it released in February 2011. The company also made some acquisitions that added to its growth. In 2013, ironSource acquired AfterDownload Ltd., an Israeli advertising technology company, and the next year, it went on to buy mobile game studio Upopa, followed by the acquisition of StreamRail (2016), Soomla (2021), and Luna Labs (2021), etc.

The company is also providing mobile gaming advertising services such as has become the first SDK provider to support augmented reality ads for game developers. ironSource opened a new office in San Fransisco in 2013, which led to its expansion to other continents as well. The company has set up multiple offices in Europe, Asia, and the US. In 2015, there was a merger between ironSource and Supersonic, hence launching a new mobile studio with the name Supersonic Studio in 2020. The company went public in June 2021 on NYSE.

The Founder and CEO at ironSource

Tomer Bar Zeev co-founded ironSource in 2010 and is currently serving the company as the CEO. He is a Computer Science graduate from Reichman University. Before founding ironSource, he has worked in various big-name companies and has handled multiple executive roles. Tomer was the VP of business development and marketing at AtlasCT for two years and worked as the VP of business development for Payoneer from 2007 to 2009. He co-founded fox tab in 2009 and served the company as the CEO for one year (2009-10).

Yashica Vashishtha

www.xornor.co

Blue Yonder – Powering Digital Supply Chain Using Innovative Solutions.

Leave a Comment / Story, Tech Story / By Yashica Vashishtha

Management is the very core of any business, and if one can get full-fledged software for that, it is the cherry on the top. Management includes multiple tasks, from handling the customers, the quality of the products, taking care of the employees, and ensuring on-time delivery of the product, all come under this category. Thanks to the growing IT industry and the rising IT companies, we have got software for every management work. One such crucial work is dealing with everyday supply/delivery and keeping the account for the same. Blue Yonder is one of the IT companies which offers an end-to-end supply chain platform, suitable for almost every business. The company is known for its Luminate Platform (built on artificial intelligence) used by many brands across the globe for their data integration, real-time decision making and to achieve end-to-end supply chain visibility of each process going on in the organization.

About Blue Yonder

Blue Yonder is a subsidiary company of Panasonic, which previously was known as JDA Software. James Donald Armstrong and Frederick M. Pakis founded the company in 1985, and its headquarters resides at Scottsdale, Arizona. It is an American software company providing its services worldwide. Blue Yonder is best known for its flagship product Luminate Platform, a supply chain management software that can be integrated into every corner of the business to track every activity throughout the end-to-end supply chain. The company is the home of over 5500 employees, and its clients’ count is more than 3000 from across the world. As per the 2021 records, it made revenues worth $1.1 Billion.

Apart from having customers from around the world, Blue Yonder has set up over 40 offices in America and overseas, i.e., in Boston, London, Canada, Milan, Paris, Palo Alto, Monterrey, Madrid, Dubai, Cape Town, Australia, India, China, Korea, and Singapore, etc. Names like Albertsons, Brookshire’s, Oriflame, Kenco, DHL, Petco, Access Business Group, ABB Information Systems Ltd, 7-Eleven Inc, Michelin, etc. are a few of the names of Blue Yonder software users.

The Back Story

James Donald Armstrong and Frederick M. Pakis founded the company as JDA Software, Inc in 1985, in Cleveland, Ohio. In just two years, the company shifted its headquarters to Arizona after it received a contract from an automotive retailer. In 1996, after successfully working for a period of ten years, the company went public and had its first IPO. By this time, JDA also started to expand and acquired Arthur Retail division in 1998. In the coming years, it took over names like Intactix (2000), E3 Corporation (2001), Manugistics (2006), i2 Technologies (2010), etc.

After a deal worth $1.9 billion, JDA went under RedPrairie ownership, turning the former private again. Also, RedPrairie started to host its operations under the brand name JDA. In 2018, JDA acquired Blue Yonder GmbH and had a name change to Blue Yonder in 2020. the company acquired Yantriks in the same year. In September 2021, Panasonic bought Blue Yonder for an undisclosed amount, and today, Blue Yonder operates as a subsidiary of Panasonic.

CEO at Blue Yonder

Girish Rishi is the current CEO at Blue Yonder. He is a native Indian and has completed his bachelor’s degree from the University of Bombay. Rishi has also got a Master’s degree in Business Administration from the University of Hartford as well as another master’s in International Public Policy from the School of Advanced International Studies at Joah Hopkins University. Before joining the company, Rishi has handled multiple leadership roles at companies like Motorola and Matrics. In 2017, Rishi became the CEO of Blue Yonder.

Yashica Vashishtha

www.xornor.co

Temenos AG – Enterprise Software Used By The Topmost Banks In The World.

Leave a Comment / Story, Tech Story / By Annasha

Temenos AG is a European company that offers enterprise software especially to banks and other financial organizations. The company was founded in 1993 as Temenos Systems and today it offers its services to more than 145 countries around the world. Temenos AG witnesses daily transactions of more than 1.2 billion people using the technology of the company. Currently, 41 out of 50 top most banks of the world are clients of Temenos. From multinational corporate banks to small community banks, Temenos AG offers software across a wide range of demographics. The headquarter’s of the company is based in Geneva, Switzerland and the present CEO of the company is Max Chuard.

About Temenos AG

Founded in 1993, Temenos became a publicly-traded company in 2001 as it got listed on the Swiss Stock Exchange. Apart from the company’s headquarters, Temenos has more than 67 offices in various countries and the total number of employees is approximately 7,500. Temenos has also received several awards and featured in various popular magazines. In the IBS League Table (2017-2021) Temenos was the number one best-selling digital banking system. Temenos is one of the fourth largest European software companies.

There are more than 3,000 firms across the globe that uses Temenos’s banking software for daily transactions every day. The solutions and products offered by Temenos include core banking, payments, fund management, digital banking, wealth management applications, etc. The company has got every aspect of monetary need covered when it comes to smooth user experience and reliable applications. Though most of the banking companies don’t invest rigorously in R&D, Temenos 20% of the revenue into their R&D sector to focus more on renovation. Around 30% of the world’s banking population uses Temenos for any banking purposes.

History and Acquisitions

The baking project behind Temenos was started a few years before it was officially launched. A group of banking experts and technical researchers started developing a successful banking platform in the late 1980s. And, it was in 1993 that George Koukis and Kim Goodall acquired the rights to GLOBUS, the newly designed banking platform, and changed the name of the company to Temenos. The name of the company was taken from a reference lecture on money that was given by Hans Wolfgang Frick and Temenos Academy. Temenos became public in 2001 and right after going public, it made a big acquisition by purchasing a mainframe core banking software. The application it acquired was originally made by IBM and now it is sold as a part of Temenos Core banking.

Temenos launched the T24 banking package in 2003 with a more improved banking technology platform. To build the T24 package, the company required three long years of effort and also invested more than $24 million. After acquiring the banking application from IBM, the company made a major acquisition in 2007 when it acquired a German company called Actis.BSP. In 2008, Temenos acquired two UK-based companies, namely, Financial Objects Ltd and Lydian Associates Ltd. In 2009, it acquired a French company called Viveo and FE mobile, a UK-based company in 2010. After a few years, Temenos also started investing in the American market as it acquired Trinovus and Akcelerant, two US-based companies in 2013 and 2015 respectively. It has also acquired a couple of Indian companies to expand its territories in Asia. Recently, Tatra Banka, Slovakia’s largest mutual fund company chose Temenos Multifonds.

Max Chuard – CEO of Temenos AG

Max Chuard is serving as the CEO of Temenos since 2019. He joined the company a long time back in 2002 as the Director of Corporate Finance and Investor Relations and then got promoted to Chief Financial Officer in 2012. Before joining Temenos, Max worked at Investment Baking Boutique and JPMorgan Chase & Co. Max Chuard went to the University of Lausanne and holds a master’s degree in finance.

Annasha

Follow Us