Kinaxis Inc. (TSX:KXS)

Technology

Kinaxis Inc, headquartered in Ottawa, Canada, provides supply chain management solutions and cloud-based subscription software.

The company was incorporated as Cadence Computer Corporation on June 29, 1984. The digital solutions provider rebranded to Kinaxis Inc in 2005.

In 1996, Kinaxis launched a software-driven supply chain planning platform.

Kinaxis has shifted its focus from hardware to software over the years and now provides innovative cloud-based supply chain planning tools.

Kinaxis Inc went public in 2014. Its stock symbol is ‘KXS’ on the Toronto Stock Exchange.

Kinaxis operates through various offices in:

• Tokyo, Japan
• Amsterdam, The Netherlands
• Seoul, South Korea
• Hong Kong, China
• London, United Kingdom
• Ottawa, Canada
• Singapore
• Chicago, United States

Through RapidResponse®, the firm provides various applications such as sales and operations planning (S&OP), demand and supply planning, inventory planning, capacity planning, etc. RapidResponse® is a cloud-based application that provides smart scenario modelling, analytics, end-to-end synchronization, effective collaboration, etc.

Kinaxis’ professional services includes business transformation, customer support services, implementation, deployment, advanced analytics and continuous learning services.

The company also provides a secured concurrent planning platform, advanced analytics services, data assessments, Live Lens, Developer Studio, cloud-based integration capabilities.

Kinaxis sells its products primarily through direct sales channels or partners and resellers in Asia-Pacific, North America, Europe, etc.

The company’s key targeted verticals are:

• Automotive
• consumer products (FMCGs)
• high-tech and electronics
• industrial
• life sciences
• pharmaceuticals
• aerospace and defense

Kinaxis aims to improve digital transformation, reduce disruption and volatility of its systems, promote sustainability and support customers.

Kinaxis recently collaborated with 4flow, a supply chain optimization service company, to provide customers with an accurate view of their transportation costs and gain efficiency in the end-to-end supply chain.

Some of the significant customers are Dr. Reddy’s, YAMAHA, JOHNSON ELECTRIC, NISSAN Motor Corporation, Ford, HermanMiller, etc.

In January 2020, the company acquired all outstanding shares of Prana Consultancy Inc, an Indian supply chain consultancy firm.