Kinaxis Attains Landmark Success in 2011

OTTAWA, Canada, Feb. 8, 2012 /PRNewswire/ -- Kinaxis, provider of RapidResponse Control Tower, a multi-enterprise planning and "what-if" simulation solution, today announced that it marked another year of record performance and business growth. During the last six years, the company has grown subscription revenue sequentially each year, and that trend continued in 2011, with:

• Double-digit revenue growth
• Sustained profitability
• Double-digit free cash flow (FCF) growth

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"Kinaxis experienced another exceptional year in 2011," says Doug Colbeth, CEO of Kinaxis. "We opened new offices around the globe and made significant investments in existing markets, enhancing our ability to help large enterprises to transform their businesses. The fact that Kinaxis saw outstanding growth in new customers, in engagements with existing customers, and in financial performance further substantiates the notion that we provide the most powerful, flexible and comprehensive demand-supply balancing capabilities available today. Kinaxis customers can make huge-impact decision in minutes or hours, versus days or weeks with other solutions."

Product and Market Initiatives

• In October, Kinaxis announced RapidResponse Control Tower, a single cloud-based solution that integrates key functional processes in sales and operations planning (S&OP), supply chain management (SCM) and other associated areas. RapidResponse Control Tower enables companies to increase customer service, reduce corporate risks, and improve financial performance.
• Kinaxis opened new offices in Shanghai, China and Eindhoven, the Netherlands, in response to increasing demand in these regions.

Industry Recognition

• Kinaxis earned awards of distinction from the 2011 Supply & Demand Chain Executive 100 Great Supply Chain Projects and the SupplyChainBrain 100 Great Supply Chain Partners of 2011. In addition, Trevor Miles, the company's vice president of thought leadership, was honored as a "Pro to Know" by Supply & Demand Chain Executive.
• In addition, Kinaxis was named Company of the Year for 2011 by the Ottawa Centre for Research and Innovation (OCRI). OCRI is Ottawa's leading member-based economic development corporation for fostering the advancement of the region's globally-competitive, knowledge-based institutions and industries.

ABOUT KINAXIS

Kinaxis delivers a cloud-based solution at the very heart of planning and response management for value chain operations. Large manufacturing companies with complex supply chain networks and volatile business environments rely on RapidResponse Control Tower for collaborative planning, continuous performance monitoring, and coordinated response to plan variances across multiple areas of the business. RapidResponse encompasses a full spectrum of supply chain related business processes, including such functions as: S&OP, supply and capacity planning, demand management, and supplier collaboration. As a result, Kinaxis customers have replaced disparate planning and performance management tools and are realizing significant operations performance breakthroughs. From a single product, customers are able to make both long-term and real-time demand and supply balancing decisions quickly, collaboratively, and in line with the shared business objectives of multiple stakeholders.

Media Contact:
Lauren Bossers
Social media and public relations manager
1 (613) 592-5780 ext. 5379
[email protected]

SOURCE Kinaxis

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