09
Apr

ThinkData Named Overall Data Science Solution of the Year

Toronto, ON – April 8th 2020 — ThinkData Works, Inc., the Toronto tech company behind the data management platform, Namara, has been selected as the winner of the ‘Overall Data Science Solution of the Year‘ award by Data Breakthrough.On April 8th, Data Breakthrough announced the results of the 2020 Data Breakthrough Awards program, showcasing technologies and companies that are driving global innovation. Data Breakthrough is part of the Tech Breakthrough organization, a leading market intelligence organization that recognizes the top companies, technologies and products in today’s most competitive sectors, including IoT, Cyber Security, Mobile/Wireless, Digital Health, Fintech and the Data Sector.

Data Breakthrough Awards

“We are thrilled to be recognized with the 2020 Data Breakthrough Award for Best Overall Data Science Solution; this is a massive vote of confidence for our platform and vision,” said Bryan Smith, Co-Founder and CEO of ThinkData Works. “As one of the only three Canadian companies represented, we’re showing that Canada is building industry-leading tech that competes on the global stage.”

This year’s Data category attracted more than 2,500 nominations from over 15 countries. Other category winners include industry leaders such as Sumo Logic, Dremio, Cloudera, and Looker, to name a few.

All award nominations were evaluated by an independent panel of experts within the data industry across a variety of disciplines, with the winning products and companies selected based on innovation, performance, ease of use, functionality, value, and impact.

The 2020 Data Breakthrough Award winners include: 

Industry Leadership
Best Use of AI in Data Tech: SnapLogic, Intelligent Integration Platform
Data Tech Startup of the Year: Sisu
Overall Data Science Solution of the Year: ThinkData Works
Overall Data Tech Solution of the Year: Matillion

Data Management
Data Processing Solution of the Year: Snowplow Analytics
Data Monitoring Solution of the Year: Innominds, iFusion Analytics
Data Management Innovation of the Year: GigaSpaces, AnalyticsXtreme
Data Management Company of the Year: Druva

Data Analytics
Data Visualization Solution of the Year: OmniSci
Log Analytics Solution of the Year: SolarWinds® Loggly®
Data Analytics Solution of the Year: Sumo Logic, Continuous Intelligence Platform™
Overall Data Analytics Platform of the Year: Dremio, Dremio Data Lake Engine 4.0
Overall Data Analytics Company of the Year: Looker

Infrastructure
In-Memory Solution of the Year: Exasol
NoSQL Solution of the Year: SolarWinds® Database Performance Monitor (DPM)
MPP DBS Solution of the Year: Cloudera
Cloud EDW Solution of the Year: ZE PowerGroup Inc., ZEMA™ and ZE Cloud

Open Source
Overall Open Source Data Solution of the Year: Kong Inc.
Overall Open Source Data Solution Provider of the Year: Neo4j

Data Warehouse
Data Warehouse Solution of the Year: Yellowbrick Data
Data Warehouse Solution Provider of the Year: SQream

Hardware
Semiconductor Product of the Year: UPMEM
Data Center Solution of the Year: Equinix
Server Solution of the Year: IBM

Data Storage
Flash Storage Solution of the Year: Pavilion Data Systems
Overall Data Storage Solution of the Year: Nasuni
Overall Data Storage Company of the Year: Qumulo

Industry Applications
Data Solution of the Year – Retail: Premise Data
Data Solution of the Year – Insurance: Daisy Intelligence
Data Solution of the Year – Finance: Zaloni
Data Solution of the Year – Industrial: QAD



About ThinkData Works
ThinkData Works, Inc. makes data access easy. Efficient tools let users stream data from any public or private source in the world. ThinkData’s platform, Namara, provides data scientists with access to more data, automation for reduced overhead in prep and processing, and more confidence in new data to fuel products, models, and solutions. To learn more, please visit Namara and connect on Twitter and on LinkedIn.

About Data Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the Data Breakthrough Awards program is devoted to honoring excellence in data technologies, services, companies and products. The Data Breakthrough Awards program provides a forum for public recognition around the achievements of data companies and solutions in categories including data analytics, management, infrastructure and hardware, storage, Business Intelligence and more. For more information visit DataBreakthroughAwards.com.

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    AI STARTUP RUBIKLOUD TO BE ACQUIRED BY OTTAWA-BASED KINAXIS FOR $81.4 MILLION CAD

    OTTAWA, ON, June 15, 2020 – Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, has signed a definitive agreement to acquire Toronto-based Rubikloud, a disruptive, emerging provider of AI solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries.

    Globally-recognized retailers and CPG manufacturers in the health and beauty, household and grocery segments use Rubikloud’s AI-based products today. Their offerings include demand forecasting and automation to manage and optimize trade promotions, pricing and assortment to drive product demand and dramatically improve financial results. Kinaxis will enhance RapidResponse’s demand planning capabilities with the Rubikloud offerings, anticipating initial opportunities in the company’s rapidly-growing CPG customer base and over time for other industries such as life sciences. The acquisition also offers Kinaxis a springboard into the enterprise retail industry.

    “Rubikloud has capabilities and value that we can offer our CPG customers today, leads us into the retail industry with some bellwether accounts, and adds a group of approximately 80 people to an already-impressive AI and machine learning (ML) team here at Kinaxis. Over time, this enhanced group will contribute to new and existing AI-powered capabilities across the full Kinaxis RapidResponse® platform and applications,” said John Sicard, President and CEO of Kinaxis. “This acquisition reflects the growing importance of AI and ML to power intelligent automation and augment human decision-making to better deliver on customer promises, remove waste and increase resiliency for effective risk management.”

    Rubikloud’s SaaS-based ML offerings empower retail and CPG manufacturers to transform their core operations by improving and automating complex, profit-generating decisions. Rubikloud’s proven AI capabilities and intuitive tools enable users to leverage disparate data sources to improve forecast accuracy, site-level allocations, inventory availability and promotion plans by allowing users to run boundless simulations in real time.

    “We founded Rubikloud with the belief that purpose-built AI could be used to solve some of the most complex industry problems and we have spent the last seven years building a fantastic product that receives validation from global customers every day,” said Kerry Liu, CEO, Rubikloud. “We’re excited at the prospect of joining Kinaxis, which helps us bring our innovations to a much broader customer base at a faster pace than on our own. Not only that, being two strong Canadian companies we see great cultural synergy and look forward to working on the complex problems we know RapidResponse and concurrent planning can solve for customers.”

    Terms of Agreement
    Kinaxis will acquire Rubikloud for US$60 million in an all-cash transaction that is expected to close within 60 days. Based on Rubikloud’s current revenue and expense profile, the company’s fiscal 2020 revenue and Adjusted EBITDA guidance, as reiterated in its May 6, 2020 news release, remains unchanged. The transaction is subject to customary closing conditions.

    About Kinaxis Inc. 
    Everyday volatility and uncertainty demand quick action. Kinaxis® delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste. For more Kinaxis news, follow us on LinkedIn or Twitter.