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CAPITAL.

EXPÉRIENCE.

PARTENARIAT.

À propos de nous

OpenText Enterprise Apps Fund (OTEAF) est un fonds créé en 2015 qui investit essentiellement dans les entreprises technologiques canadiennes en émergence qui créent des applications de rupture pour entreprises et misent sur la puissance de l’Internet et des mégadonnées, l’analytique prévisionnelle, l’apprentissage machine et la mobilité.

OpenText Corporation est un commanditaire fondateur avec un placement de 19,9% dans le Fonds. Parmi les autres commanditaires figurent BDC, EDC, Teralys Capital, Caisse de dépôt et placement du Québec (CDPQ) et Kensington Capital.

Les associés fondateurs d’OTEAF ont travaillé auprès d’une vingtaine d’entreprises technologiques en qualité de fondateurs, dirigeants, conseillers ou investisseurs, et chacun affiche une feuille de route de croissance et de rendements supérieurs. OTEAF s’intéresse aux entrepreneurs et aux équipes de direction hors pair et cherchant, au-delà de l’appui financier, l’expérience et l’expertise de professionnels accomplis du milieu financier et de la direction d’entreprise, qui pourront aider à donner un élan porteur de croissance et assurer un retrait successif avantageux pour toutes les parties prenantes.

Critères d’investissement

OTEAF privilégie les entreprises qui affichent des revenus mensuels récurrents en croissance, une offre solide de produits et des références clients de premier ordre. Le fonds investit généralement de 2 à 8 M$ par investissement dans des titres de Série A et suivantes. Le fonds exige également un siège au conseil d’administration, dans une optique de création de valeur, et seconde activement les équipes de direction afin de les aider à assurer l’expansion de leurs activités.

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L’EQUIPE

 

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.