Kinaxis Closes Acquisition of Rubikloud
OTTAWA, ON, July 2, 2020 /CNW/ - Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, today announced that it has closed the previously announced acquisition of 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.
"We are delighted to have finalized the acquisition and are excited to welcome Kerry Liu and the Rubikloud team along with its customers and partners into the Kinaxis ecosystem," said John Sicard, President and CEO, Kinaxis. "Rubikloud's advanced AI-based demand forecasting capabilities will immediately enhance our offering to CPG customers and prospects, and will ultimately be offered to other industries we serve today. The acquisition also provides Kinaxis an entry point into the enterprise retail industry and brings a group of people who will complement our already-outstanding team to leverage AI and machine learning capabilities across the Kinaxis RapidResponse® platform."
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, visit Kinaxis.com or follow us on LinkedIn or Twitter.
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to Kinaxis' growth opportunities and the potential benefits of its acquisition of Rubikloud. These statements are subject to certain assumptions, risks and uncertainties, including our view of the opportunities associated with Kinaxis' and Rubikloud's combined businesses, and expected synergies from the acquisition. Readers are cautioned not to place undue reliance on such statements. Kinaxis' actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
SOURCE Kinaxis Inc.