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ThinkData Named Data Monitoring Solution of the Year

Data Breakthrough AwardsTORONTO, ON – March 24th, 2021 — ThinkData Works, Inc., the Toronto-based company providing the enterprise withflexible data catalog solutions, has been selected by Data Breakthrough awards as the ‘Data Monitoring Solution of the Year.’ In 2020, ThinkData Works was selected the Overall Data Science Platform of the Year. 

Data Breakthrough announced the results of the 2021 Breakthrough Awards, highlighting the driving technologies and companies in global innovation. Data Breakthrough is associated with the Tech Breakthrough organization, a leader in market intelligence that recognizes the top companies, products, and technologies within the most competitive sectors today, including IoT, Cyber Security, Mobile/Wireless, Digital Health, Fintech and the Data Sector.

“We are thrilled to be recognized as a global leader in data technology solutions by the Data BreakThrough Awards for a second consecutive year; it’s great to see that our solution has withstood economic downturn and continues to provide value,” said Bryan Smith, Co-founder and CEO of ThinkData Works.

“The past year exposed the importance and necessity of data security and embedded trust. We’re eager to continue ensuring world class data validation, matching, and enrichment to organizations of all sizes.”

This year’s data category attracted more than 1,750 nominations from all over the globe. Other category winners include industry leaders such as Google Cloud, Fivetran, IBM, and Microsoft.

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

The 2021 Data Breakthrough Award winners include: 

Data Management
Data Management Solution of the Year: Piano
Data Processing Solution of the Year: Snowplow
Data Monitoring Solution of the Year: ThinkData Works
Data Management Innovation of the Year: Domino Data Lab
Data Management Company of the Year: Druva

Data Analytics
Predictive Analytics Solutions of the Year: Fiddler AI
Data Visualization Solution of the Year: Swim
Log Analytics Solution of the Year: ChaosSearch
Cross Intrastructure Analytics Solution of the Year: InfoCepts
Data Analytics Solution of the Year: Google Cloud
Data Analytics Innovation of the Year: ADP DataCloud
Overall Data Analytics Platform of the Year: Quantexa
Overall Data Analytics Company of the Year: Exasol

Business Intelligence
Business Intelligence Solution of the Year: IBM
Business Intelligence Platform of the Year: GoodData
Business Intelligence Solution Provider of the Year: ActivTrak

Data Storage
Consumer Storage Solution of the Year: Seagate
Flash Storage Solution of the Year: ScaleFlux
Data Storage Innovation of the Year: CTERA
Overall Data Storage Solution of the Year: StorMagic
Overall Data Storage Company of the Year: WekaIO

DataOps
DataOps Solution of the Year: HighByte
DataOps Platform of the Year: Varada
DataOps Company of the Year: DataKitchen

For the full list of winners, click here.

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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.