Annasha

Tyler Technologies, the company formed from three government-owned businesses.

Tyler Technologies was originally established as Saturn Industries in 1966. Currently, it is a publicly-traded company based in Plano, Texas and it provides software to the United States public sector. It has a total of 17 offices across the US and one in Toronto, Canada because it has expanded its service there as well. The founder of the company is Joseph F. McKinney and the CEO of the company is H Lynn Moore Jr. Tyler Technologies was initially Tyler Corporation and it changed its name in 1999. Entering the 21st century, the company made plenty of accusations (more than 15 companies).

About Tyler Technologies

Tyler Technologies mainly offers its software to the public sector. There is a total of eight categories of software it offers. They are appraisal and tax services, financial, records and documents, school, courts and justice, data and insights, planning, regulatory, and maintenance, and public safety. In each of these categories, there is much software for varieties of purposes. The company has also received several awards and accolades in the last five decades. Tyler Technologies has been awarded “Best Places to Work” awarded by several magazines like Mississippi Business Journal, Albany Business Reviews, The Washington Post, etc. It was also featured in Forbes and Fortune several times, especially for fast growth and innovation.

History of Tyler Corporation

Born in 1966 as Saturn Industries, Joseph F. Kinney is the main brain behind this successful enterprise. Tyler Technologies, today, was born out of three government companies, Ling-Temco_Vought. McKinney bought these three companies and then merged them to form Tyler Technologies. The company’s name changed from Saturn Industries to Tyler Corporation after it bought an iron pipes manufacturer, Tyler Pipe. The acquisition took place in 1968 and soon it became the parent company’s main source of annual revenue. Hence it was later renamed Tyler Corporation.

After three years of being in business, Tyler Corporation was already a huge success. Hence in 1969 the company decided to go public and got listed on the New York Stock exchange. The company’s name was officially changed to Tyler Corporation in 1970. It was after almost two decades that Tyler Corporation started developing software for the various government bodies of the US. In the late 1990s, Tyler Corporation started making acquisitions. In 1998, it acquired three companies. They are Business Resources Corporation, Interactive Computer Designs, and The Software Group Inc.

Major Events

The current name of the company, i.e., Tyler Technologies was adopted in 1999 changing it from Tyler Corporation. Tyler Technologies, till 2021, has acquired several companies. After acquiring three companies consecutively in 1998, it acquired a series of companies in 1999. They include Eagle Computer Systems, Micro Arizala Systems, Process Incorporated Computer Center Software, Gemini Systems (a subsidiary of Essex Technology Group), and Cole Layer Trumble Company. After the acquisitions in the late 1990s, the company again started acquiring from 2003. It acquired a Washington-based company called Eden Systems and a Portland-based company called GBF Information Systems in 2003. In 2006, it acquired three companies, namely, MazikUSA Inc, IL, and TACS. The company acquired Versatrans, Olympia Computing Company, PulseMark, Wiznet, Advanced-Data Systems, and more in the next few years.

In recent years, apart from acquiring several companies, Tyler Technologies has also extended its partnership to mane state bodies. In November 2021, it extended a 22-years contract in the State of Utah for digital government and payment solutions. In Troy, Michigan, the company was named a top workplace in 2021 for the fifth consecutive year. In February 2022, it acquired US eDirect.

About the CEO

Lynn Moore Jr is the CEO of Tyler Technologies since 2018. He joined the company in 1998 as a legal in-house counsel and from there, he became secretary of the Board of Directors. He also served in the company as an Executive Vice President and Chief Legal Officer. The main of the company currently under Moore’s leadership to the transition of the solutions provided the company to the cloud. Moore holds a degree in Economics from Georgetown University.

Annasha

Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more

Aspen Technology- A Global Leader That Has Given Process Modeling And Optimization A New Direction.

Aspen Technology was formed in 1981 and its headquarters are currently based in Massachusetts, US. The company is mainly popular as AspenTech and it is famous all across the world for creating exceptionally good process modeling and optimization software. The demand for this type of software is high in several industries, especially where a lot of data is available but there are no first principle-based phenomenological models to use these data. The software of AspenTech helps several industries to model and do predictive analysis before installing heavy machinery or starting a production process physically. AspenTech has expanded its business across all the continents in the world except Antarctica.

About Aspen Technology

Aspen Technology has been thriving for the last four decades in the process industries. The products and services of the company are exclusively helpful for the chemical and mechanical industries where mechanical design is a very crucial part. Many educational institutions also buy software from Aspen to train students before jumping into a professional career. The company has more than 1,700 employees who are working from 30 locations across the globe. The main target of AspenTech is to maximize the efficiency of the companies, minimize waste generation with the help of optimization software, and deliver high returns over assets.

In the last four decades, ApenTech has also applied AI and ML to develop its software so that it can work more efficiently with data analytics. Recently, it has also expanded its services to offer software for industrial AI to achieve sustainability goals. The company has also established a partnership with Numaligarh Refinery Limited Partners such that the latter can achieve operational excellence. AspenTech has also received several awards like the Green Supply Chain Award, Best Modeling Technology, FIPI Digital Technology Provider of the Year, and many more.

History

AspenTech was founded as a result of a joint research project between MIT and the US Department of Energy. The latter granted the chemical engineers of MIT to go ahead with this research for innovation in the process industries. After a year AspenTech was formed, the company released its first product, Aspen Plus, and that today has become the number one software for chemical engineers for process modeling. Refineries are a very major part of the chemical industries and Aspen released the first planning software for refineries, Aspen PIMS in 1984. Ten years later the company filed its IPO and became a publicly-traded company listed on the Nasdaq Stock Market.

Aspen started acquiring other companies by the end of the 1990s and made a series of acquisitions (more than 25 good companies) to expand its horizon especially in making optimization software for various industries. In 2004, the company decided to release an integrated product suite, aspenONE that can be used across various sectors from engineering to supply chain processes. In 2006, the company established a new R&D center in Shanghai, China. 2009 was a big year for the company as it successfully launched the integrated suite aspenONE in nine different languages including Japanese, Portuguese, Russian, Spanish, Korean, Chinese, German, Italian, and French.

Success

With the expansion of the AspenTech market geographically, it started focusing on developing a product for companies of every size. So, in 2012 the company launched the aspenONE Desktop package so that the small and medium-sized companies can also use the software that is used by big multinational companies. In 2014, AspenTech was featured in Forbes as one of the World’s Most Innovative Growth Companies. To develop more AI-driven products, AspenTech acquired two companies, Mnubo and Sabisu in 2019. The company is currently researching to deliver products for a self-optimizing plant.

Antonio Pietri – CEO of Aspen Technology

Antonio Pietri is the CEO of AspenTech who joined the company in 1996 with the acquisition of Setpoint Inc. In 2002, he became the Vice President of Business Consulting in AspenTech followed by the Managing Director of the Asia-Pacific region. He became the CEO of the company in 2013. Pietri studied Chemical Engineering at the University of Tulsa followed by an MBA from the University of Houston.

Annasha

Endava – Multinational Software Development Company Named After Two Companies Merged In 2000.

Leave a Comment / Story, Tech Story / By Annasha

Endava is a multinational software development company that emerged in 2000. It was formed as a result of a merger between two companies, Concise and Compudava. Endava mainly operates in various European countries and Latin America. The client offices of the company are located in Western Europe and North America whereas the delivery offices are located in Eastern Europe and Latin America. The headquarters of the company is based in London, UK. Endava offers ample solutions to its clients and some of them are user interface design, strategy consulting, Internet of Things, agile software development, and various automation solutions.

About Endava

Endava was established with the main goal to redefine the relationship between people and technology. The company offers its solutions to a vast field of companies including financial services, telecommunications, healthcare sector, retail, etc. Endava fuels the digital transformation for its clients and also accelerates the performance of the dynamic digital platforms. Endava currently has more than 10,000 employees at various locations of the world such as Australia, Denmark, Germany, Netherlands, Singapore, etc. Though the company’s major delivery offices and close-to-client offices are located in Europe and America, they have also extended the market to various Asian countries.

Endava’s recent spotlight is on the project APAC, that is, remaining digital across the Asia Pacific. Endava’s growth in the Asian and Australian markets started a bit late as compared to the European and American markets. The company is also working in association with other companies like Santander, Citizen, pollinate, etc. Endava has also formed Endava Private Equity Group from a merger with Intuitus Advisory. This body was formed particularly to offer digital advice throughout the entire investment life cycle.

History of the Company

In 2000, Endava was formed in Chișinău, Moldova. After the two companies merged, the joint company was named Endava Group. The company has made several accomplishments in the past two decades. It has also made several acquisitions to broaden the market and acquired different client profiles. In mid-2015, Endava acquired a Serbia-based company called Power Symbol Technology. Later that year, It also acquired a company called Nickel Fish Design, an agency for UX and design. In 2016, the company acquired Integrated Systems Development Corporation which had an existing market in Netherlands, Bulgaria, and Romania. This acquisition broadened the client base of the company.

A few years ago Endava acquired Velocity Partners, a company headquartered in the US, and delivery offices in Latin America. It was mainly an agile software solution provider. In 2018, Endava established a partnership with Bain & Company. And in the same year, it also filed an IPO and started trading in the New York Stock Exchange. The company also became a principal partner in the FinTech Alliance, which was launched by the UK government. In 2019, the company decided to open two new marketplaces in different regions of Romania. Last year, Endava acquired a Brooklyn-based company called FIVE which is a design and marketing agency. It recently acquired another company called Levvel LLC. Endava has also recently announced that it is targeting to achieve net-zero emissions as an organization.

Awards & Recognitions

In 2010, Endava was featured in Deloitte Technology Fast 500 EMEA and also in the list of 500 fastest-growing companies in EMEA. In 2011, It became one of the top 50 European Growth Companies and in the same year, the CEO of Endava, John Cotterell was was selected as the Ernst & Young Entrepreneur of the Year. It also received Digital Impact Awards for the “Best use of mobile and portable devices.” The company was named as one of the top 100 digital agencies across the globe by Econsultancy in 2013. The Romanian market of the company is very strong and it won the “Brand of the Year” award in Romania for two consecutive years.

John Cotterell – CEO

John Cotterell founded Concise in 2000 which merged with Compudava to form Endava. So, he is a part of a company from the very beginning and made it a very successful and impactful business. He started his career in the computer service industry with Capgemini and currently, he has more than 30 years of industry experience.

Annasha

Temenos AG – Enterprise Software Used By The Topmost Banks In The World.

Leave a Comment / Story, Tech Story / By Annasha

Temenos AG is a European company that offers enterprise software especially to banks and other financial organizations. The company was founded in 1993 as Temenos Systems and today it offers its services to more than 145 countries around the world. Temenos AG witnesses daily transactions of more than 1.2 billion people using the technology of the company. Currently, 41 out of 50 top most banks of the world are clients of Temenos. From multinational corporate banks to small community banks, Temenos AG offers software across a wide range of demographics. The headquarter’s of the company is based in Geneva, Switzerland and the present CEO of the company is Max Chuard.

About Temenos AG

Founded in 1993, Temenos became a publicly-traded company in 2001 as it got listed on the Swiss Stock Exchange. Apart from the company’s headquarters, Temenos has more than 67 offices in various countries and the total number of employees is approximately 7,500. Temenos has also received several awards and featured in various popular magazines. In the IBS League Table (2017-2021) Temenos was the number one best-selling digital banking system. Temenos is one of the fourth largest European software companies.

There are more than 3,000 firms across the globe that uses Temenos’s banking software for daily transactions every day. The solutions and products offered by Temenos include core banking, payments, fund management, digital banking, wealth management applications, etc. The company has got every aspect of monetary need covered when it comes to smooth user experience and reliable applications. Though most of the banking companies don’t invest rigorously in R&D, Temenos 20% of the revenue into their R&D sector to focus more on renovation. Around 30% of the world’s banking population uses Temenos for any banking purposes.

History and Acquisitions

The baking project behind Temenos was started a few years before it was officially launched. A group of banking experts and technical researchers started developing a successful banking platform in the late 1980s. And, it was in 1993 that George Koukis and Kim Goodall acquired the rights to GLOBUS, the newly designed banking platform, and changed the name of the company to Temenos. The name of the company was taken from a reference lecture on money that was given by Hans Wolfgang Frick and Temenos Academy. Temenos became public in 2001 and right after going public, it made a big acquisition by purchasing a mainframe core banking software. The application it acquired was originally made by IBM and now it is sold as a part of Temenos Core banking.

Temenos launched the T24 banking package in 2003 with a more improved banking technology platform. To build the T24 package, the company required three long years of effort and also invested more than $24 million. After acquiring the banking application from IBM, the company made a major acquisition in 2007 when it acquired a German company called Actis.BSP. In 2008, Temenos acquired two UK-based companies, namely, Financial Objects Ltd and Lydian Associates Ltd. In 2009, it acquired a French company called Viveo and FE mobile, a UK-based company in 2010. After a few years, Temenos also started investing in the American market as it acquired Trinovus and Akcelerant, two US-based companies in 2013 and 2015 respectively. It has also acquired a couple of Indian companies to expand its territories in Asia. Recently, Tatra Banka, Slovakia’s largest mutual fund company chose Temenos Multifonds.

Max Chuard – CEO of Temenos AG

Max Chuard is serving as the CEO of Temenos since 2019. He joined the company a long time back in 2002 as the Director of Corporate Finance and Investor Relations and then got promoted to Chief Financial Officer in 2012. Before joining Temenos, Max worked at Investment Baking Boutique and JPMorgan Chase & Co. Max Chuard went to the University of Lausanne and holds a master’s degree in finance.

Annasha

Meta – A Company That Has Got Half The Population Scrolling Down Their Mobile Phones.

Leave a Comment / Story, Tech Story / By Annasha

Meta is most commonly known as Facebook Inc as it hasn’t been a year since the company was rebranded. It is one of the world’s largest technology companies apart from Google, Amazon, Apple, and Microsoft. By the end of 2021, Mark Zuckerberg announced the change of the name to Meta as it also reflects the focus of the company to building the metaverse. Facebook Inc (now Meta) was founded in 2004, and it is the parent company of Facebook, Instagram, Whatsapp, and many other subsidiaries. So, the company is mostly dominating the entire social media industry in most parts of the globe apart from countries where it is blocked.

About Meta

The brains behind founding Meta are Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Meta’s headquarters are located in Menlo Park, California, US and there are more than 70,000 employees working for the company from various parts of the world. Apart from billions of active users of social media, Meta earns a good portion of its revenue from advertisement postings. One of the early and largest acquisitions by Meta was in 2012 when it bought Instagram. Meta has also acquired companies like Giphy, Mapillary, Oculus, and owns a 9.99% stake in Jio Platforms.

History of Facebook

Facebook was launched during a time when the internet eventually became famous and it was coming closer to common people in terms of availability. A social media platform for chatting, posting pictures, etc sounded very new and thus exciting, especially for the younger population. In 2012, when Mark Zuckerberg decided to file an IPO, the Facebook platform was already receiving billions of likes and comments. After Facebook becomes public, Zuckerberg was to retain 22% ownership of the company and 57% of the voting shares. So, when Facebook became a public company it was valued at $104 billion. The IPO raised for Facebook was one of the largest in the history of the US economy.

But, a massive company like Facebook that had to increase the number of shares offered due to high public demand, caught everyone’s attention. So, the regulators from Wall Street decided to investigate if there has been any leaking of information to selected clients rather than the general public. There were several accusations leading to the filing of several lawsuits some retail investors losing millions over this fury. Facebook became a part of the S&P 500 index in 2013. In 2014, the company decided to change its motto to “Move fast with stable infrastructure” from “Move fast and break things.”

Acquisitions

Facebook has acquired several companies which the company calls “talent acquisitions”. After acquiring Instagram which was one of the first acquisitions of the company, it acquired Onavo, an Israeli company in 2013. In 2014, Facebook showed its interest in buying Whatsapp for $19 billion and later that year also acquired Oculus VR for $2.3 billion. Facebook wanted to create its own stable coin cryptocurrency hence it founded Libra Networks in 2019. Meta has also mentioned that Libra is backed up by companies like Visa, PayPal, Uber, and Mastercard. In 2019, Meta acquired the game developer Beat Games and then next year announced about the 10 percent (approximate) stake acquisition of Jio Platforms, digital media of Reliance Industries. In 2020, Meta also announced the acquisition of Giphy for $400 million.

About Mark Zuckerberg

Mark Zuckerberg is one of the most famous tech entrepreneurs across the globe. He started writing software from an early age (when he was in middle school) and his dad also taught him basic programming. Zuckerberg went to Harvard and he was already famous as a programming prodigy. He started writing the code for a website early in 2004 and after one month he launched the website, “Thefacebook.” Eventually, he dropped out of college to carry on with his project. In 2017, he received an honorary degree from Harvard. Zuckerberg is currently the CEO of Meta Platforms.

Annasha

Wipro – India’s One Of The Largest Multinational Conglomerates Founded During The British Period.

Leave a Comment / Story, Tech Story / By Annasha

Wipro, founded in 1945, is one of the largest employers in India. It is a multinational company that was featured in Forbes Global 2000 list as well as Fortune India 500 list. It has more than 230,000 employees and has customers around the globe. Only one year after establishing the company, it was taken public in 1946 and was listed on the Bombay Stock Exchange and National Stock Exchange of India. Azim Premji, an Indian businessman, and engineer is the main brain behind the company. The current CEO of the company is Thierry Delaporte.

About Wipro

Wipro, though started out as a company for manufacturing vegetable and refined oil, has expanded to many other sectors in the last seven decades. It has launched health care, personal care, lightning products, etc, and offers services such as consulting and outsourcing. Wipro has also been a recipient of many prestigious awards and honors. In 2010, Wipro was given the Microsoft Country Partner of the Year Award for India. After a couple of years, it also ranked 2nd in the list of Global 500 Green companies by Newsweek. Subsidiaries of Wipro are Appirio, Topcoder, Capco, and Designit.

Founding Days

Mohamed Premji incorporated Wipro in Alamner, India as Western Inia Products. Later, the company’s name was abbreviated to Wipro. The company initially became a manufacturer of various kinds of cooking and edible oil under the trade names of Kisan, Camel, and Sunflower. The company was slowly growing and it was in 1966 that Mohamed Premji passed away giving the reigns to his son, Azim Premji. He became the Chairman of the company only at the age of 21. It was under Azim Premji’s leadership and guidance that took Wipro into the IT industry, for what it is famous today. It was during the 1970s that Company gradually started finding opportunities in the IT and computing industry. So, in 1977 the company’s name was changed from Western India Vegetables Products Limited to Wipro Products Limited.

After the IT industry, Wipro also expanded its product line by introducing beauty products, hydraulic cylinders, and industrial cylinders. In 1989, the company started a partnership with General Electric for expanding into the healthcare sector by manufacturing diagnostic and imaging products. The company also launched its fluid power division and toiletries product line for babies. In 1995, the company also set up an overseas design center for international clients. By the end of the decade, the company acquired Wipro Acer and introduced new products like Wipro SuperGenius personal computers. The company also started offering internet services in India after starting a joint venture with a Dutch company. In 2000, Company got listed on New York Stock Exchange.

Expansion and Success

The next decade started with a huge success as Wipro became the first software company in India to be ISO 14001 certified. Wipro started a new product line of CFL under the brand name Wipro Smartlite. The company also partnered with Intel for i-Siksha. Wipro also started acquiring several companies starting with cMango Inc in 2006, Oki Techno Centre Singapore Pte Ltd (OTCS) in 2007, and establishing an R&D partnership with Nokia Siemens Network.

In 2008, the company entered into the clean energy business and acquired the global oil and gas division of SAIC. Some of the other companies that Wipro acquired in the following years are Promax Applications Group, Appirio, Rational Interaction, Capco, etc. Recently, Company has also partnered with IBM software systems to launch its 5G solutions. It also expanded its business to Bangladesh a few years ago and extensively invested in the European market.

About Azim Premji

Azim Premji is the founder chairman of Wipro who took responsibility for the business after his father passed away. He was born in a Gujarati Muslim family in Bombay. Azim Premji completed his graduation from Standford University and returned back to India immediately and started working for the company. In 2005, he received Padma Bhushan for his contribution to trade and commerce.

Annasha

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