Yashica Vashishtha, Author at Your Tech Story

Zensar Technologies started as a manufacturing unit of a British original equipment firm in 1922.

IT industry is the leading one among all, and we need to admit that it has become quite impossible to work without using computer software, independent of the nature of the work. The raised demand for software and other IT services has also increased the number of companies that are available 24*7 for providing those software development services to those companies. Zensar Technologies is one of the leading IT service providers of India, which is not only offering various software products and digital engineering to Indian companies but also different enterprises across the globe. In the past thirty years, the company has expanded to over twenty countries on all the continents.
The software services from Zensar Technologies include experience design and engineering, digital engineering, application transformation, data engineering, Oracle services, SalesForce services, digital infrastructure, digital security, etc. The major service areas for the company are Hi-tech and manufacturing, Banking and financial services, Insurance Retail, and consumer services.

About the Company

Zensar Technologies is a 30 years old Indian software company. It is a publically held company and trades on the Bombay Stock Exchange as well as the National Stock Exchange of India. The company headquarters is based in Pune, India, and it is a subsidiary company of the RPG Group. It handles the software development wing for the latter. The company services include digital supply chain, artificial intelligence, cloud infrastructure, data management, enterprise applications, etc. Before becoming Zensar Technologies, it was known as International Computers Limited India, with a history as old as 1922. Today, over 10,000 people are working for Zensar, and as per 2021 records, the company made annual revenues worth US$494.0 million.

Founding Zensar Technologies

Zensar Technologies started its software development journey in 1991, as International Computers Limited (ICIL). The company history dates back to 1922 when it was just a manufacturing unit of a British original equipment manufacturing firm. In later years, the unit became ICIM (International Computers Indian Manufacture), and in 1963, it went public on the Bombay Stock Exchange. ICIM started to focus more on software starting from 1991 and closed its hardware manufacturing unit by 1999.
In 2001, ICIM received its new name, Zensar Technologies, with most of its shares being held by the RPG Group. As Zensar, the company began to provide application management services to its clients. In the following years, the company started its growth through multiple acquisitions. It acquired companies including OBT global (2005), ThoughtDigital (2007), Akibia Inc (2010), EZA (2013), Professional Access Inc (2014), Foolproof, Inc. (2016), Keystone Logic (2017), Indigo Slate(2018), Cynosure INC (2018), M3bi (2021), etc.
In 2012, about 11000 people were working for Zensar, and it started to serve globally. In fact, by 2018, Zensar had opened offices in 20 different countries in North America, the UK, various parts of Europe and South Africa. The innovative work of Zensar Technologies has won many recognitions for it, including Niche Player 2019 for managed mobility services by Gartner Magic Quadrant and BIG Innovation Award for Technology in 2021.

The CEO/Founder at Zensar Technologies

Ajay S. Bhutoria is the current CEO and the Managing Director at Zensar Technologies. Bhutoria has more than 30 years of work experience and has worked at various well-established companies on all the continents.
Bhutoria happens to be a Charted Accountant by qualification but started his career as a Solution Architect at Software Research Centre Ltd., ICAI. Later he joined TCS (Netherlands) and worked for ten years in various positions at the company. In 2002, Bhutoria switched to Cognizant and became the Global Head of Retail, Consumer Goods, Travel & Hospitality at the company. He also became the Chief Executive at L&T in 2019 and remained so for ten months. In January 2021, Bhutoria became the CEO and MD of Zensar Technologies and held the Princeton, New Jersey, United States office of the company.

Yashica Vashishtha

Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.

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Sapiens International Corporation, the company making software for the insurance industry since 1982.

The rising popularity of the internet and the emergence of the cloud has made it necessary for every sort of industry to have dedicated software that would ease out the daily work for them. Industries from healthcare, aviation to hospitality to education, etc., each are using information technology in one or the other way. Some are merging AI to their daily operations, whereas, others are paying for special software products for performing special tasks in the company. This is the same case with the insurance industry too. The industry is also is operating through some major software and online platforms made by some leading software companies like Sapiens International Corporation.

About the Company

Sapiens International Corporation is a forty years old company. It is a computer software company, with its headquarters based in Holon, Israel. Insurers and brokers are the company’s major clients, who cover insurance on property, Casualty, pension as well as worker compensation.
Tsvi Misinai, Tuvi Orbach, and Shai Sole founded Sapiens in 1982, and since then, the company has gone through a lot of positive changes adding to its growth. With over 4000 people working for the company, it has operating income worth US$ 45.03 million (as per 2020 records) and had generated revenues worth US$ 382 million in FY20. Sapiens International Corporation has its clients based in all corners of the world, and it operates through its subsidiaries, i.e., Sapiens America, Sapiens North America, Sapiens Technologies, Sapiens (UK) Limited, Sapiens Japan Co, and Sapiens Israel Software, etc. The company trades as a public company on Nasdaq as SPNS and on Tel Aviv Stock Exchange as SPNS.

The Founding of Sapiens International

Sapiens International Corporation was founded by three members of a team working on a project to build a novel object-oriented application generator in partnership with Advanced Automated Applications (AAA). These founders included Tsvi Misinai, Tuvi Orbach, and Shai Sole, Tuvi Orbach being the founder of AAA. AAA also got merged into the newly built company during its founding. Though the company was founded in 1982, the founders adopted the name Sapiens in 1984.
In the next ten years, Sapiens had grown to 900 workers and 33 different branches established all over the globe. The company also started to trade publically on NASDAQ in 1992. With the rising popularity of the internet, Sapiens also started to merge technology with its services. It developed the business rules technology (eMerge) in the late 90s. By this time, Sapiens’ revenues had reached $91 million.
The year 2001 was the year of new beginnings for Sapiens, as it started to develop new software products for the insurance industry. The company also made some major acquisitions to have speedy growth. These acquisitions included Harcase (2010), IBEXI Solutions (2015), Insseco (2015), Maximum Processing (2016), StoneRiver, Inc. (2017), Calculo (2019), sum.cumo GmbH (2019), Tia Technologies (2020), etc.
Life Insurance, P&C, Decision Management, Workers’ Compensation, Financial & Compliance, Reinsurance, Medical Professional Liability, Digital Insurance Modules, etc., are the major software products from Sapiens.

The Founders

Tsvi Misinai is one of the three founders and the main brains behind Sapiens International Corporation. He is a well-known Israeli computer scientist and entrepreneur. Misinai was born on 15 April 1946 in Jerusalem, the British Mandate of Palestine. He is a Physics graduate and the first Israeli Rothschild Award for industrial development in the field of software recipient (1992).
During the 70s, he was working for Weizmann Institute of Science, a public research university in Rehovot. Misinai was the project head for the novel object-oriented application generator development program at the institution. He left the institute in the late 80s to founding Sapiens in 1982. The founders included one of the team members at the institute, Shai Sole, and the AAA owner, Tuvi Orbach. With the founding of Sapiens, he became the President of the newly founded company and remained so till 1994.

Yashica Vashishtha

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Avaya, the world’s number one contact centre and unified communication service provider.

Leave a Comment / Story, Tech Story / By Yashica Vashishtha

Businesses are based on communication and establishing relations. Thanks to the companies that are building tools to make online communication easy through their online communication platforms. In times of pandemic, people are able to maintain their business relations and control their work using the internet and these software products. The work-from-home culture is only possible because of the internet connection and the various software that companies are using to communicate with their clients and employees. The most used communication software is from Avaya, an American technology company that specializes in developing unified communication software and service.

About Avaya

Avaya is an over twenty years old technology and software company. The company headquarters is based in Durham, North Carolina, and it basically develops communication software for its clients. The company is publically held and trades on New York Stock Exchange with ticker AVYA. Avaya is a multinational company and has offices in 190 countries. The company is home to 7900 employees. As per the 2020 data, Company made revenues worth US$2.9 billion for the financial year 2020, and it registered US$706 million as its operating income for the financial year 2019. The company’s most popular product is the Avaya OneCloud, which offers UCaaS (unified communications), CCaaS (contact centre), and CPasS services to the customers in one place. The company has also registered over 4000 patents in the same industry under its name.
Avaya is the world’s number one contact centre and unified communication service provider. Apple, AT&T, Comcast, Dell, Standard Chartered Bank, Liberty Mutual Insurance, Disney, Walmart, Lloyds Banking Group, Michigan State University, U.S. House of Representatives, etc. are some of the major and permanent clients that Avaya serve. For its new software products, the company has started to merge AI with them. It has also partnered with companies like Google and Amazon to make the platforms more user-friendly and up-to-date for consumers.

The Back Story

Avaya is the result of a spin-off that occurred in 1995. AT&T had a spun-off, and Lucent Technologies was born. The latter then had a restructure and further divided its operations, and one of the spun off from Lucent was Avaya. Avaya was formed in 2000, a publically traded company. The company stayed independent for seven long years, and in October 2007, two partners, TPG Capital and Silver Lake Partners, acquired Avaya for $8.2 billion, and it became a private company.
But in the next few years, Company faced a lot of losses, and in 2017, it decided to become independent and again went public on NYSE. The going public helped the company get back on its foot and experiment with new technologies, resulting in new software launches and more customer reach.
In twenty years of career, Avaya also made some strategic acquisitions that aided the company’s growth. These acquisitions included names like VISTA Information Technologies, VPNet Technologies, Tenovis, Traverse Networks, Sipera, Aurix, Quintus, NimCat Networks, Esnatech, etc. In October 2019, Company launched its most revolutionary product, Avaya Cloud Office, unified communications as a service solution.

The CEO and President at Avaya

Jim Chirico is the current CEO at Avaya. He has got a BS, Marketing degree from Providence College. Chirico has been in the technology industry for more than thirty years. At the beginning of his career, Chirico worked for IBM in various positions. In 1998, he joined Seagate Technology as the Vice President of the Global Operations, Development, and Manufacturing. Chirico started working at Avaya as the COO and Global Sales Leader in 2008. In 2017, he was appointed as the President and the CEO of Avaya.

Yashica Vashishtha

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Playtech, 22 years Old Online Casino Gaming Software Company.

Leave a Comment / Story, Tech Story / By Yashica Vashishtha

The video game industry has been one of the largest industries out there. In the past few decades, the industry has seen steady but fast growth, and the craze for these games has only risen. One of the popular wings of video games is the casino games that now have become online too. Companies like Playtech are making innovative casino games and providing people with the ease of accessing them online. The company makes a variety of casino games that include online casino games, poker room games, online bingo games, and scratch games, etc. Playtech is a 22 years old company that is one of the leading groups of its industry.

About the Company

Teddy Sagi founded Playtech in 1999 in Tartu, Estonia. Today the company has its headquarters based in Douglas, Isle of Man, and it trades as a public company on London Stock Exchange with ticker PTEC. Playtech is known for making online casino and poker games. Apart from these, it has also developed online bingo games, sports betting games, mobile games, arcade games as well as software related to these games.
The steady growth of the company has given Playtech the name of one of the leading international designers and developers of the digital gaming industry. As of 2020 records, the company made revenues worth 1,078.5 million, with 297.4 million net income. Playtech is operational in over 24 countries, and over 6500 people are working for it. The company has got 170 global licenses for its work.

Founding Playtech

Teddy Sagi, an Israeli entrepreneur, founded Playtech in 1999 in Tartu, Estonia. People from three industries, i.e., Casino, Software, and Multimedia, came together to form the company, and in 2001, it launched its first product, a casino game. With the launch of its first product only, the company was able to attract customers like William Hill, Ladbrokes, Bet365, etc. In fact, some of the government agencies also gave Playtech some contracts. The company founded iPoker in 2004, which later became the largest poker network in the world.
With the successful beginning, only in six years, in 2006, Playtech valued at approximately US$950 million in the AIM market. The same year, the company acquired Video bet and launched Bingo Broadway. Playtech also established a development center in Bulgaria. By 2010, the company had reached the UK, Spain, and Italy. It also acquired Virtue Fusion, a bingo platform in 2010, and in 2013, the company acquired one of the largest poker communities, PokerStrategy.com. In the further years, the company made acquisitions like Aristocrat Lotteries (2014), YoYo Games (2015), Quickspin (2016), Best Gaming Technology (2016), BetBuddy (2017), etc. The acquisitions helped the company grow even faster and add more products for its customers.
Playtech went public on London Stock Exchange in 2012. In 2014, The company launched its first multi-channel product named Coral Connect, which gained around 160,000 players just in one year. Playtech also opened a new branch in Romania in 2017. The same year, it partnered with Warner Bros to develop slots based on the films like Batman vs Superman and Suicide Squad, etc. In 2018, the company integrated machine learning into its platform to prevent fraudulent attacks. Playtech debuted in the online gambling market through Bet365.

The CEO at Playtech

Mor Weizer is the current CEO of Playtech. He was appointed to the post of CEO in May 2007. Before that, he has worked at various prominent positions at many big names companies. Mor started his career at PricewaterhouseCoopers as an accountant and Financial Consultant. Later, he became a software specialist at Oracle. Mor has also worked as the CEO of Techplay Marketing Ltd, which is the subsidiary company of Playtech.

Yashica Vashishtha

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Altus Group, a software company making ease for the real estate industry.

Leave a Comment / Story, Tech Story / By Yashica Vashishtha

Software is everywhere today, and we are getting quite habitual of doing most of the important daily works using this software. Companies from almost every industry have raised above the physical ledgers and have started to save and process their data on computers using specialized software. Developers have also taken advantage of this opportunity, and we see new sorts of software coming into the market almost every day. Altus Group is one such company that has made it big in the industry by providing similar software for real estate. Yes, there is software customized for easing out the jobs for the real estate industry too. Altus Group is a resultant group that came out of a merger between three famous real estate consulting companies, and today, it has made it big in the industry by building innovative software for the same industry.

About Altus Group

In 2005, three real estate consulting companies came together to merge and make Altus Group. In the beginning, the company offered the same old consultancy services to people, but eventually, it established its base as a software company as well. The company is only about 16 years old, but with its experienced past, it was able to make big in the industry through its two business segments, i.e., Atlus Analytics and Commercial Real Estate Consulting. Altus Group is a publically held company and trades on Toronto Stock Exchange with ticker AIF. The company headquarters is located in Toronto, Ontario, Canada, and about 2200 people are working for it. As per the latest records, Altus Group made revenues worth C$567 million for the last financial year (2020). The company has its clients based in North America, Europe, and the Asia Pacific.

Establishment of the Company

Gary Yeoman, a Canadian consultant, came together with two other major Canada-based real estate consultancy companies to build Altus Group. Along with its inception, the company went public on the Toronto Stock Exchange, and Yeoman became the first CEO of the newly founded company. In 2006, the company also entered the land surveying industry by opening a branch in Western Canada.
The real reason behind the growth of the company in such a small period was the strategic expansion it did through acquisitions. In 2007, Altus Group acquired Edwin Hill, and in 2009 it acquired Page Kirkland 2009, followed by the acquisitions of Brazos Tax in 2010, Complex Property Advisors in 2013, SC&H Group’s State & Local Tax Practice in 2014. The journey of the company as a software developer began with the acquisition of PricewaterhouseCoopers’s valuation management practice in 2010 and ARGUS Software in 2011. Altus started to trade for its software with the business name ARGUS.
In 2019, Altus as ARGUS launched the cloud-based version of ARGUS Enterprise product, one of the most popular products by the company. Currently, the company is focusing more on data, analytics, and technology solution. Altus made its latest acquisition was in November 2021, where it purchased an American real estate data company Reonomy.

The CEO at Altus Group

Mike Gordon is the current CEO of Altus Group. He is a Northwestern University Alumn, where he received a BS in Industrial Engineering. Gordon has also got an MBA in Finance and Business Economics from the University of Chicago. After working for a few companies at the start of his career, Gordon became the Vice President at Capgemini in 2001. Then he joined FICO and held different positions in a period of 9 years. In November 2014, Gordon switched to Callcredit Information Group and became the group CEO. He left the company to become the Chairman and Board Member at Hometrack. He has also served Fintech and Constructionline as the non-Executive Director. In September 2020, Gordon joined Altus Group and became the CEO of the company.

Yashica Vashishtha

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Sumo Logic, Helping companies to get real-time insight into data.

Leave a Comment / Story, Tech Story / By Yashica Vashishtha

Data is the most important asset today, and it has become essential for every company to safeguard their company as well as client data from any external threat. The maintenance process for data has generated new long queues for the company employees, and it has become quite difficult to properly maintain and analyze the data at the same time. For that, companies like Sumo Logic work and develop software that helps other companies to upkeep the data and analyze it in the most efficient way. The company is about ten years old has been doing great in the industry such that it has been able to bag contacts from big-name companies, like Google and Amazon.

About Sumo Logic

Sumo Logic is a software development company that mainly works to build log management and analytics software for companies, helping them to get real-time insight into data. Kumar Saurabh and Christian Beedgen founded Soft Logic in 2010. The company headquarters is based in Redwood City, California, USA. The company is into developing software based on IT operations, security analytics, cloud SIEM, data analytics, etc. It is a publically held company that trades on Nasdaq with ticker SUMO. As per the 2020 records, it made annual revenues worth $155 Million, and over 800 people are employed at Soft Logic.

The Back Story

Kumar Saurabh and Christian Beedgen, two of the developers of ArcSight, a cyber security software, founded Sumo Logic in April 2010. The company received its initial funding from names like Accel Partners, Sequoia Capital, Sapphire Ventures and Sutter Hill Ventures, etc. The company built its flagship product, a cloud-based elastic petabyte-scale platform that helps companies to collect, manage and analyze their enterprise log data in the most efficient way, saving on time and money. Being a cloud-based product, it provides access to data ion fingertips. In 2012, the company released another software, the Sumo Logic Free, deployed on AWS and Sumo Logic for VMware.
In a Series B round of funding held in January 2012, Sumo Logic raised $15 million, where it also unveiled a new cloud-based log management platform. In June 2015, the company had another, Series E round of funding, where it raised a sum of $160.5 million in venture capital. The next product of the company, a data analytic platform came in 2016, and in 2017, it introduced machine data analytics service. Then in 2018, the company partnered with Google Cloud Platform and also integrated its software with TensorFlow. The same year, it introduced cloud SIEM and added it to its machine data analytics platform. In May 2019, the company had its first IPO, and it went public on Nasdaq.
Sumo Logic has won some awards and recognitions as well. It was named among the ten Most Innovative Companies by RSA in 2012 and won the Audience Choice Awards for Performance Monitoring in the same year. Gartner named the company ‘Cool Vendor’ in 2014, and in 2019, Fortune added the company to its list of 50 Best Workplaces in Technology. Forbes named Sumo Logic one of the 100 Best Enterprise Security Products in the same year.

The CEO at Sumo Logic

Ramin Sayar is the residing CEO at Sumo Logic. He has got a graduate degree in B.A. from the University of California, Santa Barbara as well as an MBA from San Jose State University. For the past twenty-plus years, Sayar has worked at some prominent positions at various big-name companies. He has held the position of Product Line Marketing Manager at iPlanet and Netscape. He was the Director of Products and Solutions at TIBCO and the Senior Director of Products at Mercury Software. Sayar has also been the Vice President of Products and Strategy at HP Software. He joined VMware for five years leading the Cloud Management Business Unit of the company. After VMware, he joined Sumo Cloud in December 2014 and became the CEO of the company.

Yashica Vashishtha

Yashica Vashishtha

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