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Axway Software

Axway Software – An American IT Company That Originally Emerged As A Part Of A French Conglomerate.

Axway Software is an American IT company founded twenty years ago. It is a publicly-traded company with its headquarters based in Phoenix, Arizona, US. There are more than 1,800 employees in the company serving approximately 11,000 customers who are spread across 100 countries. Axway, apart from America, has offices in various parts of Europe (Lyon, Paris, Bulgaria, etc) and support centers in India. Since Axway was originally a part of a French software company, Sopra Steria, the company has another headquarter in Puteaux, Paris. Axway was spun-off from Sopra as a subsidiary in 2000. The company has come a long way from there as once from Europe it built a vast business in the lands of America.

About Axway Software

Axway Software is known for providing software tools for various applications. Some of them are enterprise software, business analytics, and activity monitoring, mobile application development, API management, etc. Last year, Axway Software was recognized as a Leader in the 2021 Gartner Magic Quadrant for Full Life Cycle API Management for the sixth time. Axway, in twenty years, has filed more than 100 patents in technology innovation.

In 2011, the company was listed in the Compartment B of Euronext Paris meaning it had market capitalization between €150 million and €1 billion. The company is also named a leader in the Forrester Wave for API Management Solutions Q3 2020. Though API offers several products, its Amplify API Management Platform is the main product and the company has received several recognitions for the same. Other products are Axway B2B Integration, Axway Managed File Transfer, and Specialized Products for supply chains and other purposes.

Axway Software
Image source: thalesgroup.com

Major Events in the History

Axway was officially incorporated as an individual company on December 28, 2000. The company was originally the software infrastructure division of Sopra, a French IT company. But, Sopra decided to spun-off the division as an individual entity (a subsidiary of the company). After the spin-off, Sopra used Axway Software as a means for expanding into the Enterprise Application Integration market. Right after Axway was incorporated it started to make multiple acquisitions from the early 2000s. In 2002, Axway acquired a Swedish company called Viewlocity.

The series of acquisitions continued and in January 2006 Axway acquired US company Cyclone Commerce after which a huge part of the executive management team and the operations moved to Phoenix. Next year in February, Axway acquired Atos’s B2B software business in Germany and Tumbleweed Communications, a US-based company in 2008. In 2011, Axway Software detached itself completed from the Sopra Group and was listed in the Paris Euronext. Some of the companies acquired in the next few years are Vordel, an Irish company, SCI Soluções, a Brazilian company, assets of Information Gateway in Australia, and a French company called Systar. The company went public in 2011 and since then both its annual revenue and profit have increased steadily. But, recently, the company’s growth hasn’t been very impressive and its stock has declined by 22% in the past few months.

In 2015, Christophe Fabre stepped down from the position of CEO of the company which he was holding from 2005. Axway acquired many more companies in the recent year starting with Appcelerator, a US-based mobile technology company whose main product is Titanium, an open-source platform for mobile app development. In 2017, Axway acquired another US company called Syncplicity, a company that develops solutions for sharing and synchronization of files. Though Axway Software operates as an independent entity, Sopra Steria acquired an 8.62% stake in the company in 2006.

Patrick Donovan – CEO of Axway Software

Patrick Donovan is the CEO of the company since 2018 and he replaced Jean-Marc Lazzari for the position. Before becoming the CEO of Axway Software, he served as the CFO of the same company. Donovan being an American citizen has spent several years in France which gave him a good idea about both the American and French scenario of Axway. Donovan mainly oversees the company’s financial and legal functions and has in-depth knowledge about the business model of Axway.

InterSystems

InterSystems – A Software Company that Houses high-Performing DBMS and Application Development.

In 1978, Philip Ragon founded InterSystems Corporation. It is a company established in the software sector and its headquarters is based in Cambridge, Massachusetts. InterSystems is better represented as a privately held vendor which provides a range of software systems and technologies.

The main products of the company are high-performance DBMS (database management system), rapid application development, and also healthcare information systems. In 2019, the annual revenue of the company was $727 million. InterSystems have several product lines based on the services it offers. For example, the product called HealthShare is a platform for healthcare informatics systems to securely access sensitive records.

History of InterSystems Corporation

Philip Ragon, a famous American entrepreneur founded InterSystems in 1978 and currently serves as the CEO of the company. When the company was founded, it was one of the original vendors that supplied to M-Technology Systems with a product called ISM. M-Technology which is also known as MUMPS is a high-performance product for managing hospital laboratory information systems. InterSystems was a very old vendor to MUMPS and in the following years, the company started acquiring several MUMPS implementations.

The acquisitions included buying DTM from Data Tree in 1993 and DSM from DIgital in 1995. The first two acquisitions triggered the expansion of InterSystems while the third acquisition of Micronetics in 1998 made InterSystems a very powerful company for M technology. As the company acquired a series of M technology implementations, it was time for InterSystems to launch something of their own.

InterSystems
Image source: www.intersystems.com

New Products

After the acquisitions, InterSystems rolled out a product called OpenM. This product represented an integration of technologies from the series of products they acquired till 1998. The company consolidated all the technologies into a single product and named it Cache. It was released in the late 1990s. The company made a kick start will releasing all the M-based products under its brand name. But, after consolidating the technologies, the company halted any further development in the M-based product lines. They continued to support the customers but their focus shifted to a different technology.

In 2003, InterSystems released an integration platform called Ensemble which marked the companies expansion to other technology areas. Seeing the potential in the demand for high-performance and secure technologies in the healthcare sector, it developed a product called HealthShare. This product was launched in 2006 and it is a platform for scalable healthcare informatics systems which is still existing in the market. In 2007, Company acquired a vendor of TrakCare called TrakHealth. The company used the technology of InterSystems to develop a modular healthcare information system.

After making significant progress in healthcare technology, the company invested some time in developing efficient DBMS. In 2011, InterSystems launched a new product called Globals. The product was built using the same technology as Cache and it was released as a free database based on the technology of multidimensional array storage. The same year, Company made a huge acquisition from the company Siemens as it acquired its Health Services business unit. In 2017, the company rolled out another lucrative product line called InterSystems Iris Data Platform which combined the DBMS capabilities with analytics and interoperability.

Philip Ragon – Founder of InterSystems Corporation

Philip Ragon became famous after he founded InterSystems Corporation, a company that houses several high-tech solutions for multiple business sectors. Philip is also very famous as a philanthropist who along with his wife pledged to donate half of their money to doing good for those in need. He is a member of the Harvard Medical School Board of Fellows as well a member of the MIT Corporation. Last year, Philip Ragon was featured in the Forbes 400 richest people in America list in which he ranked 378.