Software Company

Clearwater Analytics – Modern World’s Accounting Solution.

Clearwater Analytics is a fintech company based in Idaho, United States. The company was founded in 2004 and is currently led by Sandeep Sahai, the present CEO. Being one of the most trusted companies for advanced accounting solutions with investment data aggregation and much more to provide, the company has received several awards. The company’s primary customers are asset managers, big and small insurance companies, multinational corporations and banks, government bodies, and many other institutions. There are approximately 2,000 employees in this company who are working from offices situated in London, India, USA, and Scotland. The company has such a vast network that it reports more than $5.9 trillion in assets on a daily basis across thousands of accounts.

Story Of Clearwater Analytics

Back in 2004, Clearwater Analytics was founded by David Boren, Michael Boren, and Douglas Bates. Before founding this company, these three co-founders established Clearwater Advisors, an institutional fixed-income investment advisor. After this advisor body was established, the three of them eventually landed on the concept of Clearwater Analytics. After the company was established in 2004, it eventually started expanding both in terms of its client diversity as well as geography. Clearwater Analytics has multiple offices in Europe and a few years back decided to invest heavily in the Indian market. For the impressive solutions offered by the company, it has received the Innovative Company of the Year award in 2012 from the Idaho Innovation Awards.

By the end of 2013, the company entered into a partnership with Gardner Co. to help the company finance a nine-story building. The construction of this Clearwater building was completed after three years. In 2013, the company was also named Technology Firm of the Year by Captive Review. In 2019, the company received two awards in a row, Technology Firm of the Year at the Insurance Asset Management Awards and Best Software Solution at the UK & European Captive Review Awards, respectively. As the company has reported over $5.5 trillion in investment assets, it is clear that it has several high-profile clients. Some of them are J.P. Morgan Asset Management, Cisco, Oracle, and Facebook.

Entering The Indian Market

It was in 2019 that the company announced that it will enter the Indian market. Its plan was to invest $25 million in the next three years. The company made a plan to invest this amount in National Capital Region (NCR) by March 2020 and decided to bring 200 professionals on board. Currently, the company has its office in Noida, India.

Sandeep Sahai – CEO

Sandeep Sahai is the present CEO of the company and he is holding this position for the last four years. After Sandeep became the CEO of the company, Clearwater Analytics flourished in the targeted global markets and also expanded in its core industries. It is under his supervision that the company has ten offices presently across six different companies. Moreover, he also led Clearwater Analytics to its IPO in the fall of 2021. Now, it is a publicly-traded company under the ticker CWAN. Sandeep is an alumnus of IIT Varanasi and IIM Calcutta. Apart from playing his role in several executive positions in various global companies, he also founded a consulting firm called TechSpan. And, prior to joining Clearwater Analytics, he was the CEO of Headstrong.

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

Yokogawa Electric – Founded By The Renowned Architect Dr. Tamisuke Yokogawa.

The history of Yokogawa Electric dates back to 1915 when a renowned architect, Tamisuke Yokogawa formed the company. Today, Yokogawa Electric Corporation is a famous Japanese multinational business that specializes in electrical equipment and IT infrastructure. The company operates in 55 companies with more than 19,000 employees. It also has 84 subsidiaries and 3 affiliated companies.

Yokogawa Electric’s headquarters is based in Musashino, Tokyo, Japan. Hitoshi Nara is the current President and CEO of the company while Takashi Nishijima is the Chairman. Yokogawa Electric is a publicly-traded company listed on the Tokyo Stock Exchange. Some of the most famous products of the company are manufacturing execution systems, production control systems, test and measurement instruments, etc.

Founding The Company In 1915

The story of Yokogawa Electric began when Dr. Yokogawa established an electric meter research institute in Tokyo. This foundation was formed by Ichiro Yokogawa and Shin Aoki. After working for a couple of years to launch the company’s product, it became the first company in Japan to produce and sell electric meters. Initially focusing exclusively on electric meters, the company soon pioneered its development and officially incorporated the enterprise, Yokogawa Electric Works Ltd in 1920. After it has been almost a decade that the company was only producing electric meters, it decided to expand its product line. So, in 1933 Yokogawa Electric began the research for aircraft instruments and started its production. Some of the other instruments that were introduced are flow, temperature, and pressure controllers.

Yokogawa Electric Becoming A Public Company

A few years later, the scenario changed for every industry due to the war. After the war ended, Yokogawa decided to go public in 1948 and developed its first electronic recorders. After going public, the company not just expanded its product line but also decided to enter the international market. So, in 1955, the company signed an agreement with Foxboro, the USA for providing technical assistance in industrial types of equipment. After two years, the company established Yokogawa Electric Works, Inc as a North American sales office.

With the advent of a new decade, Yokogawa entered the industrial analyzer market fully prepped. So, in 1969, it started the development, manufacture, and sale of vortex flowmeters. As the company previously opened sales offices in the United States, but it was for the first time in the 1970s that it established a plant outside Japan. This manufacturing plant was established in Singapore in 1974 and with that established the business in the country (Yokogawa Electric Singapore Pte. Ltd.). The company also expanded to Europe as it opened a sales office there. During this time Yokogawa Electric became one of the first companies in the market to bring distributed process control systems.

In 1983, the company merged with Hokushin Electric Works and after the merger established Yokogawa Hokushin Electric Corp. After a few years, the company decided to expand to China and did it jointly with Xian Instruments Factory. In 1986, the company changed its name to Yokogawa Electric Corporation which is the current name of the company. By the end of the 1980s, the company entered the high-frequency measuring instrument business and in 1990 expanded to the Middle east. It also entered the biotechnology business during the same time.

Hitoshi Nara – CEO

Hitoshi Nara, the current CEO and President of the company joined it in 1985. Since then he has served at various levels starting with Deputy Managing Director of Yokogawa Engineering Asia in 2001, Managing Director of Yokogawa (Thailand in 2003), Senior Vice President of several business units, and so on. He became the CEO of the company in April 2019. He has been also elected as the Director of the company and serving in the position for ten years.

Annasha

Cognos – IBM Business Intelligence Performance Management Application.

Leave a Comment / Story, Tech Story / By Roshni Ankola

Cognos is an IBM business intelligence performance management application that enables technical and non-technical staff in any firm to analyze, extract, and generate interactive dashboards that help the company make important choices. The Cognos tool combines a number of products to allow for contact with a variety of third parties. SAPs, relational databases, and other systems are examples. Cognos is a business intelligence-gathering platform that offers a scalable and self-service analytical solution for company purposes. Because of its highly dynamic nature, it’s an excellent tool for building user-friendly dashboards and reports for any business.

About The Company

Cognos began as a consultancy firm in 1969, founded by Alan Rushforth and Peter Glenister, and eventually expanded into software sales. Cognos was acquired by IBM on January 31, 2008, and the software suite’s history was preserved. It originated as a consultancy firm for the Canadian government, and its first software product, QUIZ, was released in 1979. Cognos switched its concentration from consulting to software sales during the Canadian recession of the 1980s. In 1982, it changed its name to Cognos from Quasar Systems Limited. The word “cognos” is derived from the Latin word “cognosco,” which means “knowledge gained by personal experience.”

It’s a sophisticated business intelligence tool that can be used for data mining, data analysis, event monitoring, and metric visualization. It provides a powerful analytics medium for any firm to foresee market trends and take relevant steps ahead of time, allowing them to stay ahead of the competition. It’s a business intelligence application that lets you create interactive dashboards so you can make better business decisions by anticipating market developments. Almost every organization now employs Cognos for their analytical work, as making vital business decisions at the appropriate time is critical to surviving in today’s competitive market.

Cognos has made working for businesses and organizations a lot easier, and here are some of the ways it does so.

Artificial Intelligence and Machine Learning are used to fuel it, allowing it to generate future predictions and develop intelligent dashboards.
It employs pattern detection to uncover hidden patterns in data that would otherwise go unnoticed or unanticipated in regular situations.
Cognos’ ability to produce interactive dashboards in a variety of forms to meet corporate demands is one of its primary advantages. It allows stakeholders to study the charts in the way that they choose and aids in decision-making.
Natural language processing is a technique for extracting data from unstructured text and making intelligent predictions. Cognos uses AI that is powered by natural language to let people get intelligent answers to their questions.

Growth

With an estimated 8% wallet share in the BI and analytics software industry, it is one of the top three players. IBM Cognos Analytics continues to grow at a rapid pace, setting new standards for its competitors. Fortune 100 corporations prefer IBM Cognos, and it is used by some of the world’s most powerful organizations.

IBM Cognos has approximately 31400 clients in all major US regions, and BARC has dubbed it a market leader in integrated planning and analytics portfolios.

IBM Cognos provides significant capabilities for a variety of BI applications, including web-based OLAP analysis, structured reporting, ad-hoc reporting, and dashboards. IBM Cognos manages everything from data modeling and integration to exploration and visualization as an all-in-one platform. It’s an excellent solution for managing massive data volumes and supporting the needs of multiple users at the same time.

Rob Ashe- Ceo

Bridge Growth Partners’ Rob Ashe is an Executive Partner. He was the company’s previous President and Chief Executive Officer after joining in 1984. He was named President in 2002 and CEO in 2004, and he held both positions until IBM bought the company for $4.9 billion in 2007. After the acquisition, he worked at IBM as the General Manager of Business Analytics until 2012.

Mr. Ashe held many top executive positions at Cognos before becoming President and Chief Executive Officer, including Senior Vice President (“SVP”) of Application Development Tools, SVP of Products, SVP of Worldwide Customer Services, and Chief Corporate Officer, and Chief Financial Officer. He has served on Bridge Growth Partners LLC’s Technology Advisory Board. He has a Bachelor of Commerce in Accounting and an Honorary Doctorate from the University of Ottawa. Rob is a business visionary, a successful corporate leader, a community-minded influencer, and a proponent of higher education’s value and growth.

Roshni Ankola

I am a second-year student pursuing Liberal Arts from Nmims. I am a painter, I love reading and have a great interest in cooking. I am also a trained kickboxer. I’ve always had a passion for writing and hence in my free time, I work as a freelance writer.

PeopleSoft – Company Fulfilling The Evolving Corporate Expectations.

Leave a Comment / Story, Tech Story / By Roshni Ankola

PeopleSoft is a package of programs used by mid-sized to large businesses as a workforce management solution. PeopleSoft is a piece of software in the Oracle product range. It was originally meant to support finance and human resources, but it has since expanded to incorporate more tools and applications for broad business processes. Many different management components, such as materials, communications, and payroll management, are some of the uses that enterprises and corporations have for implementing software.

About The Company

Dave Duffield and Ken Morris launched PeopleSoft in 1987 to debut the application of their human resources. Their objective was to provide software to fulfill the evolving corporate expectations.

The corporation turned its focus to the internet in 1999. In addition, in 2000, the business developed PeopleSoft8, a web-based version of its software, as well as PeopleSoft e-centre, an in-house application service provider (ASP). Its web-based apps are designed to make system integration simple, allowing a company to link consumers, employees, and suppliers more cost-effectively. An organization can streamline processes since information is easily available by a wide range of personnel at any time and from any location, including mobile devices such as personal digital assistants (PDAs) and mobile phones.

Oracle owns the People Soft e-business software product line. The company began by providing human resources and financial applications. It has grown throughout time to include tools and applications for broad business operations like materials management, as well as solutions for specific industries such as automotive, communications, and higher education.

PeopleSoft currently offers users an integrated ERP software solution to help with the day-to-day execution of various business operations. Human resource departments in large corporations use PeopleSoft systems. Human resource management systems (HRMS), customer relationship management (CRM), finance and supply chain management (FSCM), and enterprise performance management are examples of these applications (EPM).

Oracle Cloud and PeopleSoft

Oracle Cloud provides access to PeopleSoft products. Users can access and deploy HCM, FSCM, and other business apps using Oracle’s Compute Cloud and the Oracle Cloud Marketplace.

Users can transfer data to virtual machines in the Oracle Compute Cloud using Deployment Framework and PeopleTools 8.55. PeopleSoft Development and Testing instances can also be migrated to the Oracle Compute Cloud. Users can also use custom data with PeopleSoft and build multinode PeopleSoft clusters on the Oracle Cloud.

The Merger

PeopleSoft and competitor JD Edwards combined in 2003. Prior to its merger with PeopleSoft, JD Edwards’ product lines, World and OneWorld, were aimed at midsize businesses that were too small to benefit fully from PeopleSoft’s applications. It was able to appropriately offer for these enterprises by merging with JD Edwards, thus expanding its customer base. PeopleSoft rebranded OneWorld as PeopleSoft Enterprise One later on.

Oracle paid $10.3 billion and acquired PeopleSoft in 2005, adding CRM software to its product range. Oracle cut off 5,000 employees shortly after acquiring the firm. People Soft Enterprise One became JD Edwards EnterpriseOne, and PeopleSoft World became JD Edwards World, as Oracle rebranded the previous JD Edwards product line.

David Duffield – Founder

David is a successful executive and visionary in the company management, government, and higher education software industries. David launched PeopleSoft in 1987 and served as its CEO and board chairman prior to joining Workday. Before being bought in 2005, The company had grown to become the world’s second-largest ERP application software firm. David also founded Integral Systems, Business Software, and Information Associates. The company went public in 1992 and was purchased by Larry Ellison’s Oracle for $10.3 billion in 2005. He started Workday in 2005, which offered cloud-based management software and other solutions. In 2012, the company went public and raised $637 million. Duffield stepped aside as CEO of Workday in 2014, but he remains chairman. He currently controls approximately 25% of Workday.

Roshni Ankola

Expensify – A Journey From Assisting Homeless Individuals To Building A Successful Startup.

Leave a Comment / Story, Tech Story / By Annasha

Expensify is one of the world’s most innovative companies (according to Fast Company, 2015) that was established in 2008. David Barrett is the founder and current CEO of the company. The headquarters of the company is based in California, United States. Expensify has approximately 144 members, according to December 2021. The major and widely used product launched by the company is an expense reporting application that is available both for Android and Apple devices. Expensify’s expense management software not only helps to track everyday expenses but also helps in creating receipts for online purchases which can be further used for reimbursement.

Founding History

The story of David Barrett and his successful entrepreneurial life starts back in 2008. It all started with a bleak hope and a doubtful mind to open the startup and after a decade it has become a successful US-based public company. Getting deeper into the backstory of Expensify, Barrett used to live in the Tenderloin neighborhood of San Francisco in 2008. Living in this neighborhood, Barrett came across his unhoused neighbors almost every day on the street. This got him thinking about several ways to help these people without giving direct cash. While thinking about an alternate solution, he came up with an idea of a debit card linked to the personal account of these people which would ensure that they could buy food and all be able to access various kinds of public services.

Pitching this idea was accompanied by several hiccups as most of the banks thought the idea was very strange and risky. David got turned down for funding wherever he pitched the idea initially. But Barrett was determined to found this company and hence the next time he pitched a low-risk idea to the bank for getting funding. This led to the development of Expensify, an expense report platform for both business and personal use.

Journey to Becoming Expensify

After having a clear idea about how he wanted to pitch a solution, Barrett finally came up with his card technology concept in 2008. He presented his idea at TechCrunch50 and named his solution as Expensify with a tagline, “The Corporate Card for the Masses!”. Initially, Barrett didn’t have any planning to open a startup but he realized that people actually loved the concept of expense reporting.

Eventually, David started working to establish Expensify properly and expand the team. In the next couple of years, David and his company launched the first receipt-scanning technology in the industry. This product was called SmartScan which allowed the user to take a photo of the receipt for automatic transcription. The name of Expensify’s platform spread like a wildfire in the initial years. Expense management is a very crucial task, especially for working individuals, so the new users of the platform increased at an exponential rate. As word-of-mouth spread, Expensify was able to raise much more funding (from $1 million in 2009 to $17 million in 2015). It also received several awards and recognitions like Tabby Award (2015), Forbes Cloud 100 (2016), Top 10 Free Mobiles Sales App by Inc Magazine (2014), and many more.

About the Founder

David Barrett is a famous American entrepreneur who is known for being the CEO and founder of Expensify. Barrett is an alumni of the University of Michigan and he studied software engineering. David was into programming from the early age of six. After he joined Michigan, he started working there in a virtual reality laboratory. After he graduated, he worked in the video game industry where he helped in developing 3D graphics. Before starting his company, Barrett worked at Red Swoosh, a peer-to-peer file-sharing company.

Annasha

WalkMe – The Pioneers Of The World’s First Digital Adoption Platform.

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

Building software from scratch is a very hectic job. But still, people need to make apps and add features to them based on their business models. But these days, with the availability of APIs and SDKs, the developers are able to add features to their apps. These APIs and SDKs reduce a lot of work for the developers and also help them add different types of features to their platforms. Another way to add required features to the apps and other software platforms is to use a Digital Adoption Platform. WalkMe is a company that develops a Digital Adoption Platform (DAP) with the same name as the company and has got the patent for the same, becoming the first company to develop such a product.

The platform is a code-free system, which helps the application owners to use software and feature adoption tools, and they also can access change management solutions for web, desktop, and desktop applications, etc., through the same DAP.

About the Company

Dan Adika, Rafael Sweary, Eyal Cohen, and Yuval Shalom Ozanna are the founders of WalkMe, a software-as-a-service company. The company was founded in 2011, and the headquarters have been established in San Francisco, California, U.S. The company offers its products under the category Digital Adoption Platform, such that the users can include required features for their platform through the WalkMe Digital Adoption Platform. Abbi, Jaco, DeepUI, and Zest are a few of the subsidiary companies of WalkMe, and over 1100 people are working for the company. Apart from San Francisco, the company has offices in Raleigh, North Carolina, Tel Aviv, Israel, the UK, Australia, and Japan. The ease of use of the WalkMe platform has made it more than 2000 corporate clients across the globe. As of 2020, the company made revenues worth $148.3 million in FY20.

The Back Story

The four co-founders, Dan Adika, Rafael Sweary, Eyal Cohen, and Yuval Shalom Ozanna, founded WalkMe in 2011 with a vision to help companies transform their productivity using technology. Dan Adika had seen his mother struggling using multiple digital interfaces and got inspired to build a single platform to work for many.

The company released its first product WalkMe in 2012. The same year, the company held round A and round B funding and raised US$1 million and US$5.5 million, respectively, and just one year of the launch of the product, the company was named Cool Vendor by Gartner as it generated $1 million ARR.
Further, WalkMe held a Round C Series funding in 2014, raising US$11 million, and a Series D funding in 2015, raising US$25 million. In a Series E round of funding in 2017, the company raised US$125 million, followed by Series F funding in 2018 and a Series G round of funding in 2019, raising US$50 million and US$90 million, respectively. WalkMe’s expansion was also through some important acquisitions, including Abbi (2017), Jaco (2017), DeepUI.ai (2018), and Zest (2021).

With the acquisitions of Abbi and Jaco in 2017, WalkMe also introduced the WalkMe products to work on web browsers and native mobile applications. The company also launched the WalkMe Workstation for the desktops as a single interface for the employees in 2020. In 2021, WalkMe introduced WalkMe Beyond, a Digital Adoption Product that lets the DAP professionals, partners, and innovators work together on the same platform.

In 2020, WalkMe partnered with Microsoft to integrate WalkMe’s DAP in Microsoft’s Dynamics 365. The same year, the company established a Digital Adoption Institute and offered scholarships to people who are unemployed and want to gain new skills. In June 2021, WalkMe went public on NASDAQ and now trades as WKME. With the IPO, the company was valued at US$2.56 billion.

The CEO at WalkMe

Dan Adika is one of the co-founders and the CEO of WalkMe. Before founding WalkMe, he worked as a software engineer in different companies, including HP. He also worked with the Israeli Army and completed a 6-years tenure with its Elite Computing Unit with Honors.

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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