Kinaxis Expands Operations in India

New Kinaxis office opens in World Trade Centre in Chennai to support local expansion and global business momentum

CHENNAI, India--(BUSINESS WIRE)--Kinaxis^® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, today announced the inauguration of a new office at World Trade Centre in Chennai, India, as part of an expansion plan for its India operations. In addition to serving the Indian market, this office will also be one of the company’s strategic global hubs supporting multiple aspects of Kinaxis growth, including engineering, customer support, professional services, and other business operations.

“India is a key market for us since both domestic demand and increased foreign investments are driving tremendous economic growth, and our India-based customers are facing the exact types of supply chain challenges and disruptions that concurrent planning and RapidResponse are designed to address,” said Richard Lord, Kinaxis vice president of sales, APAC.

With more than 200 professionals in Chennai, Kinaxis – a leading provider of cloud-based, software-as-a-service (SaaS) solutions for Supply Chain Management – has been operational in the Indian market since 2020. The new office in the World Trade Centre, at 44,000 sq. ft. has seating capacity for additional hiring and growth, will not only strengthen the company’s India operations and generate quality employment opportunities in the country, but also enhance the product vision and innovations of Kinaxis that help companies plan for the future, monitor risks and opportunities and respond at the pace of change. Kinaxis’ presence in India has grown more than 70 percent in 2022 and the company plans to recruit more employees in roles spanning technology professionals, and professional services as well as continuing a highly successful internship program.

“To meet unprecedented demand for RapidResponse around the world, we are investing heavily in our India operations and partner ecosystem,” said John Sicard, Kinaxis CEO. “India is a natural powerhouse of human intelligence that has been playing a critical role in the overall growth of the IT industry, worldwide. We are very happy to expand our workforce universe for the people of India and sustain our aggressive growth journey.”

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, visit Kinaxis.com or follow us on LinkedIn or Twitter.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to Kinaxis' growth opportunities and the potential benefits of, and demand for, Kinaxis’ products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis' products and services compared to competitive offerings in the industry. Readers are cautioned not to place undue reliance on such statements. Kinaxis' actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

Source: Kinaxis