Kenandy

Last updated

Kenandy Inc.
Industry
Founded2010
Founder Sandra Kurtzig
Headquarters
San Ramon, California
,
USA
Area served
North America
OwnerRootstock Software

Kenandy is a Rootstock Software company, is an American business-to-business software provider founded by tech entrepreneur Sandra Kurtzig. Kenandy is a vendor to combine quote to cash and enterprise resource planning in a single cloud computing solution. Kenandy is also a full-function enterprise resource planning vendor that runs native on the Salesforce.com App Cloud. [1] [2]

Kenandy allows businesses to collect, store, manage and interpret data on product planning, manufacturing, delivery, financial reporting, general ledger, marketing and sales. [3] [4] [5] The company combines manufacturing software with cloud computing and social media [6] and is able to orchestrate SAP SE, Salesforce, and other functionality. [7]

History

Kenandy's founder Sandra Kurtzig set up the company in Redwood City, California, in 2010 [8] and named it after her sons Ken and Andy. It was Salesforce's first cloud ERP application. [9] The company raised $10.5 million in August 2011 in a first round of funding led by Kleiner Perkins Caufield & Byers. Other investors included Salesforce.com and Wilson Sonsini Goodrich & Rosati. [6] Kurtzig announced in September 2015 she would step down as CEO with Chuck Berger being her successor. [10]

Kenandy raised another $11.5 million in a Series B funding in March 2016 from its previous investors and Lightspeed Venture Partners. The total funds raised by the company (including the first close on the Series B round in 2013) amount to $55 million. [3] [11] [12]

Kenandy was acquired by Rootstock Software on January 11, 2018. [13]

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References

  1. ↑ Phil Wainewright (December 15, 2015). "Kenandy broadens cloud ERP with CPQ, subscription billing". Diginomica. Retrieved June 11, 2017.
  2. ↑ Jennifer Reingold (October 2, 2014). "Sandy Kurtzig, founder of Kenandy". Fortune Magazine.{{cite magazine}}: Cite magazine requires |magazine= (help)
  3. 1 2 Gina Hall (March 18, 2016). "Kenandy raises $11.5M". BizJournals. Retrieved June 11, 2017.
  4. ↑ Drew Robb (June 3, 2013). "7 Cloud ERP Startups to Watch". Enterprise Apps Today. Retrieved June 11, 2017.
  5. ↑ Tiernan Ray (October 1, 2014). "Tech Pioneer Kurtzig Revisits the Enterprise with Kenandy". Barron's. Retrieved June 11, 2017.
  6. 1 2 Dean Takahashi (August 11, 2011). "Kenandy raises $10.5M for cloud "social manufacturing"". Venture Beat. Retrieved June 11, 2017.
  7. ↑ Jason Bloomberg (September 21, 2015). "Salesforce Ecosystem: Growth Beyond The Cloud". Forbes.
  8. ↑ Ari Levy (June 17, 2015). "Tech Giant's Second Swan Song". CNBC.
  9. ↑ Chris Preimesberger (October 13, 2014). "Cloud ERP Provider Kenandy Expands Service Offerings". eWeek. Retrieved June 11, 2017.
  10. ↑ Phil Wainewright (September 11, 2015). "Kurtzig hands over reins as Kenandy CEO". Diginomica. Retrieved June 11, 2017.
  11. ↑ "Pieces Technology Launches With $21.6m Series Round". Red Herring. March 18, 2016. Retrieved June 11, 2017.
  12. ↑ Dan Primack (March 18, 2016). "Term Sheet: Friday 18 March". Fortune Magazine.
  13. ↑ Dignan, Larry. "Rootstock acquires Kenandy as ERP on Salesforce platform consolidates". ZDNet. Retrieved April 17, 2020.
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