Thomas R. Kennedy Jr.

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Thomas R Kennedy Jr. (born November 26, 1950) is an American who founded BackOffice Associates in 1996. [1] He went on to patent a direct rendering technology inside the CranSoft platform that enabled rapid application development in a declarative environment. BackOffice Associates experienced exponential growth and profitability and sold to Goldman Sachs private equity initially in 2008 for a 15% stake with a final buyout in 2012. [2]

In 2013, Kennedy co-founded Zudy with his wife, Patricia Kennedy. [3] The company’s low-code development platform, VINYL, allows organizations to rapidly develop enterprise applications without any code. In December 2014, South Florida investors Miami Stuff LLC invested $7.5 million in Zudy. [4] The company has hiring goals of 350 people by the end of 2018, with 150+ hired this year and another 120 by the end of 2018 at its Harwich, MA innovation & training center. [5] Zudy currently has 36 customers that include iHeart Media, the New England Patriots and Brooks Brothers. [6]

Personal life

Kennedy is married to Patricia Kennedy, co-founder and former CEO of BackOffice Associates. She is also founder of SportsMoney and Zudy.com. They reside in Miami Beach, Florida and summer in Cape Cod, Massachusetts with their 4 sons. [7]

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References

  1. Woodie, Alex (April 2008) "Data Quality is a BackOffice Associates Strategy" IT Jungle
  2. Kharif, Olga, (December 2012) "Goldman Sachs- Backed BackOffice Buys Out Founders as IPO Planned." Bloomberg
  3. Harris, David (January 2015) "" Boston Business Journal
  4. Harris, David (January 2015) "" Boston Business Journal
  5. Lima, Debora. (June 2017) ""
  6. Harris, David (June 2017) ""
  7. Gold, Robert (December 2012) "BackOffice buys out Cape-based founders Archived 2012-12-31 at the Library of Congress Web Archives" Cape Cod Times