Thomas R. Kennedy Jr.

Last updated

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 They reside in Miami Beach, Florida and summer in Cape Cod, Massachusetts with their 4 sons. [7]

Related Research Articles

Goldman Sachs U.S. multinational investment bank

The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. It also provides investment banking to institutional investors.

Au Bon Pain American bakery and cafe chain

Au Bon Pain is an American fast casual restaurant, bakery, and café chain headquartered in Boston and operating over 250 locations in the United States, India, and Thailand. The company is owned by Panera Bread, which is owned by JAB Holding Company. JAB is owned by the Reimann family of Germany.

Gary Cohn

Gary David Cohn is an American business leader who served as the 11th Director of the National Economic Council and chief economic advisor to President Donald Trump from 2017 to 2018. He managed the administration’s economic policy agenda. Before serving in the White House, Cohn was President and Chief Operating Officer of Goldman Sachs, where he worked for more than 25 years.

OutSystems is a low-code platform which provides the tools for companies to develop, deploy and manage omnichannel enterprise applications.

David Tepper American billionaire businessman

David Alan Tepper is an American billionaire businessman, hedge fund manager, and philanthropist. He is the owner of the Carolina Panthers of the National Football League (NFL) and Charlotte FC in Major League Soccer (MLS). Tepper is the founder and president of Appaloosa Management, a global hedge fund based in Miami Beach, Florida.

<i>Cape Cod Times</i> Newspaper in Hyannis, Massachusetts

The Cape Cod Times is a broadsheet daily newspaper serving Cape Cod, Martha's Vineyard and Nantucket, Massachusetts, United States. It is owned by Gannett. It is also the sister paper of the weekly The Barnstable Patriot.

Richard Edward Rainwater was an American investor and philanthropist. With an estimated net worth of $3 billion, he ranked 211th on the Forbes 400 in 2015.

The Capital Purchase Program or CPP is a preferred stock and equity warrant purchase program conducted by the US Treasury Office of Financial Stability as part of Troubled Asset Relief Program. According to the first congressionally mandated oversight report published by GAO, "[TARP's] primary focus was expected to be the purchase of mortgage-backed securities (MBS) and whole loans... [but] within 2 weeks of enactment... the Treasury announced that it would make $250 billion of the $700 billion available to U.S. financial institutions through purchases of preferred stock." This followed a model initiated by the United Kingdom bank rescue package announced on October 8, 2008.

Byron Trott American merchant banker

Byron David Trott is the founder, chairman and CEO of BDT Capital Partners, a merchant bank that provides advice and capital to family and founder-led companies. Formerly, Trott was vice chairman of Investment Banking at Goldman Sachs. Warren Buffett has called Trott the only banker he trusts.

Tire Kingdom is a large American tire store chain located primarily in the southern part of the United States. In 2000, it became a subsidiary of TBC Corporation.

Tony Goldman was an American real estate developer and arts visionary.


The CapeFlyer is a passenger rail service in Massachusetts between Boston and Cape Cod that began in 2013. It is operated by the Cape Cod Regional Transit Authority (CCRTA) in collaboration with the Massachusetts Bay Transportation Authority (MBTA) and the Massachusetts Department of Transportation (MassDOT). The service runs on the weekends, beginning Friday evenings and including holidays, between Memorial Day weekend and Labor Day weekend.

Joseph Jack Cayre is an American businessman and real estate developer. Together with his brothers he co-founded the record label Salsoul Records, video tape distributor and producer GoodTimes Entertainment, and video game publisher GT Interactive Software. He is also the founder and principal of the New York-based real estate development firm Midtown Equities.

Circle (company)

Circle is a peer-to-peer payments technology company. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle's mobile payment platform, Circle Pay, allows users to hold, send, and receive traditional fiat currencies. In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services. In April 2016, the British government approved the first virtual currency licensure to Circle. Circle is headquartered in Boston, Massachusetts.


Zoomdata is a business intelligence software company that specializes in real-time data visualization of big data, streaming data, and multisource analysis. The company's products are deployable on-prem, in the cloud, and embedded in other applications. SAP Data Visualization by Zoomdata is a SaaS version of Zoomdata for SAP customers. On June 10th, 2019, Zoomdata was acquired by Logi Analytics for an undisclosed sum.

Symphony is an instant messaging service for financial firms. It supports encryption, group messaging, rich content sharing and third-party plugins. Symphony is developed by Symphony Communication Services.

Nicolas Sarkis is a British financier and businessman. He is a former Goldman Sachs executive and the founding partner of the asset management firm AlphaOne Partners.

Cadre (company)

Cadre is a New York-based financial technology company that provides individuals and institutions direct access to large commercial real-estate properties. The business and financial press describe it as a service that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fund a transaction. For example, 12 institutional investors participated in a $60 million office building purchase. The firm was named to Forbes' "FinTech50" for 4 years in a row starting in 2016. In 2019, Cadre was the cover story of the Forbes "FinTech 50" issue. In 2018, a partnership with Goldman Sachs was announced through which Goldman Sachs' private wealth clients committed at least $250 million (USD) real estate investments through Cadre. The company also offers a managed portfolio service and a real estate secondary market, as well as a cash holdings account called "Cadre Cash".

Compass (company) American real estate technology company

Compass is an American licensed real estate broker that utilizes the Internet as a marketing medium with the use of real estate technology. Compass employs more than 10,000 agents who earn a percentage of the selling price and give 15 to 30 percent on each sale to Compass. The Company specializes in high-margin, luxury homes in upscale, coastal markets. Founded in 2012, the company is headquartered in New York City. The company provides software to real estate agents. Compass is said to be the first company to have built a proprietary mobile app for real estate agents. In September 2018, the company had a valuation of US$4.4 billion.

Sixth Street is a global investment firm with $47 billion in assets under management. The firm operates eight investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses. Its team invests across a wide range of assets.


  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