In its second-largest acquisition, Amazon buys the company for $970 million.
Combined Portfolio Offers SAP Customers the Industry’sMost Complete End-to-End Mobility Solution
As part of its ongoing strategy to simplify enterprise mobility, Kony Solutions, Inc., today announced it will acquire Sky Technologies, an SAP-certified mobility solutions provider based in Melbourne, Australia. The acquisition brings together Sky’s deep enterprise expertise and large installed base of SAP mobile customers with Kony’s award-winning mobile and multichannel application platform, packaged mobile applications, and mobile application management (MAM) solutions. The resulting solution will enable corporations of all sizes to accelerate time to revenue and time to market by harnessing highly efficient mobile technologies for both business-to-consumer (B2C) and business-to-employee (B2E) applications.
This strategic acquisition by Kony comes during a shift in computing to mobile devices, both within the enterprise and among consumers. To meet the demands created by this shift, industry analyst firm Gartner, Inc. recommends that businesses take a multichannel approach to their computing strategies, creating a unified architecture encompassing mobile, rich client, desktop Web, and other digital channels to deliver optimized user experiences across the full variety of devices that users interact with every day.
“This move makes Kony Solutions the undisputed mobile and multichannel application platform leader, with a strong roster of customers of all sizes, across multiple industries and regions," said Raj Koneru, CEO of Kony Solutions. "By combining forces with Sky, Kony enables our customers to partner with a single provider for all their mobility and multichannel needs. Our mobile solutions not only manage the mobile demands of millions of consumers who want to interact with a brand on the go, across a myriad of devices, but also the complex requirements of the workforce.”
"Sky Technologies and Kony share a customer-centric approach and dedication to delivering the world’s best mobile experience and technology through constant innovation and a focus on delivering enterprise-grade mobile solutions to businesses," said Troy O’Connor, CEO and co-founder of Sky Technologies. “It is a compelling combination and great news for all those wanting to offer innovative multichannel and mobile solutions to billions of users, not only in the U.S. but worldwide. It also extends our existing offering to Sky customers who want to mobilize their Siebel, Peoplesoft, Microsoft Sharepoint and other non-SAP environments.”
“Kony’s acquisition and global deployment of Sky’s valuable technology is testament to the strength and innovation of its home-grown and funded Australian team. We can all be very proud that a high-quality Australian technology company will now merge technologies with one of the most exciting global companies in the mobile space,” said Dominique Fisher, Chairman of Sky Technologies.
With Sky Technologies, Kony can immediately offer customers a significantly broader range of B2E solutions, including certified integration with SAP environments. SAP customers in particular benefit from Sky’s ability to deploy from inside SAP and domain expertise in B2E environments. Meanwhile, Sky Technologies customers benefit from Kony’s broad array of pre-built B2C and B2E applications, its broad and deep multichannel application platform, and its mobile application management/mobile device management solutions. The acquisition, along with Kony’s existing strategic partnerships with Accenture, Cognizant and IBM, will allow Kony to operate mobility centers of excellence in North and South America, Europe, the Middle East and Asia-Pacific.
An established SAP partner, Sky Technologies has more than 100 Global 2000 customers using its technology to mobilize SAP in B2E applications. Customers include brands such as Konica Minolta, Schweppes, Toyota, WA Water Corporation, Princes Foods, Henkel, Tyco, Carl Zeiss, and some of the world’s leading consumer products and professional services companies. The Sky Technologies customer portfolio deepens Kony’s already robust client portfolio and extends the company's business solutions across the financial services, retail, travel, transport, utilities and manufacturing sectors. Together, both companies have more than 200 customers with numerous B2C and B2E deployments across multiple industries.
The combined company will continue to provide full support of Sky Technologies’ products to new and current customers, prospects and partners.
Additional information about the acquisition can be found on Kony’s website at: www.kony.com/sky.
About Sky Technologies
Sky Technologies is a mobile enterprise applications company with more than 14 years of experience and has deployed mobility projects to SAP customers in more than 35 countries. Sky enables customers to mobilize any business process on any mobile device using a single technology platform, and their business solution suite of “code-free” enterprise applications can be seamlessly integrated to any back-end SAP application. Sky offers proven mobile solutions in areas such as CRM/Sales, Field Service, Asset Management, Human Capital Management, Workflow, Supply Chain Management, and Business Intelligence. With hundreds of successful live projects worldwide and offices in the United States, Australia, and the United Kingdom, Sky Technologies is a market leader in the world of SAP mobility.
About Kony Solutions
Kony is a mobile and multichannel application platform provider. Kony develops a suite of customizable pre-built apps, the KonyOne™ Platformand Kony Mobile App Manager, which give companies the confidence and control to build apps once and deploy and manage them everywhere -- across all smartphones, feature phones, tablets, kiosks and desktops, seven operating systems and multiple deployment modes, including HTML5 and mobile web, hybrid, native, and mixed-mode.
Kony’s customers include more than 70 Fortune 500 companies, the largest global bank, and global brands such as Toyota, Capital One, Hyatt, and Huntington National Bank. Kony customers have generated hundreds of millions of dollars through apps such as mobile ticketing and reservations (hospitality), mobile remote deposit capture (banking), and mobile claims processing (insurance).
In 2012 Kony was named a “Visionary” in the Gartner Magic Quadrant for Mobile Application Development Platforms (MADP) report. For more information, please visit www.kony.comor connect with Kony on Twitter,Facebookand Slideshare.
Date: Tue, 08/21/2012