Difference between revisions of "Celonis"

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[[wikipedia:Celonis]]
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{{COI|date=December 2020}}
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{{Use mdy dates|date=November 2020}}
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{{short description|German software company}}
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{{Infobox company
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|name            = Celonis
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|logo            = File:Celonis Logo.png
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|type            = [[Private company]]
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|area_served      = Worldwide
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|founders      = {{unbulleted list |Alex Rinke ([[Chief Executive Officer|Co-CEO]]) |Bastian Nominacher ([[Chief Executive Officer|Co-CEO]]) |Martin Klenk ([[Chief product officer|CPO]])}}
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|industry        = [[Enterprise Software]], [[Cloud Computing]], [[SaaS]]
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|products        =  {{Unbulleted list|[[Process Mining]] (PM)| [[Business Process Automation]] (BPA)| [[Business Process Management]] (BPM)| [[Business Analytics]]| [[Narrow AI|Weak AI]]|}}
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|revenue          = {{profit}}[[United States dollar|US$]] >100 million (2020).<ref name="Celonis Press Release">{{cite web |url=https://www.celonis.com/press/celonis-closes-another-fiscal-year-with-triple-digit-growth |title=Celonis Closes Another Fiscal Year with Triple Digit Growth |date=June 24, 2019 |website=www.celonis.com }}</ref>
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|num_employees    = 1,100<ref>{{Citation
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| title    =Company
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| publisher = Celonis
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| url =https://www.celonis.com/company/
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| accessdate  = November 3, 2020
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}}</ref>
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|homepage        = {{URL|www.celonis.com}}
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|foundation      = 2011
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|location        = {{Unbulleted list|[[Munich| Munich, Germany]]| [[New York City| New York, USA]]}}
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|locations        = 12 (2020)<ref>{{Citation
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| title    =Worldwide Offices
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| publisher = Celonis
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| url =https://www.celonis.com/contact/
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| accessdate  = November 3, 2020
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}}</ref>
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}}
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Celonis is a [[Cloud Computing]] company founded in [[Munich|Munich, Germany]]. Celonis is co-headquartered in [[Munich]] and [[New York City|New York]]. Celonis was named by [[Gartner]] as the market leader in [[Process mining|Process Mining]]<ref>{{Cite web|title=Market Guide for Process Mining|url=https://www.gartner.com/en/documents/3991229/market-guide-for-process-mining|access-date=2020-12-25|website=Gartner|language=en}}</ref> in 2019.
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Celonis sells a [[Software as a service]] (SaaS) solution for [[Big business|enterprises]] and [[Small and medium-sized enterprises|SMEs]] to improve [[business processes]]. The Celonis Execution Management System (EMS) enables business users to identify process gaps, recommends remedial actions, and implements [[process automation]].
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Celonis was awarded the [[German Future Prize]] in 2019 by the [[President of Germany]]<ref>{{Cite web|title=Deutscher Zukunftspreis 2019 – das Siegerteam (Team 2) {{!}} Deutscher Zukunftspreis|url=https://www.deutscher-zukunftspreis.de/de/deutscher-zukunftspreis-2019-das-siegerteam-team-2|access-date=2020-11-09|website=www.deutscher-zukunftspreis.de}}</ref>.
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== History ==
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Celonis was founded in 2011 by Alex Rinke, Bastian Nominacher, and Markin Klenk as a [[university spin-off|spin-off]] from the [[Technical University of Munich|Technical University of Munich (TUM)]]<ref>{{Cite web|date=2019-12-03|title=CELONIS - from start-up to world market leader|url=https://www.wi.tum.de/celonis-from-start-up-to-worl-market-leader-at-tum-campus-heilbronn/|access-date=2020-11-06|website=Technical University of Munich - School of Management|language=en-US}}</ref>.
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In 2020, Celonis was ranked #39 on the [[Forbes]] Cloud 100<ref>{{Cite web|title=The Cloud 100 2020|url=https://www.forbes.com/cloud100/|access-date=2020-11-06|website=Forbes|language=en}}</ref>.
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In 2019, Celonis was awarded the Gold [[Stevie Award]] for "Most Innovative Tech Company of the Year"<ref>{{Cite web|title=Celonis - Most Innovative Tech Company of the Year {{!}} Stevie Awards|url=https://stevieawards.com/iba/celonis-most-innovative-tech-company-year|access-date=2020-11-06|website=stevieawards.com}}</ref>
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In July 2015, Celonis signed a [[reseller]] agreement with [[SAP]]. Celonis has since been offered by SAP as ''Celonis Process Mining by SAP''.<ref>{{Cite web|title=SAP wordt reseller van Celonis process mining software {{!}} Dutch IT-channel|url=https://dutchitchannel.nl/536163/sap-sluit-reseller-overeenkomst-met-celonis.html|access-date=2020-11-09|website=dutchitchannel.nl|language=nl}}</ref> Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.<ref>{{Cite web|date=2015-09-17|title=Per Bootstrapping zum globalen SAP-Partner|url=https://www.gruenderszene.de/allgemein/celonis-partner-sap|access-date=2020-11-09|website=Gründerszene Magazin|language=de}}</ref>
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In 2012, Celonis joined the SAP Startup Focus program<ref>{{Cite web|last=Magazin|first=E.-3|date=2017-06-28|title=Process Mining mit künstlicher Intelligenz|url=https://e-3.de/process-mining-mit-kuenstlicher-intelligenz/|access-date=2020-11-09|website=E-3 Magazin|language=de-DE}}</ref>. SAP Startup Focus is SAP's accelerator for big-data predictive and real-time analytics startups building new applications on the [[SAP HANA]] platform.<ref>{{Cite web|date=2017-05-02|title=SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members|url=https://news.sap.com/2017/05/sap-startup-focus-drives-enterprise-innovation-exceeds-5500-startup-members/|access-date=2020-11-09|website=SAP News Center|language=en-US}}</ref>
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=== Funding ===
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In June 2016, Celonis received $27.5M in [[Series A round|Series A]] funding led by 83North and [[Accel (company)|Accel]].<ref>{{Cite web|title=Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining|url=https://social.techcrunch.com/2016/06/07/celonis-takes-27-5m-led-by-accel-83north-to-grow-the-market-for-big-data-process-mining/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref>
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In June 2018, Celonis received a further $50M in [[Series B]] funding at a valuation of $1B. The funding round was led by 83North and [[Accel (company)|Accel]].<ref>{{Cite web|title=Celonis scores $50M Series B on $1B valuation|url=https://social.techcrunch.com/2018/06/26/celonis-scores-50-million-series-b-on-1b-valuation/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref>
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In November 2019, Celonis closed $290M in [[Series C]] funding at a valuation of $2.5B.<ref>{{Cite web|date=2019-11-21|title=Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation|url=https://venturebeat.com/2019/11/21/celonis-raises-290-million-for-ai-powered-process-mining-at-2-5-billion-valuation/|access-date=2020-11-06|website=VentureBeat|language=en-US}}</ref> The funding round was led by Arena Holdings alongside 83North, [[Accel (company)|Accel]], and a group of principal investors including [[Ryan Smith (businessman)|Ryan Smith]] and Craig Courtemanche (founder of [[Procore]]).
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=== Acquisitions ===
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In April 2019, Celonis acquired [[Belgium|Belgian]] software company [https://banyas-it.com/ Banyas] for an undisclosed amount.<ref>{{Cite web|title=Celonis process mining edges toward autonomous enterprise|url=https://searcherp.techtarget.com/news/252482474/Celonis-process-mining-edges-toward-autonomous-enterprise|access-date=2020-11-06|website=SearchERP|language=en}}</ref> Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.<ref>{{Cite web|title=Celonis pushes beyond process mining into automated workflow tooling|url=https://social.techcrunch.com/2020/04/28/celonis-moves-beyond-process-discovery-into-automated-workflow-tooling/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref>
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In October 2020, Celonis acquired [[Czech Republic|Czech]] software startup [https://www.integromat.com/ Integromat] for "over $100M".<ref>{{Cite web|title=Celonis acquires Czech startup Integromat to accelerate move to process automation|url=https://social.techcrunch.com/2020/10/14/celonis-acquires-czech-startup-integromat-to-accelerate-move-to-process-automation/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref> Integromat sells an [[iPaaS]] platform, describing itself as the "glue of the internet".<ref>{{Cite web|title=Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing|url=http://bwpeople.businessworld.in/article/Online-Automation-Platform-Integromat-Records-10X-Growth-With-Emphasis-on-Project-Management-Community-Marketing/28-07-2020-302292|access-date=2020-11-09|website=BW people|language=en}}</ref> The Integromat product will be integrated into the Celonis platform to add automation capabilities.
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== Products ==
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In October 2020, Celonis launched the Execution Management System (EMS).<ref name=":1">{{Cite web|date=2020-10-16|title=German software firm Celonis launches the market's first EMS|url=https://www.aeresearch.net/german-software-firm-celonis-launches-the-market-s-first-ems|access-date=2020-11-10|website=aeresearch.net|language=english}}</ref> The Celonis EMS combines analytics, strategy, management, action, and automation to remove complexity within processes.<ref name=":0">{{Cite web|title=Celonis onthult het eerste Execution Management System in de industrie|url=https://www.emerce.nl/wire/celonis-onthult-eerste-execution-management-system-industrie|access-date=2020-11-10|website=Emerce|language=nl}}</ref> The new EMS platform is built upon Celonis' existing [[process mining]] technology.<ref name=":0" />
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The Celonis Studio, released as part of the EMS platform, allows partners and clients to build execution apps which can then be distributed through the EMS Store.<ref name=":0" />
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{| class="wikitable"
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|+Celonis Versions
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!Version
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!Release Date
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!Primary Deployment
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|-
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|Celonis Execution Management System (EMS)
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|October 2020<ref name=":1" />
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|Public Cloud
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|-
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|Celonis Intelligent Business Cloud (IBC)
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|October 2018<ref>{{Cite web|date=2018-10-16|title=Celonis launches Intelligent Business Cloud to drive business transformation|url=https://wire19.com/celonis-launches-intelligent-business-cloud/|access-date=2020-11-10|website=Latest Digital Transformation Trends {{!}} Cloud News {{!}} Wire19|language=en-US}}</ref>
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|Public Cloud
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|-
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|Celonis 4.0
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|2016<ref name=":2">{{Cite web|title=Celonis {{!}} Company|url=https://www.celonis.com/company/|access-date=2020-11-10|website=Celonis|language=en}}</ref>
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|On-premise
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|-
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|Celonis 3.0
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|2013<ref name=":2" />
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|On-premise
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|}
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== References ==
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<!-- Inline citations added to your article will automatically display here. See en.wikipedia.org/wiki/WP:REFB for instructions on how to add citations. -->
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{{reflist}}

Revision as of 10:26, 3 July 2021

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Celonis
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Celonis is a Cloud Computing company founded in Munich, Germany. Celonis is co-headquartered in Munich and New York. Celonis was named by Gartner as the market leader in Process Mining[2] in 2019.

Celonis sells a Software as a service (SaaS) solution for enterprises and SMEs to improve business processes. The Celonis Execution Management System (EMS) enables business users to identify process gaps, recommends remedial actions, and implements process automation.

Celonis was awarded the German Future Prize in 2019 by the President of Germany[3].

History

Celonis was founded in 2011 by Alex Rinke, Bastian Nominacher, and Markin Klenk as a spin-off from the Technical University of Munich (TUM)[4].

In 2020, Celonis was ranked #39 on the Forbes Cloud 100[5].

In 2019, Celonis was awarded the Gold Stevie Award for "Most Innovative Tech Company of the Year"[6]

In July 2015, Celonis signed a reseller agreement with SAP. Celonis has since been offered by SAP as Celonis Process Mining by SAP.[7] Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.[8]

In 2012, Celonis joined the SAP Startup Focus program[9]. SAP Startup Focus is SAP's accelerator for big-data predictive and real-time analytics startups building new applications on the SAP HANA platform.[10]

Funding

In June 2016, Celonis received $27.5M in Series A funding led by 83North and Accel.[11]

In June 2018, Celonis received a further $50M in Series B funding at a valuation of $1B. The funding round was led by 83North and Accel.[12]

In November 2019, Celonis closed $290M in Series C funding at a valuation of $2.5B.[13] The funding round was led by Arena Holdings alongside 83North, Accel, and a group of principal investors including Ryan Smith and Craig Courtemanche (founder of Procore).

Acquisitions

In April 2019, Celonis acquired Belgian software company Banyas for an undisclosed amount.[14] Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.[15]

In October 2020, Celonis acquired Czech software startup Integromat for "over $100M".[16] Integromat sells an iPaaS platform, describing itself as the "glue of the internet".[17] The Integromat product will be integrated into the Celonis platform to add automation capabilities.

Products

In October 2020, Celonis launched the Execution Management System (EMS).[18] The Celonis EMS combines analytics, strategy, management, action, and automation to remove complexity within processes.[19] The new EMS platform is built upon Celonis' existing process mining technology.[19]

The Celonis Studio, released as part of the EMS platform, allows partners and clients to build execution apps which can then be distributed through the EMS Store.[19]

Celonis Versions
Version Release Date Primary Deployment
Celonis Execution Management System (EMS) October 2020[18] Public Cloud
Celonis Intelligent Business Cloud (IBC) October 2018[20] Public Cloud
Celonis 4.0 2016[21] On-premise
Celonis 3.0 2013[21] On-premise

References

  1. ↑ Template:Citation
  2. ↑ "Market Guide for Process Mining". Gartner. Retrieved December 25, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. ↑ "Deutscher Zukunftspreis 2019 – das Siegerteam (Team 2) | Deutscher Zukunftspreis". www.deutscher-zukunftspreis.de. Retrieved November 9, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. ↑ "CELONIS - from start-up to world market leader". Technical University of Munich - School of Management. December 3, 2019. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. ↑ "The Cloud 100 2020". Forbes. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. ↑ "Celonis - Most Innovative Tech Company of the Year | Stevie Awards". stevieawards.com. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. ↑ "SAP wordt reseller van Celonis process mining software | Dutch IT-channel". dutchitchannel.nl (in Nederlands). Retrieved November 9, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  8. ↑ "Per Bootstrapping zum globalen SAP-Partner". Gründerszene Magazin (in Deutsch). September 17, 2015. Retrieved November 9, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  9. ↑ Magazin, E.-3 (June 28, 2017). "Process Mining mit künstlicher Intelligenz". E-3 Magazin (in Deutsch). Retrieved November 9, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  10. ↑ "SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members". SAP News Center. May 2, 2017. Retrieved November 9, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  11. ↑ "Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining". TechCrunch. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  12. ↑ "Celonis scores $50M Series B on $1B valuation". TechCrunch. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  13. ↑ "Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation". VentureBeat. November 21, 2019. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  14. ↑ "Celonis process mining edges toward autonomous enterprise". SearchERP. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  15. ↑ "Celonis pushes beyond process mining into automated workflow tooling". TechCrunch. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  16. ↑ "Celonis acquires Czech startup Integromat to accelerate move to process automation". TechCrunch. Retrieved November 6, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  17. ↑ "Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing". BW people. Retrieved November 9, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  18. ↑ 18.0 18.1 "German software firm Celonis launches the market's first EMS". aeresearch.net. October 16, 2020. Retrieved November 10, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  19. ↑ 19.0 19.1 19.2 "Celonis onthult het eerste Execution Management System in de industrie". Emerce (in Nederlands). Retrieved November 10, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  20. ↑ "Celonis launches Intelligent Business Cloud to drive business transformation". Latest Digital Transformation Trends | Cloud News | Wire19. October 16, 2018. Retrieved November 10, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  21. ↑ 21.0 21.1 "Celonis | Company". Celonis. Retrieved November 10, 2020.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>

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