OTTAWA, Dec. 15, 2015 /CNW/ - Kinaxis® (TSX:KXS), provider of RapidResponse®, delivering cloud-based SCM and S&OP applications today announced that S&P Dow Jones Canadian Index Services has added Kinaxis to the S&P/TSX Composite Index as part of its quarterly review. The change will be effective after the close of trading on Friday, December 18, 2015.
"Kinaxis' addition to the S&P / TSX Composite index is a very significant milestone for the company since going public in June 2014," said Kinaxis CEO Doug Colbeth. "We're pleased to have been included in the index and look forward to the increased exposure, broader range of potential investors and enhanced liquidity it provides."
Kinaxis is a leading provider of cloud-based subscription software that enables our customers to improve and accelerate analysis and decision-making across their supply chain operations. The supply chain planning and analytics capabilities of our product, RapidResponse, create the foundation for managing multiple, interconnected supply chain management processes. By using the single RapidResponse product instead of combining individual disparate software solutions, our customers gain visibility across their supply chains, can respond quickly to changing conditions, and ultimately realize significant operating efficiencies.
SOURCE Kinaxis Inc.