Kanbay
| File:KANBAY logo.gif | |
| Company type | Public |
|---|---|
| Industry | Information Technology |
| Founded | 1989 |
| Headquarters | Chicago,Pune, Hyderabad and Chennai |
Key people | Raymond Spencer, Chairman of the Board |
| Revenue | US $ 230.5 million |
Number of employees | 6,500 (2006) |
| Website | http://www.kanbay.com |
Kanbay is a leading vertical industry focused professional services firm which helps its clients transform their businesses using a highly-integrated suite of management consulting, technology integration and development, and outsourcing solutions. With corporate headquarters in the Chicago area, Kanbay has locations throughout the US, Canada, Europe, Australia, Hong Kong, Singapore, Japan, and India. Kanbay recently acquired Adjoined Consulting, an industry focused, full service management consulting, technology and outsourcing firm. The new Kanbay offers its clients a unique end-to-end service capability backed by an efficient global services delivery platform. They have become one of the largest IT services providers in the world, employing almost 6,500 associates serving over 200 clients from 21 office locations in the United States, Europe, and Asia. Kanbay has CMM Level 5 assessed and ISO 9001 certified processes which were reviewed globally, not just at their three offshore delivery centers and two world-class data centers. Kanbay achieved CMM Level 5 assessment using globally diverse teams and projects to ensure that processes for global communication and handoffs were properly reviewed and assessed.
Industries Served
With the acquisition of Adjoined, Kanbay now supports a second core industry: Consumer & Industrial Products. They also have a presence in Life Science and Telecommunications and Media.
Financial services
Banking, serving retail and private banking, business and consumer lending, and general financial services. 3 of the top 5 global banks are Kanbay clients.
Credit services, including credit cards, debit cards, smart cards and all the systems that make them work. Kanbay works with 4 of the top 5 credit card issuers across the globe and they are host to the world’s largest concentration of VisionPlus programmers.
Insurance, encompassing health, life, property and casualty lines and functions from membership and rate charges to billing and claims processing. Kanbay works with leading insurance companies in the US and Asia Pacific.
Securities & investments,including trading, brokerage, and investment banking. 4 of the 5 bulge bracket firms are Kanbay clients.
Consumer & industrial productsKanbay’s acquisition of Adjoined brought them some of the largest beverage and food companies in the world and industry-leading names in retail, toys and cosmetics.
Life sciences, Adjoined’s life sciences industry vertical encompasses labs, pharmaceutical companies and distributors, biotechnology firms, medical diagnostic firms, and medical device manufacturers. Our clients include 3 of the top 5 pharmaceutical companies in the world, 2 of the top 3 pharmaceutical distributors.
Telecommunications & media, This industry serves the industry leaders in wireless, cable and Internet technologies plus key players in traditional media. Clients include 2 of the 4 largest wireline carriers and 2 of the 3 largest wireless carriers in the United States.
Services Offered
Kanbay is unique among its peers. They are a solution provider with the intellectual property and delivery capabilities of a Tier 1 firm, wrapped within a highly agile, flexible and responsive service organization. Kanbay's services are divided into four areas: management consulting, technology integration, application development and outsourcing and maintenance.
Management consulting » Supply chain management » Customer value management » Research services
Technology integration » Customer relationship management » Enterprise resource planning » Business intelligence
Application development » Enterprise architecture » Legacy modernization » Web enablement » Independent testing services
Outsourcing & maintenance » Application maintenance » Production support » Infrastructure management » Level III application hosting
Geographies Served
Given the far-reaching nature of its business, it is not surprising that Kanbay is truly a global organization. Although a global firm, Kanbay has built a common organizational culture, management style and processes and strives for very uncommon standards of customer satisfaction. Geographic regions are led by local managers and directors, some of whom sit on the company’s Global Executive Council. Kanbay's leadership team is not all based at company headquarters in Chicago—they are based across our regions to be close to Kanbay clients and associates.
Resource Profile
Kanbay has over 16 years experience helping our clients achieve sustainable business success. The success is only possible through the efforts of its world class associates. Their associates work across our industries and technologies and include management consultants from Tier 1 consulting firms and technology experts from the world’s top engineering institutes. their industry and service line experts average at least 15 years of experience.
Financial Performance Kanbay trades on the NASDAQ stock market under the ticker symbol KBAY. To learn about the financial performance of Kanbay, please visit our website at [www.kanbay.com] and view Investor information.
History
 | This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. |
Kanbay's history is an enduring demonstration of a global organization that transcends geographical and cultural boundaries
Since its founding in the US, Kanbay today has its presence across four continents. This expansion underscores its basic belief—to be a global organization reaching out to partner for success.
The journey to Kanbay's current accomplishment started in 1989 when Kanbay was founded by Raymond J. Spencer, Dileep Nath, and John Patterson with headquarters in Chicago, IL.
In 1991, Kanbay established its India office to support delivery of software development services, and in 1992, it established a Hong Kong office to serve the Pacific Rim.
1995 saw Kanbay establish what was to become its largest development center. From its new center in Pune (India)—equipped with a dedicated satellite link to North America—Kanbay could now further refine its multi-site approach to address complex issues of project management.
In August 1998, venture capital firm Safeguard Scientifics, Inc. acquired an interest in Kanbay. That November, Kanbay established a Singapore office to expand its ability to serve the Pacific Rim market.
In April 1999, Kanbay established an Australia office in Melbourne, and in June established its UK office in Cambridge.
Growth at Kanbay has never lost steam. In October 1999, Kanbay acquired Megatec, a $15 million Melbourne, Australia-based eBusiness products and solutions firm.
Partnering for success took on a new meaning when in 2000 Morgan Stanley and Household International acquired an equity interest in Kanbay.
In June 2001, Kanbay announced its ISO 9001 certification and in September it established an office in Tokyo. The year ended on a winning note, with Kanbay inaugurating its state-of-the-art technology center in Pune, India in October 2001.
Kanbay's India operation expanded to Hyderabad in 2003. In the same year, it achieved its first CMM Level 5 certification for project work. In 2004, Kanbay received one of the first global assessments for CMM Level 5 which validates its global development approach and methodologies, ensuring the Kanbay global experience is the same regardless of region.
2004 also brought two Kanbay milestones. It opened the year by celebrating its 15 year anniversary, and in July, Kanbay International became a publicly traded company, listing on the NASDAQ under the symbol KBAY.
In early 2005, the company acquired Accurum, an IT services provider to the capital markets industry. On August 3, 2005 the company celebrated its one year anniversary as a public company by ringing the NASDAQ bell to open trading.
Kanbay is a global systems integrator providing solutions to the insurance, banking, lending, credit card, and capital markets industries. With corporate offices in Rosemont, Illinois, Kanbay has 14 locations throughout the US, Canada, Europe, Australia, Hong Kong, Singapore, Japan, and India.
Technology service lines
- Mainframe and midrange services
- Distributed Systems
- Testing Services (Functional, Performance, Security, Usability)
- Business Intelligence
- Management Consulting
- Customer Relationship Management
- End-to-end solutions
Prominent Business Units
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Development centres
- Pune
- Chennai
- Hyderabad
- Chicago
Indian branches
Kanbay has branches in the following Indian cities: Pune, Hyderabad, Chennai.
Global units
Kanbay is present in all major financial centers across the world. It has offices in USA, UK, Ireland, Japan, Singapore, Hong Kong, Australia and India. Recently it acquired Accurum - a company in the capital markets space and Adjoined Consulting LLC - a company in full service consulting space with strong focus on Enterprise consulting.