Why Tech Company Celonis Should be on Your Radar

Celonis

The right tech company can be a great investment. You do not have to convince many people of that. In fact, there are many millionaires in the world today solely because they invested in the right tech company at the right time. If you can find a winner, you will reap the rewards. The key is to find that company that is a true winner. In such a crowded field, this can often be difficult to do. Sure, you have the major players of Apple and Google, but even they present challenges to the modern day investor. If you are looking for a new tech company that you should invest in so that your portfolio is further diversified, the company Celonis should be on your radar. There are many reasons for this, not the least of which is the fact that this young company is already valued at more than $2.5 billion. It is a young company that is on the rise. Continue reading to learn more about why it should be on your radar.

The Background

You might be wondering what Celonis is even all about. It has quite an interesting story behind it. It all actually began as a college project that three friends were working on together. Their task was to address various problems in terms of business processes. This was eight years ago. The project initially turned into something that would encompass consulting businesses of various sizes. They ended up being able to work with one company that had over 5,000 employees. Their problem involved IT processes, and so Celonis was born.

It was discovered that there were actually many IT service related companies out there today, but that many of them did not handle various tasks in an effective and efficient manner. One of the co-founders of the initial project would later remark that such service was riddle with many delays, many of which would become quite costly. This because frustrating to the companies involved. When speaking about the company we just mentioned, it was discovered that they were relying on a system that would log in ticket service requests. The students then started to look at the data that was generated from the log. The result was to discover a way that they could reconstruct the entire process to determine where there was a breakdown in the system.

The idea was actually groundbreaking. In the past, businesses would have to talk to and consult with numerous people in order to determine where the problem was. Not only did this take a great deal of time, but it was not very effective. It is no longer necessary to discuss the issue with people. In order to get to the root of the problem, you can actually just look at the data that has already been produced. The answer is right there, you just have to know where to look.

Where Did the Project Go?

That project started eight years ago and now it has turned into a company that is currently valued at over $2.5 billion. If you are wondering why they should be on your radar, that is a very powerful reason. The company Celonis is now considered to be a pioneer in the area of process mining. They have created unique algorithms that are able to dissect data take from event logs at any given company. They will then identify the problems and then work to develop a solution that works. It has become highly successful and clients across the world are now working alongside Celonis to better handle their service related needs.

The right tech company can be a great investment. You do not have to convince many people of that. In fact, there are many millionaires in the world today solely because they invested in the right tech company at the right time. If you can find a winner, you will reap the rewards. The key is to find that company that is a true winner. In such a crowded field, this can often be difficult to do. Sure, you have the major players of Apple and Google, but even they present challenges to the modern day investor. If you are looking for a new tech company that you should invest in so that your portfolio is further diversified, the company Celonis should be on your radar. There are many reasons for this, not the least of which is the fact that this young company is already valued at more than $2.5 billion. It is a young company that is on the rise. Continue reading to learn more about why it should be on your radar.

As a young start up company, the company was able to attract more than $290 million in capital from various investors. These were major players in the software industry, namely Qualris and Procore. The company is now based in Munich, Germany. As if you needed more reasons to put it on your investment radar, they have quickly become one of the most profitable private tech companies in the world, putting them in a select group of firms that are valued over $1 billion. They have also expanded to have an office in New York City.

Conclusion

Celonis has nearly doubled in the past year and a half. That is impressive no matter how you look at it. It has a positive cash flow from the beginning, which is rare in any business these days. They are already forming partnerships with other similarly positioned companies, which illustrates that they have gained the respect of other major players in the industry. Clients are seeing real results from the process mining initiative that Celonis brings to the table, and this is why their value has risen so quickly in just a few years. It is anticipated that this particular process mining niche could quadruple in the next two years alone, so the future does indeed appear to be bright. It was putting on your radar to see what happens.

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