We had another excellent quarter with growth accelerating nearly 40% over Q2. This was primarily driven by demand for our Mendix implementation services, custom software development, and Product Lifecycle Management (PLM) consulting.
SAN ANTONIO (PRWEB) October 23, 2019
Kinetech, a Platform Mendix partner offering agile custom software and systems integration services, announces record breaking results with revenue up 39% over Q2 2019.
“We had another excellent quarter with growth accelerating nearly 40% over Q2. This was primarily driven by demand for our Mendix implementation services, custom software development, and Product Lifecycle Management (PLM) consulting. Leading businesses understand that digitally transforming their organization requires close coordination between business and IT, with a disciplined focus on the expected outcome.” says Michael Guido, CEO of Kinetech.
Kinetech’s expert services are uniquely positioned to ensure organizations recognize the ROI that the Mendix Platform, agile development, and digital transformation promises leaders that are bold enough to take action.
In the enterprise space, we expanded our relationship with a Top 10 Global Real-estate brokerage, assisting with their microservice architecture implementation. During the quarter Kinetech business engineers facilitated their expansion to the UK market, assisting with a GDPR compliant broker onboarding portal. In Q4 we expect to assist their continued global expansion. Both cases demonstrate Kinetech’s expertise with the Mendix platform and the scalability that cloud technology affords forward-thinking businesses.
Kinetech was recognized as a Top 3 Cloud Computing Consultant and leading Cloud Provider in Texas by Clutch.co, an independent analyst firm, for our ongoing work and expertise with cloud technology. Kinetech clients continue to be thrilled with our custom software solutions giving us an approval rating of 96% or 4.8 / 5 stars.
Kinetech remains at the forefront of the merging between the physical and virtual worlds and sees the relevance of our software products and services growing well into the future. Technology unemployment is near record lows (1.9%) while the demand for application development continues to outpace the supply of qualified developers. Demand is expected to increase 5x in the coming years.
As a pioneer and certified expert in lowcode implementations, Kinetech bridges the talent shortage while enabling our clients to implement solutions 10x faster, effectively doing more with less. By 2020, Gartner predicts nearly 50% of all applications will be built using lowcode technologies. Kinetech is strategically positioned to participate in this growth and enable customers looking to adopt these technologies.
As benefits renewals begin for 2020, Kinetech is continuing to see demand for applications that extend and enhance the functionality of BenefitPoint™. On average Kinetech saves client 30-50% on their existing licenses by eliminating unneeded system access for personnel; replacing it with purpose built solutions that leverage BenefitPoint data. These solutions automate policy document creation, improve compliance, manage renewals, and facilitate access to contacts. We remain committed to our mission of serving as a transformative catalyst for good through our people / work and are proud of the work we are doing to help businesses across the United States provide healthcare coverage to their employees.
Kinetech will provide an update on our full year performance at the conclusion of Q4, in mid-January.
Highlights of Kinetech’s Q3 results include:
- Revenues up 39% over Q2
- Recognized as Top 3 Cloud Provider in Texas
- Expands relationship with Top 10 Real-Estate Broker, assists with UK expansion
For information on how to leverage Kinetech’s expertise to unlock your organization's potential using cloud technology, please contact us here.
Kinetech is a provider of custom enterprise software, built on Mendix, delivered through the cloud, with a focus on digital transformation. The company focuses on cloud, mobile, and integrated technologies that solve real client problems. Kinetech's service offerings are configured and integrated with other web services (APIs), platforms, and enterprise applications (CRM, ERP, HCM). Kinetech delivers its offerings via internet browsers and on mobile devices.
The company designs, builds, and supports mission critical applications, client / vendor portals, and modernizes legacy systems. Its cloud offerings include the Digital Factory (Manufacturing), Kinetech PM (Construction / Project Management), GovTech (Government Technology) Cloud, and other bespoke solutions (Enterprise Cloud).
Key clients include the City of San Antonio (GovTech Cloud), DIRTT.net (Kinetech PM / Digital Factory) a publicly traded prefab manufacturer of custom interior and medical spaces, ninety (90) year old Guido Construction (PM Cloud), Top 10 Real Estate Brokerage, and an Inc 1000 Benefits provider (Enterprise Cloud).
Kinetech enables organizations to:
- Design Microservices Architecture with the Mendix Platform
- Digital Transformation Services including Product Lifecycle Management
- Develop new digital products & services to enhance the customer experience and improve operational inefficiencies
- Modernize legacy applications and improve performance with stabilized enterprise infrastructure (AWS, Azure, SAP Cloud, Cloud Foundry)
- Extend and enhance the use of legacy systems by developing new functionality on cloud architecture that can evolve with the changing needs of business