Lytica’s revenues are on track to double this year compared with 2020 as the pandemic has wreaked havoc with global supply chains and fuelled rising demand for its AI-driven comparison-pricing software. “There is not a company in the world that’s not looking for more insights and intelligence into procurement” Continue reading the OBJ article here. A big thanks to David Sali at the Ottawa Business Journal.
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Today, we announced the latest milestone in Lytica’s evolution — over $3 million USD raised in equity investment and Canadian federal grants. There’s no doubt this funding will help to fill a very important need for the electronic components supply chain industry, helping us continue to scale spend analytics and risk intelligence with real, accurate customer data.  A $1.5 million equity investment round was led by vertically integrated strategic growth and investment firm, York IE, which followed recent funding obtained from government related economic development and innovation sources. Over the last year, we’ve experienced rapid growth and continue to increase our recurring revenue base at over 100% per
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How much should one pay for a chip or a component? Lytica, a Canadian supply-chain pricing analytics company, has the answer. Founded by former Nortel chief procurement officer Ken Bradley, who, like many others in the IT industry, was once bemused by component pricing, Lytica is transforming itself into a software-as-a-service (SaaS) company, helping OEM and EMS make well-informed deals when buying or selling. Digitimes recently had a talk with Bradley about the value that business intelligence, such as pricing information and well-thought-out planning, can bring to a company. Read the full article here on Digitimes website. Written by: Judy
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Supporting innovation for a stronger economy Minister Mélanie Joly announces over $11 million for three innovative firms to expand capabilities, benefit new markets and create over 140 jobs It is with the support of new technologies that entrepreneurs succeed in developing new products, improving production methods, deploying new marketing strategies and implementing new business processes. Businesses and organizations in all sectors need innovative solutions to stand out from the competition, improve their productivity and ensure sustainable growth. As one of the largest tech and research hubs in Canada, the Ottawa region is harnessing the transformative power of digital technology to support
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By: David Sali Ottawa Business Journal – click to read on the OBJ website. After spending the past few years helping one of Ottawa’s hottest software companies ramp up its global operations, Martin Sendyk hopes he knows a can’t-miss growth opportunity when he sees one. The new chief executive of Kanata-based pricing intelligence firm Lytica took the helm of the 20-person company last month after a successful stint at Assent Compliance, where he served four-and-a-half years as chief product officer.  While at Assent, Sendyk oversaw the development of software that helps ensure companies and their suppliers around the world are complying with
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On the heels of a very successful 2019 with additional incoming funding, Ottawa-based supply chain analytics company Lytica Inc, a leading global provider of trusted electronic component market intelligence, has reached another important growth milestone. Lytica is pleased to announce that Martin Sendyk has been appointed President & Chief Executive Officer, with current President & CEO Mark Tayles transitioning to EVP of Sales & Customer Success. Martin Sendyk is a high-tech executive and entrepreneur with twenty years of international experience. He has held senior level positions with large global companies such as Assent Compliance, Irdeto, Nortel, Motorola, and Newbridge. He
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