Editing Celonis



{{Use mdy dates|date=November 2020}}
{{short description|German software company}}
{{Infobox company
|name             = Celonis
|logo             = File:Celonis Logo.png
|type             = [[Private company]]
|area_served      = Worldwide
|founders       = {{unbulleted list |Alex Rinke ([[Chief Executive Officer|Co-CEO]]) |Bastian Nominacher ([[Chief Executive Officer|Co-CEO]]) |Martin Klenk ([[Chief product officer|CPO]])}}
|industry         = [[Enterprise Software]], [[Cloud Computing]], [[SaaS]]
|products         =  {{Unbulleted list|[[Process Mining]] (PM)| [[Business Process Automation]] (BPA)| [[Business Process Management]] (BPM)| [[Business Analytics]]| [[Narrow AI|Weak AI]]|}} 
|revenue          = {{profit}}[[United States dollar|US$]] >100 million (2020).<ref name="Celonis Press Release">{{cite web |url=https://www.celonis.com/press/celonis-closes-another-fiscal-year-with-triple-digit-growth |title=Celonis Closes Another Fiscal Year with Triple Digit Growth |date=June 24, 2019 |website=www.celonis.com }}</ref>
|num_employees    = 1,100<ref>{{Citation 
| title    =Company
| publisher = Celonis
| url =https://www.celonis.com/company/
| accessdate  = November 3, 2020
}}</ref>
|homepage         = {{URL|www.celonis.com}}
|foundation       = 2011
|location         = {{Unbulleted list|[[Munich| Munich, Germany]]| [[New York City| New York, USA]]}}
|locations        = 12 (2020)<ref>{{Citation 
| title    =Worldwide Offices
| publisher = Celonis
| url =https://www.celonis.com/contact/
| accessdate  = November 3, 2020
}}</ref>
}}

Celonis is a [[Cloud Computing]] company founded in [[Munich|Munich, Germany]]. Celonis is co-headquartered in [[Munich]] and [[New York City|New York]]. Celonis was named by [[Gartner]] as the market leader in [[Process mining|Process Mining]]<ref>{{Cite web|title=Market Guide for Process Mining|url=https://www.gartner.com/en/documents/3991229/market-guide-for-process-mining|access-date=2020-12-25|website=Gartner|language=en}}</ref> in 2019. 

Celonis sells a [[Software as a service]] (SaaS) solution for [[Big business|enterprises]] and [[Small and medium-sized enterprises|SMEs]] to improve [[business processes]]. The Celonis Execution Management System (EMS) enables business users to identify process gaps, recommends remedial actions, and implements [[process automation]].

Celonis was awarded the [[German Future Prize]] in 2019 by the [[President of Germany]]<ref>{{Cite web|title=Deutscher Zukunftspreis 2019 – das Siegerteam (Team 2) {{!}} Deutscher Zukunftspreis|url=https://www.deutscher-zukunftspreis.de/de/deutscher-zukunftspreis-2019-das-siegerteam-team-2|access-date=2020-11-09|website=www.deutscher-zukunftspreis.de}}</ref>.

== History ==
Celonis was founded in 2011 by Alex Rinke, Bastian Nominacher, and Markin Klenk as a [[university spin-off|spin-off]] from the [[Technical University of Munich|Technical University of Munich (TUM)]]<ref>{{Cite web|date=2019-12-03|title=CELONIS - from start-up to world market leader|url=https://www.wi.tum.de/celonis-from-start-up-to-worl-market-leader-at-tum-campus-heilbronn/|access-date=2020-11-06|website=Technical University of Munich - School of Management|language=en-US}}</ref>.

In 2020, Celonis was ranked #39 on the [[Forbes]] Cloud 100<ref>{{Cite web|title=The Cloud 100 2020|url=https://www.forbes.com/cloud100/|access-date=2020-11-06|website=Forbes|language=en}}</ref>.

In 2019, Celonis was awarded the Gold [[Stevie Award]] for "Most Innovative Tech Company of the Year"<ref>{{Cite web|title=Celonis - Most Innovative Tech Company of the Year {{!}} Stevie Awards|url=https://stevieawards.com/iba/celonis-most-innovative-tech-company-year|access-date=2020-11-06|website=stevieawards.com}}</ref>

In July 2015, Celonis signed a [[reseller]] agreement with [[SAP]]. Celonis has since been offered by SAP as ''Celonis Process Mining by SAP''.<ref>{{Cite web|title=SAP wordt reseller van Celonis process mining software {{!}} Dutch IT-channel|url=https://dutchitchannel.nl/536163/sap-sluit-reseller-overeenkomst-met-celonis.html|access-date=2020-11-09|website=dutchitchannel.nl|language=nl}}</ref> Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.<ref>{{Cite web|date=2015-09-17|title=Per Bootstrapping zum globalen SAP-Partner|url=https://www.gruenderszene.de/allgemein/celonis-partner-sap|access-date=2020-11-09|website=Gründerszene Magazin|language=de}}</ref>

In 2012, Celonis joined the SAP Startup Focus program<ref>{{Cite web|last=Magazin|first=E.-3|date=2017-06-28|title=Process Mining mit künstlicher Intelligenz|url=https://e-3.de/process-mining-mit-kuenstlicher-intelligenz/|access-date=2020-11-09|website=E-3 Magazin|language=de-DE}}</ref>. SAP Startup Focus is SAP's accelerator for big-data predictive and real-time analytics startups building new applications on the [[SAP HANA]] platform.<ref>{{Cite web|date=2017-05-02|title=SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members|url=https://news.sap.com/2017/05/sap-startup-focus-drives-enterprise-innovation-exceeds-5500-startup-members/|access-date=2020-11-09|website=SAP News Center|language=en-US}}</ref>

=== Funding ===
In June 2016, Celonis received $27.5M in [[Series A round|Series A]] funding led by 83North and [[Accel (company)|Accel]].<ref>{{Cite web|title=Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining|url=https://social.techcrunch.com/2016/06/07/celonis-takes-27-5m-led-by-accel-83north-to-grow-the-market-for-big-data-process-mining/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref>

In June 2018, Celonis received a further $50M in [[Series B]] funding at a valuation of $1B. The funding round was led by 83North and [[Accel (company)|Accel]].<ref>{{Cite web|title=Celonis scores $50M Series B on $1B valuation|url=https://social.techcrunch.com/2018/06/26/celonis-scores-50-million-series-b-on-1b-valuation/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref>

In November 2019, Celonis closed $290M in [[Series C]] funding at a valuation of $2.5B.<ref>{{Cite web|date=2019-11-21|title=Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation|url=https://venturebeat.com/2019/11/21/celonis-raises-290-million-for-ai-powered-process-mining-at-2-5-billion-valuation/|access-date=2020-11-06|website=VentureBeat|language=en-US}}</ref> The funding round was led by Arena Holdings alongside 83North, [[Accel (company)|Accel]], and a group of principal investors including [[Ryan Smith (businessman)|Ryan Smith]] and Craig Courtemanche (founder of [[Procore]]).

=== Acquisitions ===
In April 2019, Celonis acquired [[Belgium|Belgian]] software company [https://banyas-it.com/ Banyas] for an undisclosed amount.<ref>{{Cite web|title=Celonis process mining edges toward autonomous enterprise|url=https://searcherp.techtarget.com/news/252482474/Celonis-process-mining-edges-toward-autonomous-enterprise|access-date=2020-11-06|website=SearchERP|language=en}}</ref> Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.<ref>{{Cite web|title=Celonis pushes beyond process mining into automated workflow tooling|url=https://social.techcrunch.com/2020/04/28/celonis-moves-beyond-process-discovery-into-automated-workflow-tooling/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref>

In October 2020, Celonis acquired [[Czech Republic|Czech]] software startup [https://www.integromat.com/ Integromat] for "over $100M".<ref>{{Cite web|title=Celonis acquires Czech startup Integromat to accelerate move to process automation|url=https://social.techcrunch.com/2020/10/14/celonis-acquires-czech-startup-integromat-to-accelerate-move-to-process-automation/|access-date=2020-11-06|website=TechCrunch|language=en-US}}</ref> Integromat sells an [[iPaaS]] platform, describing itself as the "glue of the internet".<ref>{{Cite web|title=Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing|url=http://bwpeople.businessworld.in/article/Online-Automation-Platform-Integromat-Records-10X-Growth-With-Emphasis-on-Project-Management-Community-Marketing/28-07-2020-302292|access-date=2020-11-09|website=BW people|language=en}}</ref> The Integromat product will be integrated into the Celonis platform to add automation capabilities.

== Products ==
In October 2020, Celonis launched the Execution Management System (EMS).<ref name=":1">{{Cite web|date=2020-10-16|title=German software firm Celonis launches the market's first EMS|url=https://www.aeresearch.net/german-software-firm-celonis-launches-the-market-s-first-ems|access-date=2020-11-10|website=aeresearch.net|language=english}}</ref> The Celonis EMS combines analytics, strategy, management, action, and automation to remove complexity within processes.<ref name=":0">{{Cite web|title=Celonis onthult het eerste Execution Management System in de industrie|url=https://www.emerce.nl/wire/celonis-onthult-eerste-execution-management-system-industrie|access-date=2020-11-10|website=Emerce|language=nl}}</ref> The new EMS platform is built upon Celonis' existing [[process mining]] technology.<ref name=":0" />

The Celonis Studio, released as part of the EMS platform, allows partners and clients to build execution apps which can then be distributed through the EMS Store.<ref name=":0" />
{| class="wikitable"
|+Celonis Versions
!Version
!Release Date
!Primary Deployment
|-
|Celonis Execution Management System (EMS)
|October 2020<ref name=":1" />
|Public Cloud
|-
|Celonis Intelligent Business Cloud (IBC)
|October 2018<ref>{{Cite web|date=2018-10-16|title=Celonis launches Intelligent Business Cloud to drive business transformation|url=https://wire19.com/celonis-launches-intelligent-business-cloud/|access-date=2020-11-10|website=Latest Digital Transformation Trends {{!}} Cloud News {{!}} Wire19|language=en-US}}</ref>
|Public Cloud
|-
|Celonis 4.0
|2016<ref name=":2">{{Cite web|title=Celonis {{!}} Company|url=https://www.celonis.com/company/|access-date=2020-11-10|website=Celonis|language=en}}</ref>
|On-premise
|-
|Celonis 3.0
|2013<ref name=":2" />
|On-premise
|}

== References ==
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