CELONIS NEWS & PRESS.

Contact us!

Want to learn more about Celonis?
Can we provide you with additional press materials?

Janine Kanters

j.kanters@celonis.com
11/18/16
Celonis wins EY Entrepreneur of the Year 2016 Award

Celonis, the leading provider of a new category of big data analytics technology dubbed Process Mining, today announced that it won the German EY Entrepreneur Of The Year® 2016 Award in the start-up category. On November 18, an independent panel of judges honored Celonis in recognition of its impressive growth rate and spirit of innovation. The award ceremony took place at a festive evening gala at the German Historical Museum in Berlin, attended by prominent figures from the worlds of politics, business and society.

“The EY Entrepreneur Of The Year award is like the Oscar for entrepreneurial achievements,” said Hubert Barth, Chairman of the Managing Board at EY Germany, at the event opening. “It is for celebrating elite entrepreneurs with the gift to disrupt entire industries, inspire people, make dreams come true and take responsibility.”

Dr. Manfred Wittenstein, chairman of the jury, added: “We are looking for the winning DNA. Start-ups are playing an increasingly important role because they renew the foundation of our economy.”

Founded in 2011 by then students of Technical University of Munich, Celonis quickly became the world market leader in Process Mining, an emerging category of big data technology. Celonis’ Process Mining solution helps companies across all industries save millions in revenue by providing faster, better, more efficient and compliant processes with a highly accelerated time to value.

Celonis Process Mining is already being used by Fortune 500 companies and a large number of medium-sized companies in over 25 countries and 16 different industries. In 2015, SAP entered into a partnership with the company, adding SAP Process Mining by Celonis to its global product portfolio. The success of Celonis recently convinced renowned Facebook investors Accel and 83North (formerly Greylock IL) to invest $27.5 million in a series A funding. In five years since inception, Celonis has grown to revenues of over $10 million on an annualized basis. To help propel its rapid growh and boost its presence in the US, the company opened an office in New York, adding to its existing locations in Munich and Amsterdam.

“Alexander Rinke, Martin Klenk and I founded Celonis because we shared the dream of changing how companies around the world run their businesses. Over the past few years, we have assembled an outstanding team of employees, investors and cooperating scientists, with whom we can make this dream come true. We are all proud of this award and consider it a major milestone,” said Celonis co-founder and co-CEO Bastian Nominacher.

Winning the EY Entrepreneur of the Year award is the latest recognition of Celonis’ innovation and growth. Other awards the company has won include the Deloitte Fast 50 Award as Germany’s fastest growing technology company, the SAP HANA Innovation Award and the KfW Banking Entrepreneurship Award.

×
11/14/16
Something Big is coming: Witness the next Generation of Process Mining

Celonis is excited to reveal the future of process mining! Be the first to witness a cutting-edge innovation that understands, learns, and advises you on issues and opportunities within your business. Join us on Dec 7th to find out how Celonis can help you create a competitive advantage.

Visit the lauch website: www.celonis.com/launch

×
11/08/16
The Future of Process Mining – Trailblazing Cooperation between Research & Industry

Headed by Professor Wil van der Aalst, several working groups have been set up between Eindhoven University of Technology and Celonis SE in order to address key challenges related to Process Mining. While the experts are eager to advance scientific research, they are also committed to reconcile these activities with practical applications. Celonis, leading software vendor within this exciting new category of Big Data Analytics, brings years of practical experience from hundreds of customers to the four working groups.

Headed by Professor Wil van der Aalst, several working groups have been set up between Eindhoven University of Technology and Celonis SE in order to address key challenges related to Process Mining. While the experts are eager to advance scientific research, they are also committed to reconcile these activities with practical applications. Celonis, leading software vendor within this exciting new category of Big Data Analytics, brings years of practical experience from hundreds of customers to the four working groups.

Process Mining is a relatively new discipline within Big Data analytics and arose from the research conducted at Eindhoven University of Technology (TU/e). Process Mining discovers how business processes are really executed and identifies hidden cost drivers, weaknesses and bottlenecks. Using Process Mining, organizations such as Siemens, ABB, UBS and many more could significantly improve their business processes.

In order to further advance Research and Development in the area of Process Mining, four working groups have been established between the TU/e and Celonis SE.

Working groups for applied research

The working groups focus on various challenges such as process discovery, conformance checking, and multi-instance mining with the goal to provide novel insights and better diagnostics. In all four working groups, TU/e and Celonis SE join forces to go beyond the state of art by combining the latest research results with industry-strength software. With this new close cooperation the team around Professor Wil van der Aalst and Celonis SE aim to close the gap between academia and industry.

The combination of Research and Practice

Professor Wil van der Aalst is seen as the “Godfather of Process Mining”. He is one of the most cited computer scientists in the world and established Process Mining as a new scientific discipline around the turn of the century. His ideas and publications form the foundation of Process Mining research and practical applications globally.

Celonis also has its origin in university research: In 2011, three students at the Technical University of Munich founded a company fully focusing on Process Mining software. Today, hundreds of customers use Celonis Process Mining in over 25 countries. Customers include numerous Fortune 500 companies, as well as many small and medium-sized organizations. Due to the widespread use of its software, Celonis has a deep understanding of Process Mining in practice, thus providing valuable input for the research challenges of tomorrow.

×
10/17/16
Celonis is a finalist in the Ernst & Young Award "Entrepreneur of the Year" 2016

“Courage, innovative technologies, strong customer loyalty” and “impressive growth, innovation and social responsibility” – these are the main criteria for the “Entrepreneur of the Year” award from Ernst & Young. Following the multi-stage selection process, Celonis has now made it to the final selection.

Celonis’ Process Mining technology provides a comprehensive insight into the actual processes of a company as well as hidden costs and weaknesses – thus promising companies a significant increase in efficiency and more compliance for their internal processes.

Today, Celonis is used by Fortune 500 companies in over 25 countries, and also by a large number of medium sized businesses. A success that has attracted investors: after Celonis grew for the first 5 years on its own on a turnover of 10 million Euro, well-known investors from Silicon Valley have gotten on board this summer.

This success was also recognized by third parties. As a result, Celonis now has a few prizes on the mantel, such as the Deloitte Fast50 Award for the fastest growing tech company in Germany, the SAP HANA Award or the KfW Founder Champion Award. The awarding of the EY “Entrepreneur of the Year” Awards is the grand finale of the annual competition. It takes place on 18th November 2016 in the German Historical Museum in Berlin.

×
06/07/16
Celonis raises $27.5 million in funding from Accel Partners & 83North

Today Celonis, the leading provider of a new category of big data analytics technology dubbed Process Mining, announces a $27.5 million Series A investment led by Accel and 83North (formerly Greylock IL). Celonis will use the funds to accelerate the global adoption of its solution, which aims to help organisations of all sizes improve their operational efficiency by 20-30%.

Over the years, the complex world of enterprise processes has become more and more difficult to navigate, and the efficiency of many companies’ key business processes has suffered as a result. Because of this, crucial process weak spots can easily be missed, ultimately at significant cost to a business.

Celonis’ Process Mining big data technology automatically analyses enterprise event data to bring end-to-end transparency and efficiency to these business-critical processes. The technology provides full insight into how a company’s business processes are being executed, uncovering cost-drivers and hidden weak spots. Delivering these insights in real time means that companies no longer lose time searching for root causes, and can instead focus on implementing measures to increase their operational efficiency and bottom line. The technology can be easily implemented for any digitized processes, and is already in use by over 200 customers across 15 different industries.

Celonis was founded in 2011 by three former students of the Technical University of Munich, Alexander Rinke, Bastian Nominacher, and Martin Klenk, and was bootstrapped through strong customer demand. The company’s clients span 25 countries and include global Fortune 500 companies such as Siemens, KPMG, Deloitte, Bayer, Vodafone, as well as a wide range of medium-sized companies.

“Everything about Celonis thrilled us,” said Laurel Bowden, Partner at 83North. “Celonis offers an outstanding product that finally delivers a ‘true and holistic view’ of how organizations create value. By that it goes way beyond what traditional analytics could ever accomplish. Its benefits are clearly and quickly understood by customers and can be easily translated into business and bottom line benefits. The market is enormous. All enterprises, large and small, could use Celonis. We are just at the beginning of seeing process mining use-cases.”

Harry Nelis, Partner at Accel, said: “We are excited to partner with the Celonis team and to help them achieve their mission of taking the Process Mining category worldwide. Alex, Bastian and Martin have built a high-growth and profitable company straight out of university, and already serve a long list of large multinational customers, all without raising any external funding to date. We look forward to helping them reach their next stage of growth, particularly in the US market.”

In 2015, Celonis signed a global reseller agreement with SAP, for whom Process Mining has played a pivotal role alongside its new in-memory database, SAP HANA. Later in the year, Celonis was named Germany’s fastest-growing technology company in the Deloitte Fast50 Awards, following a four-year revenue growth of 3,951%.

“With Accel and 83North, we’re honoured to have two partners on our side who are experienced with tech companies and the challenges of scaling globally,” said Alexander Rinke, Co-Founder and Co-CEO of Celonis. “Not only will this funding give us more flexibility to plan and execute our growth strategy, but both investors can support us with valuable practical experience, infrastructure and strategically-important contacts.”

The funding will be mainly used to boost go-to-market operations, improve technology, and further global expansion. Rinke, who was recently listed in Forbes’ 30-under-30 list, added: “Our goal is to create a new category in the analytics space and bring Process Mining technology to customers all over the world. The partnership with Accel and 83North is a crucial milestone in our journey.”

More information:

×
1 2 3 4 6