September 10, 2024,Ottawa, Ontario, Canada : Kinaxis Inc. (TSX:KXS), a global leader in end-to-end supply chain orchestration, is today responding to a letter from Daventry Group, an activist shareholder, for the company to initiate a sale process.
Kinaxis routinely engages with shareholders and welcomes their feedback, including Daventry Group, with whom the company met on August 28. Kinaxis is disappointed Daventry elected to publish its letter with demands for a sale process, rather than continue to discuss its views privately with the company.
Kinaxis has a proven track record of success and a reputation for delivering excellence for customers and shareholders. Kinaxis is a market leader in AI-driven supply chain orchestration with its end-to-end platform Maestro, and a ten-time Leader in Gartner’s Supply Chain Planning Solutions Magic Quadrant. The company continues to scale its platform to capture even more of the $16B supply chain management software market.
The Board of Directors will review the letter from Daventry Group and does not intend to comment further unless and until the Board has approved a specific course of action and/or the Company has determined that further disclosure is appropriate or required by law.