Acceleration Economy
  • Home
  • Cloud Wars
  • Analyst Content
    • By Category
      • AI/AI Index
      • Cloud/Cloud Wars
      • Cybersecurity
      • Data
    • By Interest
      • Leadership
      • Generative AI
      • Partners Ecosystem
      • Process Mining
      • Sustainability
    • By Industry
      • Financial Services
      • Healthcare
      • Manufacturing
      • Retail
    • By Type
      • Guidebooks
      • Summits
      • Roundtables
      • Video Moments
    • By Vendors
      • All Vendors
      • AI/Hyperautomation
      • Cloud
      • Cybersecurity
      • Data
  • Courses
    • Cloud Wars Top 10
    • Cultural Impact of GenAI
    • Cocreation in the AI Ecosystem
    • More …
  • What we do
    • Advisory Services
    • Marketing Services
    • Event Services
  • Who we are
    • About Us
    • Practitioner Analysts
  • Subscribe
Twitter Instagram
  • Summit NA
  • Dynamics Communities
  • AI Ecosystem
Twitter LinkedIn
Acceleration Economy
  • Home
  • Cloud Wars
  • Analyst Content
        • By Category
          • AI/AI Index
          • Cloud/Cloud Wars
          • CybersecurityThe practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.
          • Data
        • By Interest
          • Leadership
          • Generative AI
          • Partners Ecosystem
          • Process Mining
          • Sustainability
        • By Industry
          • Financial Services
          • Healthcare
          • Manufacturing
          • Retail
        • By Type
          • Guidebooks
          • Summits
          • Roundtables
          • Video Moments
        • By Vendors
          • All Vendors
          • AI/Hyperautomation
          • Cloud
          • Cybersecurity
          • Data
  • Courses
    • Cloud Wars Top 10
    • Cultural Impact of GenAI
    • Cocreation in the AI Ecosystem
    • More ...
  • What we do
    • Advisory Services
    • Marketing Services
    • Event Services
  • Who we are
    • About Us
    • Practitioner Analysts
  • Subscribe
    • Login / Register
Acceleration Economy
    • Login / Register
Home » Celonis’ Alex Rinke Doubles Down on Innovation, Partners With Fresh $1B
Cloud Wars Horizon

Celonis’ Alex Rinke Doubles Down on Innovation, Partners With Fresh $1B

Cloud Wars Horizon CEO Outlook 2022 Interview
Tom SmithBy Tom SmithAugust 24, 2022Updated:March 14, 20233 Mins Read
Facebook Twitter LinkedIn Email
To adjust the volume hover the cursor over the volume bar
Share
Facebook Twitter LinkedIn Email

Welcome to a special video interview with Alex Rinke, the co-CEO of execution management system leader Celonis.

The interview started with a focus on yesterday’s news from Celonis that it has secured an additional $1 billion in funding through a $400 million equity round and a $600 million credit facility. That $1 billion puts the company’s total funding over $2.3 billion, and its valuation at nearly $13 billion.

The company said that the funding will be used to support product innovation, expanded customer adoption, potential acquisitions, and a broader footprint through its partner ecosystem.

Rinke met with Acceleration Economy co-founder John Siefert and Acceleration Economy analyst/Cloud Wars Horizon host Tom Smith. He addressed a wide range of topics including the drivers behind this new funding, customer buying activity, customers’ IT complexity, and the value of partner ecosystems.

Highlights of our discussion are below.

Highlights

02:32 — The widespread supply chain challenges that companies are experiencing, which Celonis helps address through its Execution Management System technology, appear to make it the right company in the right place at the right time as it secures $1 billion more in funding. 

03:03 — The backdrop for the new funding is a “surge in demand for execution management software,” which Rinke says is happening because companies need help with optimizing their day-to-day operations, figuring out how to outrun inflation and a potential recession, and dealing with pressing supply chain problems (including supplies not being available).  

07:05 — Customer conversations are increasingly elevated and taking place at the C-level, where execution management “has moved up in priority.” 

09:45 — Celonis is finding success with customers who have IT sprawl because “we provide the ability to say that’s OK, that’s reality. Don’t try to reverse gravity and try to re-consolidate everything into one system,” Rinke says. “It’s not going to work anyway. Embrace execution management, it’s a cross-platform, cross-process discipline to really understand how your business is running across all these different systems and processes.”

013:35 — Rinke explains what the additional funding will mean for customers who “can expect a thriving and vibrant platform ecosystem community that continues to deliver innovation and value at a very rapid pace.”

14:37 — Are there specific voids the company is looking to fill through acquisitions or internal development? Rinke says the company aims to deliver value faster and to deliver more of it to customers. Sometimes, customers use its platform “in places we wouldn’t have believed.” He cited the example of airline and retail customers with staffing issues that use the platform to optimize people-related processes and make the workforce more productive.

15:32 — Recent acquisitions have focused on improvements, including the ability to embed execution management everywhere.

16:35 — Additional funding will help the company “double down on product innovation” and expand its partner ecosystem so it can identify as many opportunities — and use cases — as possible. “We can only understand a small portion of domains and there’s a huge opportunity in the ecosystem” by partnering with ISVs, integrators, strategy consultants, and business process optimization consultants. The company aims to “build a deep ecosystem centered around innovation and customer value.”

For more exclusive coverage of innovative cloud companies, check out Cloud Wars Horizon here:

Celonis Cloud Wars Horizon funding innovation Lightning Strike Practitioner Roundtables supply chain management
Share. Facebook Twitter LinkedIn Email
Analystuser

Tom Smith

Editor-in-Chief, Acceleration Economy
Cloud Wars Horizon Host

Areas of Expertise
  • Business Apps
  • Cloud
  • Digital Business

Tom Smith analyzes cloud companies, cloud technology, and cloud customer strategies for Acceleration Economy. He has analyzed and worked in the tech industry for more than 20 years.

  Contact Tom Smith ...

Related Posts

Cloud Wars CEO of the Year: Who’s Your Pick?

December 1, 2023

Celosphere 2023: PepsiCo’s Chris Knapik on Process Mining and Generative AI Use Cases

December 1, 2023

How Marriott Benefited From Couchbase Offerings

December 1, 2023
Workday

Workday’s Big Q3: Co-CEO Eschenbach Cites 3 Top Customer Priorities

November 30, 2023
Add A Comment

Comments are closed.

Recent Posts
  • Cloud Wars CEO of the Year: Who’s Your Pick?
  • Celosphere 2023: PepsiCo’s Chris Knapik on Process Mining and Generative AI Use Cases
  • How Marriott Benefited From Couchbase Offerings
  • Workday’s Big Q3: Co-CEO Eschenbach Cites 3 Top Customer Priorities
  • NetRise Introduces AI-Powered Trace Capability for Enhanced Supply Chain Security

  • 2X a week
  • Analyst Videos & Articles
  • Exclusive Digital Business Guidebooks
This field is for validation purposes and should be left unchanged.
Most Popular Guidebooks

The Role of CASB with DLP | Unlocking Hybrid Work’s Potential Safely

November 16, 2023

Scale Cloud Native with a Forward-Looking Observability Strategy 

October 26, 2023

The Innovative Power of IBM’s Partner Ecosystem 

October 16, 2023

The Business Impact and Opportunity of Generative AI

September 29, 2023

Advertisement
Acceleration Economy
Twitter LinkedIn
  • Home
  • About Us
  • Privacy Policy
  • Get In Touch
  • Advertising Opportunities
  • Do not sell my information
© 2023 Acceleration Economy.

Type above and press Enter to search. Press Esc to cancel.

  • Login
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.