Ottawa’s Kinaxis has added a major automaker to its client portfolio in a deal that executives are framing as a long-term partnership.
The Kanata-based firm, which sells supply chain management software, announced last week that Nissan Motors will use its flagship RapidResponse product to track production and sales analytics across its operations.
Koichiro Sakakibara, a representative of Nissan’s manufacturing division, said in a statement that this was the beginning of “a long-term partnership” between the two firms, highlighting the flexibility and scalability of RapidResponse in managing Nissan’s global supply chain.
"Kinaxis continues to solidify its unique value proposition as a single solution to the supply chain challenges faced by today's manufacturer,” added Kinaxis CEO John Sicard.
Nissan joins automaker Volvo as a Kinaxis client, as well as defense manufacturer Lockheed Martin, and large firms including Nikon, Cisco and GoPro.
Shares of Kinaxis Inc. (TSX:KXS) have yet to recover from a rough June, which saw the company’s stock price drop as low as $79, a 12 per cent drop from the beginning of the month. As of midday trading, Kinaxis’ shares were priced at $78.12.