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Key people at Extensity.
Extensity was an Emeryville, California-based software company that developed internet-based workforce organization applications and Employee Relationship Management solutions to automate routine employee financial processes. The company provided a consolidated enterprise platform for business travel planning, expense reporting, billable payroll time capture, and procurement, successfully licensing more than one million software seats worldwide. This expense management suite was utilized by several major corporate customers to streamline operations, including multinational organizations like Cisco Systems, JPMorgan Chase, Merck, and AstraZeneca. After completing an initial public offering in 2000, the firm reached approximately $20 million in annual revenue before being acquired by Geac Computer Corporation in 2002 for $46.2 million. Following this transaction, the company's software assets were subsequently acquired and integrated by Infor in 2006. Extensity was originally founded in 1996 by co-founder Peter Nieh.
Key people at Extensity.
Extensity was an enterprise software company specializing in financial and operational applications, including expense management, workforce organization, financial administration, human resources, ERP for manufacturing and supply chain, and business analytics tools for CFOs and financial professionals.[1][2][5] It served large enterprises like AstraZeneca, Cisco Systems, JPMorgan Chase, Merck, and Thomson Corp., solving problems in compliance, regulatory reporting, business intelligence, and expense tracking with internet-based solutions.[1][3] The company achieved early public listing (EXTN in 2000), grew to ~$20 million in revenue by 2002, was acquired by Geac for ~$47 million that year, later integrated into Golden Gate Capital's portfolio post-Geac acquisition (2006, with ~$325 million revenue), and ultimately acquired by Infor.[1][3][5][6]
Extensity emerged in the late 1990s as a developer of internet-based workforce organization and expense management software, going public as EXTN in 2000 amid the dot-com boom.[5] By 2002, facing losses (~$5 million in Q2) and a CFO resignation, it was acquired by Geac Computer Corp. for ~$47 million ($1.75 per share or Geac stock equivalent), building on a prior strategic alliance; this followed Geac's divestiture of non-core assets like hotel systems.[3][7] Geac had itself bought Extensity's expense tech in 2002 after earlier acquiring related firms. In 2006, Golden Gate Capital acquired Geac for ~$1 billion, spinning out Extensity as an independent entity under CEO Ken Walters (ex-Dun & Bradstreet Software), starting with 12,500 customers, 1,100 employees across 42 global offices, and ambitions for $1B revenue by 2009 via acquisitions and R&D.[1] Investors included Lightspeed Venture Partners, Hummer Winblad, and later Infor, which fully acquired it.[2][5][6]
