Syntellis Performance Solutions LLC

Syntellis Performance Solutions LLC

Type	Private
ISIN	🆔
Industry	Enterprise Performance Management, Software Company, Healthcare, Higher Education, Financial Institutions
Founded 📆	2020
Founder 👔
Headquarters 🏙️	Chicago, IL
Area served 🗺️	North America, Europe, Australia
Key people	Kermit S. Randa, CEO Mary Katherine “M.K.” White, Chief Client Officer Kevin Smith, Chief Product Officer Steven M. Wasson, Executive Vice President and General Manager, Data & Intelligence Solutions Sathish Gaddipati, Chief Technology Officer
Products 📟	Axiom
Members
Number of employees	360 (June 2021).
🌐 Website	www.syntellis.com
📇 Address
📞 telephone

Syntellis Performance Solutions LLC is an American provider of enterprise performance management (EPM) software solutions for healthcare, higher education, and financial institutions. In addition to its Chicago headquarters, Syntellis has a significant presence in Portland, Oregon. The company’s Axiom software has 450,000 users, processing more than one million budgets and forecasts daily.

History

Syntellis was founded in 2020 as a standalone company after a spinout from the management consulting firm Kaufman, Hall and Associates LLC. Syntellis encompasses the former Kaufman Hall Software and the Connected Analytics software products purchased from Change Healthcare in early 2020 and the acquisition of IDEA software later that year.

Syntellis and Kaufman Hall have formed a strategic alliance to continue to support and advance the needs of their mutual clients, with Syntellis serving as Kaufman Hall's enterprise performance management (EPM) and data analytics provider of choice. Private equity firms Thoma Bravo and Madison Dearborn Partners made significant investments in Syntellis at the time of its founding. MDP remains an investor in Kaufman Hall.

Syntellis traces its origins to Axiom EPM, founded in Portland, Oregon, in 2009 and acquired by Kaufman Hall in 2014. The company made two healthcare company acquisitions in 2016, KREG Information Systems for contract management, budgeting, and decision support capabilities and Total Benchmark Solution for its data and clinical analytics capabilities. In 2017, Kaufman Hall acquired Retikal LLC, a software consulting company in higher education.

Syntellis traces its origins to Axiom EPM, founded in Portland, Oregon, in 2009 and acquired by Kaufman Hall in 2014. The company made two healthcare company acquisitions in 2016, KREG Information Systems for contract management, budgeting, and decision support capabilities and Total Benchmark Solution for its data and clinical analytics capabilities. In 2017, Kaufman Hall acquired Retikal LLC, a software consulting company in higher education.

Origin of name

The name "Syntellis" is a fusion of the words "synthesis" and "intelligence," representing the power of bringing things together to produce an outcome far greater than the sum of its individual parts. The name signifies a focus on delivering solutions that turn data into intelligence and transforming that intelligence into a clear path forward for its clients.

Recent accomplishments

Syntellis partnered with higher education vendor Ellucian in 2018, achieving Ethos Connected status a year later. The partnership expanded in 2021, giving Ellucian clients the option to buy select products in the Axiom Higher Education Suite through Ellucian.

In 2019, Gartner placed Axiom Software in the Challengers quadrant of its “Magic Quadrant for Cloud Financial Planning and Analysis Solutions” for the second straight year. Syntellis’ Axiom Healthcare Suite has received the Healthcare Financial Management Association's Peer Reviewed designation for six years. In 2020, Syntellis announced a relationship with Fiserv, whereby Fiserv would sell Axiom Planning and Profitability in conjunction with its Prologue software. Today, Fiserv offers Axiom Planning and Profitability and Axiom Pricing and Relationships as part of its financial performance and risk management ecosystem .

Black Book Market Research LLC named Axiom Decision Support and Cost Accounting the No. 1 solution among its peers in 2020, receiving top marks in 10 key performance areas, including innovation and optimization, technology, client relations, trust, integration, scalability, reliability, brand image, financial viability, and security. Also in 2020, Axiom Contract Management was named by Black Book as the top-ranked solution for the second consecutive year .

Axiom Comparative Analytics won a gold Stevie Award in the data visualization category of the 19th Annual American Business Awards in 2021. Syntellis won a bronze Stevie in the large computer software category. Axiom Comparative Analytics also won a bronze award in the artificial intelligence/machine learning solution category, and the Axiom Enterprise Performance Management Suite won bronze in the cloud application/service category

Syntellis Performance Solutions

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