Amalto
French software development company
From Wikipedia, the free encyclopedia
Amalto Technologies S.A. is a software development company based in Paris, France. The company develops and operates business-to-business (B2B) document exchange software solutions[buzzword] and provides system integration services. It serves the oil & gas, industrial, environmental and enterprise markets.[2]
Amalto Technologies is a private company owned by its management, employees and venture capitalists.[4] It has offices in the US (Houston), France (Paris) and Canada (Calgary).[2]
History
The company was founded in 2005 in Paris by four individuals who had either launched e-procurement projects as employees of oil and gas companies, or worked as suppliers to these companies and other operators.[5]
In 2008, Chevron selected Amalto's b2een solution[buzzword] to enable electronic transactions with its suppliers.[6]
In June 2009, Amalto Technologies closed a class A share sale to Succès Europe, a French angel investor holding.[7][8]
Amalto developed a master data management (MDM) product Xtentis by 2008.[9] It was based on a native XML database and leveraged open-source technology, such as eXist XML server and JBoss.[9][10]
In September 2009, Xtentis was acquired by Talend, a French open source software vendor.[11][12][13] In January 2010, the system was released as an open source product under name Talend MDM[14] (delivered as a free open source version Talend Open Studio for MDM and subscription-based Talend Platform for MDM). It became the first open source MDM solution[buzzword] on the market.[15]
In February 2011, the company launched Amalto e-Business Cloud, a B2B electronic document exchange solution[buzzword] for trading partner collaboration.[16]
On 6 April 2021, Sidetrade announced the acquisition of Almato for $16m.[17]
Products and services
Amalto's main offering is the e-Business Cloud, a private-cloud fully-managed solution[buzzword] supporting electronic B2B transactions with trading partners (clients, suppliers, logistics providers, ...) and automating business processes such as Order-to-Cash.
Clients
Amalto provides services to such corporations as Chevron, GE Grid Solutions, Suez, Thales Group, Iron Mountain, Clean Harbors, National Oilwell Varco (NOV). As of 2011, over 20% of electronic invoices sent to Chevron by its suppliers were dispatched using software of Amalto.[5]
Amalto focuses on "mid tier" suppliers, which send hundreds of invoices per year, which is a lot of manual work, but not enough for them to justify investing in more expensive electronic data interchange (EDI) systems for handling purchases.[18] Amalto worked with such suppliers as Mullen Group,[19] Dixie Electric,[18] Complete Production Services,[20] Stallion Oilfield Holdings[21] and others.