The Spanish technology company Orizon will launch on the market in 2022 the first standard on the market applicable to any type of organization with a complex technological infrastructure, capable of guaranteeing the efficiency of the behavior of its software, both from the point of view of costs and functionality for the business.
The company will develop this new standard from its own BOA technology, currently used by all the large banks and insurance companies in our country to optimize the performance of their technological infrastructures. The company also operates in this same environment in Brazil, Peru and Colombia.
According to the company, the demand for a standard of this type will grow exponentially because the performance of the technology continues to be a serious problem for the business fabric. In fact, Orizon estimates that this market will move around 300 million euros in our country and that will reach 12,000 million of euros on a global scale in a period of four years, since its application allows to reduce, according to real data, up to 40% the costs of infrastructures and technological applications of companies and over 25% the consumption and times of response of applications directly linked to the business.
Orizon, which since its inception has focused its strategy on offering a software behavior management model from a dynamic point of view (while it is working) and using KPIs linked to business objectives, with this new standard opens its market outside of the banking sector, in which it has achieved notable success with more than 500 million processes and 3 billion transactions managed. Orizon will begin to offer this new standard to the utilities sectors, with which it has already started working, and telecommunications.
According to the company, this new standard is highly innovative since, in summary, it allows any organization not only to detect what problems its technological infrastructures have (classic monitoring tools), but how they affect the business and how to solve them and optimize them to avoid repetition.
It should be noted that Orizon’s BOA technology, in which the company has already invested more than 2.5 million euros and more than two million hours of development, has also received the support of the Center for Industrial Technological Development (CDTI) for its evolution and the development of a complete prototype of this new performance standard, due to its highly innovative nature.
According to Ángel Pineda, CEO of Orizon, “we are providing the world of companies with a new way of seeing and analyzing the operation of their technology, in short, of managing it, and not through still photos, but in a fluid and dynamic way, from beginning to end. As an example –adds Pineda–, it is a proposal as disruptive as it could be in its day to propose a standard system to manage business, such as SAP, but now applied to ensure the performance of the technology in which they are based ”.
Orizon’s proactive and intelligent performance monitoring standard is supported on its BOA platform and is based on eight phases, which include the ingestion of data from multiple sources, its treatment and transformation, the consolidation of this data, the definition of KPIs , the establishment of procedures for the automated resolution of incidents, the support to all these processes and the continuous measurement of the results. These eight phases develop in an increasingly automated way and constitute a virtuous cycle that continuously feeds on each other.
Capital increase
In order to face this new stage, Orizon has designed a strategic business plan that includes a capital increase that the company is currently analyzing. The new stage is based on three pillars: maintenance of its R&D work around the evolution of its BOA platform, the commercialization of its solution in SaaS mode (Software as a Service) through platforms such as Amazon Web Services or Microsoft Azure and access to the European market.
The company, which will reach 3.5 million euros in its financial year 2021, 13% above its initial forecasts, maintains its four-year business plan, defined in 2019 and which involves obtaining a turnover above seven and 10 million euros in 2022 and 2023, respectively. However, and depending on the execution deadlines, the company does not rule out an upward revision of these figures. In this sense, and according to Pineda “we prefer to be conservative in terms of our forecasts, but we do not rule out a strong acceleration of the business if everything goes according to plan and exceed 100 million euros in turnover with a human team of 400 professionals in the term of five years”.
