This archive report was first published on 10 December 2019.
December 10, 2019
Compulynx Ltd, a Kenyan tech firm, has marked 25 years of operation by unveiling a new brand identity and expanding its offerings to include cloud-enabled applications and e-commerce solutions.
By moving its applications to the cloud, Compulynx aims to reduce costs and associated risks for consumers, such as retailers, who can access cloud-hosted solutions through a time-specific license fee.
The company is also rolling out dynamic, secure, and scalable e-commerce solutions to cater to the growing culture of online shopping, driven by an expanding middle class, high internet penetration, and widespread use of mobile money platforms.
Compulynx founder and CEO, Sailesh Savani, said the decision to rebrand is about taking a fresher look at the future and embracing cloud and e-commerce.
"We see cloud computing and e-commerce greatly impacting the way businesses will operate and grow in the coming years, and we at Compulynx want to be at the forefront of embracing cloud and e-commerce. As the company marks 25 years, these new cloud and e-commerce offerings signify our agility," Sailesh said.
The e-commerce platform will complement Compulynx's existing retail software solutions, including the Compulynx Retail (CORE) point of sale, inventory management, loyalty management software, business intelligence, and hand-held mobile devices with functionalities such as price checker and stock count.
Compulynx is also rolling out COMPAS-e-KYC, a solution that uses multi-modal biometrics to curb fraud based on identity theft and secure holders.
The company is exploring opportunities in healthcare with its Smarthealth Passport, an identity management and insurance claim management switch system for the health insurance industry.
"It provides a secure switching platform between insurance companies and medical service providers using biometrics to curb medical claim fraud emanating from identity theft," Sailesh said.
