Amalto

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.

In 2008, Chevron selected Amalto's b2een solution to enable electronic transactions with its suppliers.

In June 2009, Amalto Technologies closed an A share sale to Succès Europe, a French angel investor holding.

Amalto developed a master data management (MDM) product Xtentis by 2008. It was based on a native XML database and leveraged open-source technology, such as eXist XML server and JBoss.

In September 2009, Xtentis was acquired by Talend, a French open source software vendor. In January 2010, the system was released as an open source product under name Talend MDM (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 on the market.

In February 2011, the company launched Amalto e-Business Cloud, a B2B electronic document exchange solution for trading partner collaboration.

In 2013, Amalto, together with Calgary-based wireless field ticketing company Spira Data, launched the Field-to-Finance product. It is an e-commerce solution which combines Spira's ticketing and data capture tools with Amalto's B2B electronic invoicing to speed invoice payments and to reduce days sales outstanding (DSO).

Products and services

Amalto's main products include e-Business Cloud, a data system for B2B management, and b2een, a solution for secure data transfers within public or private communities.

e-Business Cloud software supports electronic B2B transactions with trading partners and automates the exchange of business documents.

b2een combines proprietary peer-to-peer technology, a Web-based user interface and a native XML database to facilitate secured document exchanges with trade/business partners within communities. Once registered on b2een.com, a client may subscribe to open or private communities — and, after that, establish relationships with community members and start exchanging messages with them through B2B software. All exchanges are digitally signed and encrypted. Specific rules within a given community can be set (such as allowed document types or specific control/validation rules). The software is available as a free download.

Typically, suppliers generate invoices using an Excel or CSV template. They can put supporting documents, such as scanned field tickets, into a specific folder, or attach to a message via the b2een user interface. These submissions are checked for supplier ID and transformed by the software into PIDX format, then relayed to a client, which in turn sends back an e-document acknowledgement to the suppliers. This allows to speed up the processes and minimize errors in dealing with a large number of suppliers.

Amalto also sells services of trading partner community management, which is used for a private (such as Chevron suppliers) or public communities (operators and suppliers of the oil and gas industry). Ariba is one of the clients of Amalto for such services. Amalto also implements trading partners' community management as SaaS.

Clients

Amalto provided services to such corporations as Chevron, GE Oil & Gas, Total S.A. (downstream division), BAPCO, ConocoPhillips, Occidental Petroleum, and Ariba. As of 2011, over 20% of electronic invoices sent to Chevron by its suppliers were dispatched using software of Amalto.

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. Amalto worked with such suppliers as Mullen Group, Dixie Electric, Complete Production Services, Stallion Oilfield Holdings and others.

Recognition

Amalto was rated by Gartner to be one of the three Cool Vendors in Platform and Integration Middleware in 2009.