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  • Software Engineering
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Usha’s paper at BDBA conference in KL

Very excited to announce Lexi’s Data Operations Manager, Usha Balasundrum, as a speaker at the Big Data Business Analytics conference in Kuala Lumpur 17th-19th July 2019! Among distinguished speakers from SAP, Intel, BDO and many others, Usha will present Lexi’s AI-driven approach to Big Data Analytics that enables data-driven procurement for leading global electronics OEMs. https://lnkd.in/g5c6-kfhashtag #bigdata2019hashtag#bigdatahashtag#machinelearning

Related Links: https://www.linkedin.com/feed/update/urn:li:activity:6556738176965312513

Lexi Board Elects Göran Felldin as New Chairman

Supply Chain Data Analytics Startup Lexi Solution AB Names Software Industry Veteran Göran Felldin as Executive Chairman and Thanks Hendrik Trepp for Three Outstanding Years as Chairman

Stockholm, 2nd July 2019 – Supply chain data analytics SaaS provider Lexi Solution AB today announced that its Board of Directors has elected Göran Felldin as Executive Chairman, accepting the gavel from outgoing Chairman Hendrik Trepp after three years leading Lexi’s Board of Directors.

Felldin was one of the four founders of Intentia in 1983, an early Enterprise Resource Planning (ERP) software company that went on to be listed on the Stockholm Stock Exchange in 1996 and later to become one of the five biggest ERP companies in the world before eventually becoming part of Infor Global Solutions.  During his tenure with Intentia, Felldin built up the Asia-Pacific market for five years from a base in Malaysia, where Lexi also has its Data Operations Center.

In accepting his election as chairman, Felldin stated, “I am extremely pleased to have the opportunity to join Lexi at this point in its growth trajectory as we’re poised for global expansion.  The Lexi Cloud System is an application that solves realproblems within the global manufacturing industry – and it’s a platform that can be scaled.  My knowledge and experience from the early ERP years may in several areas help bring value to Lexi as we forge our way ahead.  Artificial Intelligence is the linchpin of Lexi’s value proposition – andit’s AI for real.”

Peter Röing, CTO & Founder, took the opportunity at the AGM also to thank Hendrik Trepp for three years of steady-handed strategic leadership as Chairman of Lexi since 2016.  “Hendrik helped tremendously during the past few years in a critical phase of Lexi’s development, as we transformed the company from more of a supply chain management and procurement consultancy to truly become an enterprise software company, a leader in enabling data-driven procurement for our global OEM customers.  We are extremely grateful to Hendrik and very pleased that he will remain on our Board.”

Robert Sawyer, CEO of Lexi, further noted that “Göran brings a valuable link to the academic world to Lexi, with past leadership roles in Industrial Collaboration initiatives at Linköping University in Sweden and Stanford University in the Silicon Valley.  Further, with his depth and breadth of experience working on the boards of many technology startups in Sweden and internationally, Göran will help us set our strategy and chart our course through a rapid international growth phase.”

In addition to Göran Felldin’s appointment at Chairman at Lexi’s AGM on 27th June 2019, Lexi is also pleased to announce the appointment of Jenny Sperens as a member of Lexi’s Board of Directors.  Göran Felldin commented, “As a senior executive in the ICT division of the Research Institutes of Sweden (RISE), Jenny brings to Lexi broad expertise in the field in digitalization of Information & Communications Technologies and a deep technical background with multiple degrees from leading universities in Sweden and California.  We welcome her to our board and look forward to her contributions.”

About Lexi

Lexi aspires to change the world through data, bringing clarity and insight to complex supply chains.

Lexi brings transparency to supply chain management with its unique cloud-based enterprise software solution that uses machine learning to provide authenticated, accurate product details to Original Equipment Manufacturers (OEMs).  Founded in Stockholm in 2011, and with a Data Operations Center in Penang, Malaysia, Lexi delivers data-driven business intelligence insights to prioritize actions for OEMs to lower costs and improve supply chain health. With its predictive and prescriptive optimization algorithms, Lexi empowers manufacturing, engineering, supply chain and procurement leaders to make faster, smarter product design and sourcing decisions. For more information, visit www.lexisolution.com .

The Lexi Cloud System –
Unlock the Hidden Value in Your Supply Chain Data with AI

SOURCE:  Lexi Solution AB

For further information, contact Robert Sawyer, tel +46 8 625 11 50.

Related Links:  https://lexisolution.com/

Robert Sawyer tar över rodret för svenska startupen Lexi Solution

Lexi Solution, en svensk SaaS-leverantör av supply chain inriktade dataanalystjänster har utsett Robert Sawyer som ny vd för att leda företaget i sin internationella tillväxtfas.

Vissa av er kanske känner igen Robert Sawyer från hans nästan 20 år inom elektronikindustrin. Han har suttit på ledande positioner bland flera olika EMS-företag i Europa, Asien och Nordamerika. Till Lexi tar Robert med sig sin erfarenhet av elektronikproduktion, supply chain management och internationell affärsverksamhet.

Peter Röing, som grundade bolaget 2011 och även axlat rollen som vd, inledde sökandet efter en internationell ledare tillsammans med Lexis styrelse förra året med målet att ta företaget framåt i nästa fas av tillväxten. Peter kommer nu att ta sig an rollen som CTO och ”Chief Evangelist” inom Lexi och fortsätter sitt arbete med att utveckla bolaget AI-drivna, molnbaserade programvaruplattform.

– Vi är väldigt glada att välkomna Robert till Lexi och känner oss lyckligt lottade över att ha kunnat attrahera någon av hans kaliber och gedigna internationella erfarenhet. Robert och jag har arbetat mycket nära varandra för tio år sedan som kollegor i EMS-branschen. Robert har också varit engagerad många gånger under åren i flera Lexi-projekt och känner därmed våra kunder och företaget inifrån och ut och är definitivt rätt person att leda vår internationell expansion när vi skalar upp Lexi, säger Peter Röing i ett pressmeddelande.

Under sina närmare 20 år inom EMS-branschen har Robert Sawyer blivit ett bekant namn inom elektronikindustrin och styrt flera tillverkare från vd-rollen. Kanske är det hans tid hos den Thailändska EMS-koncernen SVI – som ni kanske minns köpte österrikiska Seidel Electronics vilket Robert sedermera blev vd för, eller hans tid hos danska GPV. Han har också drivit ett mjukvaruföretag i Schweiz i många år som senare såldes till MICROS.

Själv säger Robert att han är hedrad över att ha fått uppdraget av Peter och Lexis styrelse att leda bolaget i dess nästa steg.

– Lexi har etablerat sig och bevisat kraften i sin AI-lösning för sina kunder, som inkluderar några av världens största och mest kända elektronikföretag. Att skala upp Lexi till att bli global spelare är ett fantastiskt tillfälle som vilken företagsledare som helst skulle välkomna, säger Robert i pressmeddelandet.

Related Links: https://evertiq.se/news/37470

Lexi is very pleased to welcome Usha Balasundaram as Manager of our Data Operations team in Malaysia!

Usha, who holds a Master Degree in Software Engineering, brings with her deep experience and know-how in Big Data Analytics in electronics manufacturing and supply chain operations from leading MNCs including Flextronics, Agilent, Motorola, Lumileds, and most recently, Tableau.

Usha will lead Lexi’s Data Operations team in Penang and will be responsible for driving on-time execution of Lexi’s fast-growing volume of large-scale projects for our customers, which include some of the biggest and best-known global OEMs.

Usha’s passion for and skills in advanced database tools, such as applications of artificial intelligence, will help take Lexi forward in using AI to augment human ingenuity and ensure success for our customers.

https://www.linkedin.com/feed/update/urn:li:activity:6548461055314669568

Robert Sawyer to lead supply chain data analytics startup Lexi

Swedish supply chain data analytics SaaS provider, Lexi Solution AB, has appointed Robert Sawyer as CEO to lead the company into its international growth phase.

Some of you might recognise Robert Sawyer from his nearly 20 year with EMS companies in Europe, Asia and North America. To Lexi, Sawyer brings with him his experience in electronics manufacturing, supply chain management and international business as the company plans further expansion of its business globally.

“We are extremely excited to welcome Bob to Lexi and feel fortunate to have been able to attract someone of his calibre and international experience. Having worked very closely together more than 10 years ago as colleagues in the EMS business, and since then many times over the years with us on several Lexi projects, Bob knows our customers and business inside and out and is definitely the right person to lead our international expansion as we scale up Lexi,” says Peter Röing in a press release.

During his nearly 20 years in the EMS industry, Sawyer has held director, VP and CEO roles in leading tier-1 and tier-2 EMS providers based in Malaysia, Thailand, Scandinavia and Austria. He also ran an enterprise software company in Switzerland for many years that was later sold to MICROS.

“I’m honored and grateful to Peter and Lexi’s board for the opportunity to lead this exceptional organization of creative, dedicated and talented professionals,” says Sawyer. “Lexi has established itself and proven the power of its AI solution for its customers who include some of the biggest and best-known electronics companies in the world. Scaling up Lexi to be a truly global player is a terrific opportunity that any leader would welcome.”

Related Links: https://evertiq.com/news/46378

Lexi Appoints New CEO to Lead Growth Phase

Supply Chain Data Analytics Startup Lexi Names International EMS Executive Robert Sawyer as its CEO

Stockholm, 31st May 2019 – Supply chain data analytics SaaS provider Lexi Solution AB today announced it has appointed Robert Sawyer as CEO to lead the company into its international growth phase. With nearly 20 years in leadership roles in leading Electronics Manufacturing Services (EMS) companies in Europe, Asia and North America, Sawyer brings to Lexi deep experience in electronics manufacturing, supply chain management and international business as the company plans further expansion of its business globally.

Peter Röing, who has led the company as CEO since founding Lexi in 2011, initiated the search last year together with Lexi’s Board to bring in an international leader to take the company forward in the next phase of its growth. Röing is now assuming the role of CTO and “Chief Evangelist” in Lexi, continuing his work as the lead architect of the Lexi’s AI-enabled, cloud-based enterprise software platform.

Peter Röing said, “We are extremely excited to welcome Bob to Lexi and feel
fortunate to have been able to attract someone of his calibre and international experience. Having worked very closely together more than 10 years ago as colleagues in the EMS business, and since then many times over the years with us on several Lexi projects, Bob knows our customers and business inside and out and is definitely the right person to lead our international expansion as we scale up Lexi.

During his nearly 20 years in the EMS industry, Sawyer has held director, VP and CEO roles in leading tier-1 and tier-2 EMS providers based in Malaysia, Thailand, Scandinavia and Austria. He also ran an enterprise software company in Switzerland for many years that was later successfully sold to MICROS. His educational path includes a Bachelor Degree in Industrial Engineering from Stanford University and an MBA from SMU’s Cox School of Business in Dallas, Texas, as well as studies overseas in Berlin and Antwerp.

“I’m honored and grateful to Peter and Lexi’s board for the opportunity to lead this exceptional organization of creative, dedicated and talented professionals,” said Sawyer. “We produce a highly innovative, breakthrough solution that delivers phenomenal results for our customers’ supply chains. Lexi has established itself and proven the power of its AI solution for its customers who include some of the biggest and best-known electronics companies in the world. Scaling up Lexi to be a truly global player is a terrific opportunity that any leader would welcome.”

Hendrik Trepp, Lexi’s Chairman of the Board, noted “Technology today is a commodity, but an effective solution requires intimate understanding of the customer and their needs and gaps. Lexi’s Cloud System brings that cutting edge technology, and Peter Röing plus Robert Sawyer combine to make a powerhouse team to deliver this solution to the global marketplace.

About Lexi

Lexi aspires to change the world through data, bringing clarity and insight to complex supply chains. Lexi brings transparency to supply chain management with its unique cloud-based software solution that uses machine learning to provide authenticated, accurate product details to Original Equipment Manufacturers (OEMs). Founded in Stockholm in 2011, and with a Data Operations Center in Penang, Malaysia, Lexi delivers data driven business intelligence insights to prioritize actions for OEMs to lower costs and improve supply chain health. With its predictive and prescriptive optimization algorithms, Lexi empowers manufacturing, engineering, supply chain and procurement leaders to make faster, smarter product design and sourcing decisions. For more information, visit www.lexisolution.com .

The Lexi Cloud System –
Unlock the Hidden Value in Your Supply Chain Data with AI

SOURCE:  Lexi Solution AB

For further information, contact Robert Sawyer, tel +46 8 625 11 50.

Related Links:  https://lexisolution.com/

Lexi Raises SEK 3.8M in Over-Subscribed Funding Round

Recently Completed Funding Round Increases Momentum for Data-Driven Procurement Platform Using Machine Learning to Save OEMs up to Millions of Dollars in Product Costs

Stockholm, 21st May 2019 – Supply chain data analytics software startup Lexi Solution AB today announced it has raised SEK 3.8 million in additional funding for its mission to provide breakthrough AI and cloud data processing software services to meet the exploding data demands of the electronics industry.

The latest backing for the technology platform, which delivers huge cost savings, risk reduction and supply chain transparency for Lexi’s OEM customers, comes from strong participation from existing shareholders as well as from several new investors, including, for the first time, investors from outside Sweden, in Austria and Asia. Total funding to date amounts to SEK 25 million.

“Data-driven insights enabled by AI will be key to innovation in the management of global supply chains, which have become simply too huge, complex and dynamic to manage with traditional tools. In many ways, where Lexi is today, with its AI-powered big data analytics for supply chains, is reminiscent of where CRM was in the early 1990s.  Lexi is a unique disrupter in this industry, and I am very pleased to take the opportunity to jump onboard now,” says Daniel S. McKinney, a seasoned investment professional in the software industry who has chosen to make a major contribution in this Lexi share issue.

Peter Röing, Lexi’s Founder & CTO says, “Winning the support of our distinguished circle of investors is further validation of our vision to fully enable data-driven procurement via our scalable AI applications for the electronics manufacturing industry and make ‘predictive COGS’ possible. With this investment we will be able to accelerate our execution on several new, signed customer contracts and invest in resources needed to capitalize on the growing customer funnel.  We will now move forward with our plan to bring onboard an international leader as the new CEO of Lexi to take us forward with our global expansion – details to be announced soon!”

Maximizing Cost Savings, Minimizing Risk
Historically, manufacturers have struggled to attain end-to-end supply chain visibility as 80 percent of the data needed to successfully manage global supply chains exists outside their organizations. Lexi solves this problem by ingesting 100 percent of the data and then, using a combination of machine learning and human expertise, identifies and monitors the most relevant details and actions for lowering costs and improving supply chain health. On average, Lexi’s customers have cut Bill of Materials (BOM) costs by more than five percent, which translates into hundreds of thousands – and in some cases, up to millions of dollars – in total product cost savings.

Lexi accomplishes this by continuously harvesting terabytes of structured and unstructured data about components and parts from hundreds of public and private sources, including the customer’s own electronics manufacturing services (EMS) subcontractors, distributors and component manufacturers. Once Lexi uploads its customers’ costed bills of material (CBOMs) into its big data platform, Lexi’s AI engine then automatically harmonizes, cleans, corrects and classifies the data by part type, category, cost, lead-time, lifecycle status, compliance – any of hundreds of attributes that Lexi applies to characterize each part.

Lexi’s resulting dataset of “golden data” expands continuously and opportunistically to enable predictive and prescriptive analytics as well as to produce authenticated, meaningful supply chain insights that generate long-term, sustainable results that drop straight to its OEM customers’ bottom lines

Lexi is helping an ever-increasing roster of customers reap greater value from their supply chains, including ABB, ASSA ABLOY, Getinge, Husqvarna, Parker Hannifin and Volvo Trucks, among many others.

About Lexi

Lexi aspires to change the world through data, bringing clarity and insight to complex supply chains.

Lexi brings transparency to supply chain management with its unique cloud-based software solution that uses machine learning to provide authenticated, accurate product details to Original Equipment Manufacturers (OEMs).  Founded in Stockholm in 2011, and with a Data Operations Center in Penang, Malaysia, Lexi delivers data-driven business intelligence insights to prioritize actions for OEMs to lower costs and improve supply chain health. With its predictive and prescriptive optimization algorithms, Lexi empowers manufacturing, engineering, supply chain and procurement leaders to make faster, smarter product design and sourcing decisions. For more information, visit www.lexisolution.com .

The Lexi Cloud System –
Unlock the Hidden Value in Your Supply Chain Data with AI

SOURCE:  Lexi Solution AB

For further information, contact Peter Röing, tel +46 8 625 11 50.

Related Links:  https://lexisolution.com/

Lexi Solution Launches New Web Platform

Stockholm, Sweden, 2nd May 2019Lexi has launched a new website with full B2B functionality and all-new content describing the company’s cloud-based and AI-enabled enterprise software and services for data-driven procurement.

As before, www.lexisolution.com also provides a log-in portal for its customers, which include some of the biggest and best-known global corporations with leading electronics products in the Industrial, Medical and Automotive sectors.

The new website offers much more content about Lexi’s software solutions and services for automated cleaning and analysis of complex supply chain data, employing artificial intelligence (AI) technology such as machine learning to automate processes such as BOM scrubbing, component price verification, RFQ management, CSR risk management, and should-cost analysis, i.e., “Predictive COGS” in Lexi terminology.

A new blog area will provide regular updates on Lexi’s services and news, as well as insights on Big Data Analytics for strategic sourcing and data-driven procurement.

“As Lexi approaches its 10th year of business, and with our Lexi Cloud Solution now fully developed and bringing breakthrough impact to our customers, we are excited to launch this major upgrade to our presence on the web and get our success story out there as the company is entering a tremendous growth phase,” said Peter Röing, Founder & CTO.

About Lexi Solution AB

Lexi aspires to change the world through data, making the complex simple!  Founded in Stockholm in 2011, and with a Data Operations Center in Penang, Malaysia, Lexi offers world-class cloud-based software solutions using AI to solve complex problems in the management of supply chains for global electronics companies. 

The Lexi Cloud System – Unlock the Hidden Value in Your Supply Chain Data with AI

For further information, please contact: Peter Röing, tel +46 8 625 11 50

Gartner: worldwide semiconductor revenue grew 12.5% in 2018

Worldwide semiconductor revenue totaled $474.6 billion in 2018, a 12.5 percent increase from 2017, according to final results by Gartner, Inc. 2018 growth was weaker than the previous year (21.9 percent) due to memory growth slowing to 24.9 percent versus 2017 growth of 61.8 percent.“Despite slowing growth, the memory market was still the largest semiconductor market, accounting for 34.3 percent of revenue,” said Andrew Norwood, research vice president at Gartner. “This was driven by increases in average selling prices (ASPs) for DRAM for the majority of 2018. However, ASPs began to decline in the fourth quarter and this will continue through most of 2019 due to oversupply conditions.” Samsung Electronics increased its lead as the No. 1 semiconductor vendor due to the booming DRAM market. Currently, 88 percent of the company’s revenue comes from memory sales. “Samsung’s lead is literally built on sand, in the form of memory silicon, and those shifting sands in 2019 will almost certainly lead to Samsung losing its No. 1 semiconductor crown to Intel in 2019,” said Mr. Norwood.Intel’s semiconductor revenue grew by 12.9 percent compared with 2017, despite delays in the introduction of 10 nm manufacturing process and a constrained low-end CPU supply situation in the second half of 2018. SK hynix experienced the strongest growth among the top 10 worldwide semiconductor vendors with a 37.4 percent increase in 2018.