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Tuesday, May 24, 2022

Data Management Firm Kaygen Expands Footprint

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Data management provider Kaygen Inc. has expanded its footprint, adding an office in Plano, Texas. The space, a suite in Spring Creek Parkway Executive Center, has 10 employees.

“We had customers in Texas for many years, and that’s growing a lot. The Plano area near Dallas, Fort Worth is attracting Fortune 500 companies,” said President Rashimi Chaturvedi, naming clients such as Costa Mesa-based credit reporting and marketing-service firm Experian PLC, with an office in Allan, Texas, and Toyota Motor Sales U.S.A., which is moving its headquarters from Torrance to Plano.

Kaygen also has offices in Silicon Valley and India. The company has 150 employees worldwide, 30 based in Irvine. It generated $10.2 million in revenue last year, according to the Business Journal’s list of women-owned businesses.

The company will slowly add to its team in Texas, but Chaturvedi said Irvine remains a strong core. “We have the majority of our customers in Southern California … We are looking to grow our team and also looking to grow our office space in Irvine.”

Kaygen currently occupies approximately 2,000 square feet at Irvine Co.’s 15-story office at the Irvine Spectrum Center. Chaturvedi said the company will likely take another 1,000 square feet at the real estate developer’s nearby 21-story sister towers: 200 and 400 Spectrum Center. It plans to hire 10 more employees by early next year, including system architects, data scientists and project managers.

Healthcare makes up about 15% of the company’s portfolio, comprising more than 40 companies. The scope of work includes system integration, process improvement, and regulatory compliance reporting. Clients include Cedars-Sinai Medical Center in Los Angeles, and medical device makers Beckman Coulter Inc. in Brea and Dexcom Inc. in San Diego.

Chaturvedi noted that sectors like banking and healthcare need more support in regulations, though the company isn’t industry-specific.

“We are basically a data management firm. Whether you are in healthcare, finance, entertainment, tech or oil and gas, you all have data. Data doesn’t differentiate for us. What really matters is solving a business challenge to improve cost efficiency,” she said.

Chaturvedi said the next big thing for Kaygen is artificial intelligence and machine learning. It has put together a team to develop the platform.

“It’s all about understanding what is going on in customers’ minds—expanding AI to analyze what drives [a customer] to buy this product or that product.”

Kaygen was founded in 2003 and has been recognized as a Fast 100 Asian American Business by the US Pan Asian American Chamber of Commerce.

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