Kony Quantum Democratizes Digital Innovation – Combines Ease and Speed of Low-Code with the Power of Enterprise-grade Digital Experience Development Platform

Kony, Inc., the leading provider of digital banking and low-code development solutions, today announced the launch of Kony Quantum, a new brand with enhanced capabilities for its next-generation low-code app development platform that delivers rich digital experiences. Kony Quantum combines the ease of use and speed of low-code application development with the power of the leading enterprise-grade digital experience development platform. Kony Quantum enables businesses to build mission-critical web and mobile solutions for both employees and consumer-facing apps on a unified platform, resulting in greater speed and productivity.

According to Gartner, "The technologies used for creating applications have always been of critical importance. But the rise of digital business is driving ever-increasing demand for software creation to automate new and existing processes, in new contexts, and often in rapidly changing situations. This puts enormous pressure on IT leaders to dramatically increase application delivery speed and time to value. Vendors are responding with low-code solutions that aim to increase productivity by reducing or avoiding the need for specialist 'code' by scarce enterprise IT developers."

"Companies are struggling to keep pace with the demand for innovation and the pace of digital," said Thomas E. Hogan, chairman and CEO, Kony, Inc. "While low-code platforms help bridge the dearth of developer expertise and accelerate innovation, the majority of existing low-code platforms lack the agility and depth to span applications from the simplest, yet powerful, to the most enterprise-grade and complex. Kony Quantum is uniquely capable of providing that unified platform for rapid development and innovation yet also capable of delivering applications that demand the highest levels of UX, security, performance, and back-end integration. Kony Quantum is the epitome of Low-Code without Limits."

In a recent Forrester blog titled, "Why You Need To Know About Low-Code, Even If You're Not Responsible for Software Delivery", John Rymer, vice president, principal analyst, Forrester, stated: "Low-code development platforms are emerging as a key strategy to accelerate app delivery to support digital business transformation. And they have the potential to make software development as much as 10 times faster than traditional methods. Low-code platforms employ visual, declarative techniques instead of traditional lines of programming. Both developers and non-developers can use these products, and they require less training to start. Common features include reusable components, drag-and-drop tools, and process modeling. Individuals or small teams can experiment, prototype, and deliver apps in days or weeks."

Kony Quantum provides the following unique features to make it easy for users to build powerful web and mobile apps quickly:

"When we look at Kony Quantum, it really comes down to a couple things for us. It's the speed. It's the ease of use where we can just do a drag and drop to actually build apps instead of coding. It's the availability on a global basis. It's the efficiency. It's all the parts and pieces that we were looking for to say, 'Did we really make the right decision in going forward?' And I can say, Kony Quantum checked off all those boxes for us," said Mike Edwards, vice president of Global Digital Services, Amway. Amway operates in 100 countries and regions around the world.

Kony Quantum is the only enterprise-grade low-code platform with native omni-channel support for delivering the best possible experience, performance and security by taking full advantage of the underlying platform and device capabilities, including:

In addition, the following new capabilities of Kony Quantum set a new standard in the market for low-code platforms:

For More Information:

Gartner, Low-Code Development Technologies Evaluation Guide, Paul Vincent, Mark Driver, Jason Wong, 26 February 2019

Kony has been named a "Leader" among the top Digital Experience Development Platforms vendors in The Forrester Wave™: Digital Experience Development Platform, Q2 2018 report. Kony has also been recognized as a "Leader" in the IDC MarketScape: North America Digital Banking Customer Experience Platforms 2019 Vendor Assessment Report.

About Kony, Inc.

Kony is a fast-growing leader in digital experience development platforms and the emerging low-code platform market; and a recognized leader in digital banking. Kony Quantum provides low-code without limits, a next-generation low-code app development platform that delivers rich digital experiences. Kony DBX is the banking and financial services arm of Kony, Inc. and is a globally recognized leader in digital banking transformation. With a portfolio of modern, frictionless applications powered by the industry's most recognized platform, Kony DBX enables banks and credit unions of any size to accelerate innovation - without compromising what's critical.

For more information, please visit www.kony.com. Connect with Kony on Twitter, Facebook, and LinkedIn.

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Jean Kondo Kony, Inc. Jean.kondo@kony.com +1 510-823-4728

Julie Sigler WE Communications TeamKony@we-worldwide.com +1 415-547-7025