EY Announces AppDynamics Founder and Chairman Jyoti Bansal Named Entrepreneur of the Year® 2016 Technology Award Winner in the Northern California Region
2016 marks 30 years of ingenuity in America
SAN FRANCISCO – JULY 26, 2016 – EY today announced that Jyoti Bansal, founder, executive chairman and chief strategist of AppDynamics, an application intelligence leader powering enterprise digital transformation, received the EY Entrepreneur Of The Year® 2016 Award in the Technology category in the Northern California region.
This year marks the 30th anniversary of the EY Entrepreneur Of The Year Award program. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. Jyoti Bansal was selected by an independent panel of judges, and was recently recognized at a special gala event at the Fairmont San Jose.
“When AppDynamics first began in 2008, software and online transactions were still secondary to brick-and-mortar transactions. However, our vision comprised two tenets: that the future of business would be dependent on software, and that software innovation would define the value proposition and differentiation of business,” said Bansal. “At first, our idea of building a platform that could instrument and monitor every line of software code to derive business insights was met with skepticism. However, less than a decade later, the platform our incredible AppDynamics team has built is now utilized by some of the top enterprises in the world.”
Other key company initiatives under Bansal’s direction have included:
- Fostering speed to innovation- The product and engineering teams are organized into nine innovation teams, which act as ‘startups within a startup.’ This, along with the establishment of the ‘AppDynamics Labs’, helps foster faster product development, as well as early concept ideation.
- A new model of customer support- AppDynamics’ Enterprise Customer Success 2.0 adjusted incentives, so that support engineers remain laser-focused on the success of their customers, instead of more typical utilization rates. Under Bansal’s direction, AppDynamics also ushered in an unprecedented channel sales model designed to keep pace with the demand for APM solutions in the enterprise.
Since 1986, EY has honored entrepreneurs whose ingenuity, spirit of innovation and discipline have propelled their companies’ success, invigorated their industries, and benefited their communities. Now in its 30th year, the program has honored the inspirational leadership of such entrepreneurs as Howard Schultz of Starbucks Coffee Company, Robert Unanue of Goya Foods, and Mindy Grossman of HSN. Recent U.S. national winners include, Reid Hoffman and Jeff Weiner of LinkedIn; Hamdi Ulukaya, founder of Chobani; and 2015 winners Andreas Bechtolsheim and Jayshree Ullal of Arista Networks.
As a Northern California regional award winner, Jyoti Bansal is now eligible for consideration for the Entrepreneur Of The Year 2016 national program. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced at the Entrepreneur Of The Year National Awards gala in Palm Springs, California, on November 16, 2016. The awards are the culminating event of the Strategic Growth ForumTM, the nation’s most prestigious gathering of high-growth, market-leading companies. The US Entrepreneur Of The Year Overall Award winner then moves on to compete for the World Entrepreneur Of The Year Award in Monaco, June 2017.
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About EY Entrepreneur Of The Year®
Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.
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AppDynamics is the Application Intelligence company. With AppDynamics, enterprises have real-time insights into application performance, user performance and business performance so they can move faster in an increasingly sophisticated, software-driven world. AppDynamics’ integrated suite of applications is built on its innovative, enterprise-grade App iQ Platform that enables its customers to make faster decisions that enhance customer engagement and improve operational and business performance. AppDynamics is uniquely positioned to enable enterprises to accelerate their digital transformations by actively monitoring, analyzing and optimizing complex application environments at scale.
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