Raymond Tsao

Founder & CEO at Covendis

Before founding Covendis, in July 1999, Raymond was the Chief Operating Officer of Analytika. At the time, Analytika was a fast-growing, venture-backed software company in Research Triangle Park, North Carolina. It developed, marketed, and implemented software for customer relationship management and data mining. Its client base included leading companies such as Johnson & Johnson, Bristol-Myers Squibb and Abbott Laboratories. Under Raymond’s leadership, Analytika’s revenues grew from $300,000 to $3.5 million within two years. Dendrite International (NASDAQ: DRTE), acquired Analytika in 1999. Prior to joining Analytika, Raymond worked for leading management consultancy Booz & Co. (fka Booz Allen & Hamilton.)Tsao received an MBA from the Wharton School at the University of Pennsylvania and also holds a Bachelor of Science degree from Rutgers University.

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Covendis

Covendis Technologies was founded in July 1999 to deal with the inefficiencies in procurement and vendor management.