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Widen

Topic: Company

 From HandWiki - Reading time: 10 min
Widen
Founded1948
Founders
  • Emily Widen
  • Arthur Widen
HeadquartersMadison, Wisconsin
Websitewww.widen.com

Widen Enterprises Inc. is an American privately held technology company that designs, develops and provides digital asset management software and digital asset management services. The company was founded in 1948[1] in Madison, Wisconsin by Arthur and Emily Widen, initially as Widen Engraving Co.,[2] a plate-engraving business providing printing-plates for newspapers.[3] The company has sustained business viability and longevity by adapting its products to technological advances and business model transformation,[4][5] the company now has headquarters in both Madison, Wisconsin and London, United Kingdom.[6]

History

1948 – Widen Engraving Co. – Founding and incorporation

In 1948, Arthur Widen and Emily Widen, spurred on by his experience working in the Madison newspaper industry and backed by her financial support in the form of a $1,500 mortgage, founded Widen Engraving Co.[7] The business initially helped newspapers create newsprint by engraving creative and marketing materials from photographs and type onto zinc and copper plates.[8]

1960 - 1990 – Widen Colorgraphics Ltd. – Prepress era

In 1960, Widen altered their business model by moving beyond the engraving process and began to undertake further prepress activities. The company converted marketing content in the form of photos, illustrations, logos and copy into printed catalogues and advertisements and commenced working with film negatives. A change in its name reflected this transformation, and the company became Widen Colorgraphics Ltd. In 1985, led by Mark Widen, son of founders Arthur and Emily Widen, the company began to focus on colour scanning and printing services.[9]

1990 - Present day – Widen Enterprises Inc. – Digital asset management

With the advancement of prepress technologies and processes, under Reed Widen, son of Mark Widen, the company embraced digital technology, initially through digital printing and created an internal research and development department to innovate and keep abreast of technological developments in the industry.[10] In 1996, Widen's R&D department developed the company's first image database, which would become Widen's first digital asset management software. The software was made available to clients as a product in 1998.[11] In 1997 the company changed its name from Widen Colorgraphics to Widen Enterprises Inc.

Matthew Gonnering was appointed as CEO in 2009 and steered the company further towards the software as a service (SaaS) model.[12] Widen Enterprises has since developed its software into a cloud based digital management hub that allows users to readily access and manage their digital assets.[13] Alongside the software, the company has focused its efforts on customer experience by offering services to aid in the production and implementation of digital assets, as well as training and consultancy on the digital asset management process.[14]

Adaptability and transformation

Widen has adapted to changing market demands and technological advances a number of times throughout its existence.[15][16] The transformations were initially driven by a willingness to explore, embrace and invest in new technologies and subsequently by incorporating research, development and innovation into the company's internal processes.[17]

Investing in new technologies

Widen's move away from engraving in the 1960s, was marked by the company's investment in film negatives and photography, such as in the purchase of the first available automated separation camera to embrace the advent of color in the printing industry.[18] In 1985, the company invested $3 million in colour scanners and Scitex equipment, and became the largest Scitex installation in North America.[19]

Internal research and development

It was the challenges that customers encountered with prepress file management for which there were no available technological solutions that prompted the company's development of new products and the forming of the internal R&D department.[20] The department allowed the company to pioneer image database software for image centralization and retrieval and marked the beginning of internal innovation efforts, laying the path for the company's current position as a software provider.[21]

Products

The Widen Collective

Widen's software is a cloud based centralized platform that allows businesses to manage their digital assets;[22][23] including images, documents, audio and video files throughout their lifecycle from creation to distribution. The software is called the Widen Collective due to its multi-use capacity and integration of five applications: Assets, Insights, Portals, Templates and Workflow. Each application aids in a different phase of the digital management process; including a central library of searchable digital assets, tracking and analyzing the performance of each asset, a work management interface and the ability to create branded webpages.[24]

Digital asset management services

The company has embedded elements of customer service into the functioning of their software and their digital asset management services play a prominent role in their current business model. Widen offers production services for digital assets, strategic consulting training online through their database of relevant digital management information and scheduled web conferencing as well as on-site training.[25][26]

Leadership and organizational culture

Widen's current chief executive officer, Matthew Gonnering, is notable for adopting a distinctive philosophy to his leadership of the company.[27] He encapsulates this philosophy by describing it as akin to the Greek word eudaimonia from Aristotelian Ethics meaning human flourishing, happiness and wellbeing.[28][29] Indeed, Gonnering has reframed his position in the business to the Widen trademarked title of "Chief Eudaimonia Officer".[30][31][32] He learned of the concept from a fellow student while at business school and became intrigued about adopting it as an ethical guideline and how to incorporate it in a business setting.[33] Gonnering has championed various causes during public speaking engagements at TEDx and disruptHR; such as empathy in the workplace,[34][35] the importance of embracing diversity in recruitment and employing those with developmental disabilities.[36][37][38][39][40]

In practical terms the application of the philosophy means employee wellness coaching programs,[41] personal trainers for physical exercise and actively recruiting those with disabilities.[42] In addition, Gonnering has led the creation of a non-hierarchical organizational culture; including continuous employee input and consultation and a democratic approach to all aspects of work and management.[43][44][45][46] Widen has thus been named in the WorldBlu annual list of most freedom-centered workplaces every year from 2014 to 2019 and in 2019 reported an employee retention rate of 96%.[47][48] This distinctive approach and the commitment to employees’ professional and personal development led to Widen being named in Comparably's 2018 list of mid-sized companies with the best leadership[49] and Gonnering being named executive of the year in 2019 by In Business magazine.[50][51][52][53]

Awards and recognition

Product awards

In 2019, Widen won “Best Digital Asset Management Platform” for its digital asset management software at the Marketing Technology Awards hosted by ClickZ and Search Engine Watch, where the judging panel was made up of customers and experts within the industry.[54][55]

In 2018 Widen's software was heralded as a “strong performer” for customer experience by independent technology research firm Forrester, due to its intuitive user interface and based on favorable feedback from customers.[56][57]

Widen was named the digital asset management vendor of the year by the Codified DAM Consultant in 2017, an independent software analysis and comparison firm. In order to win this accolade, the software was assessed on the firm's “Ten Core Characteristics of a Digital Asset Management System”. Widen was also commended for a high standard of customer support.[58][59]

Also in 2017, Widen won the award for the “Best Digital Asset Management Solution” from SIIA, an independent trade association.[60][61]

Company and staff awards

Widen was named “Company of the Year” in 2019 by SIIA largely due to a growth in revenue and a strong company culture.[62][63] In 2018, WorldBlu, a business training organization, recognized Widen for a commitment to operating with purpose and vision and helping its employees to do the same, primarily because of their focus on employee wellness.[64][65]

Widen was also named in Comparably's 2017 nationwide list of best places to work, ranking 42nd for best company culture, 25th for best managers and fourth for best CEO.[66][67] Also in 2017, the company was recognized in the list of the "100 companies that matter the most in the digital content industry" by the industry publication EContent.[68][69]

References

  1. ↑ "Widen Enterprises, Inc.". https://www.crunchbase.com/organization/widen-enterprises-inc#section-overview. 
  2. ↑ Carlson, Jill (February 12, 2013). "Longevity in Business: Widen Enterprises makes lasting impression". Capital Newspapers Inc.. https://madison.com/business/longevity-in-business-widen-enterprises-makes-lasting-impression/article_4d4b7fb0-74b1-11e2-bbfc-0019bb2963f4.html. 
  3. ↑ Patenaude, Joel (Jun 26, 2018). "Decades of change and compassion". Morgan Murphy Media. https://www.channel3000.com/madison-magazine/city-life/decades-of-change-and-compassion/758481082. 
  4. ↑ Corn, Deborah. "Why Printers Should Attend A DAM Conference". https://printmediacentr.com/2015/04/21/why-printers-should-attend-a-dam-conference/. 
  5. ↑ Chowdhry, Amit (April 28, 2013). "Widen Is A Wisconsin-Based Company That Can Help You Manage Digital Assets". https://www.forbes.com/sites/amitchowdhry/2013/04/28/widen-is-a-wisconsin-based-company-that-can-help-you-manage-digital-assets/. 
  6. ↑ Dusane, Ameya (February 6, 2018). "Widen Expands to New Office in London to Support Growth". https://www.martechadvisor.com/news/asset-management/widen-goes-global-with-european-headquarters-in-london/. 
  7. ↑ "The History of Widen". https://www.widen.com/history. 
  8. ↑ "Widen Celebrates 60 Years as Industry Leader". September 22, 2008. https://www.businesswire.com/news/home/20080922005937/en/Widen-Celebrates-60-Years-Industry-Leader. 
  9. ↑ Athey, Jake (March 22, 2018). "Widen Celebrates 70 Years in Business". https://www.widen.com/blog/widen-celebrates-70-years-in-business. 
  10. ↑ Ballew, Deanna (May 16, 2019). "To Innovate, You Might Have to Stop Inventing". https://it.toolbox.com/guest-article/to-innovate-you-might-have-to-stop-inventing. 
  11. ↑ Ghosh, Sudipto (March 27, 2018). "Digital Asset Management Company, Widen, Celebrates 70 Years in Business". https://martechseries.com/content/content-management/digital-asset-management-company-widen-celebrates-70-years-in-business/. 
  12. ↑ Sweeney, Jack (April 2, 2018). "207: The Reinvention Generation, Matthew Gonnering, CEO, Widen". http://middlemarketexecutive.com/207-reinvention-generation-matthew-gonnering-ceo-widen/. 
  13. ↑ "Widen Collective Software". https://www.softwareadvice.com/uk/cms/widen-collective-profile/. 
  14. ↑ "Widen Introduces Strategic Consulting Services" (Press release). Madison, Wisconsin: GlobeNewswire. October 23, 2018. Retrieved October 10, 2019.
  15. ↑ "Widen Celebrates 70 Years in Business" (Press release). Madison, Wisconsin and London: GlobeNewswire. March 22, 2018. Retrieved October 10, 2019.
  16. ↑ Fisher, Anne (September 30, 2014). "How to use Google Glass at work". Fortune Media IP Limited. https://fortune.com/2014/09/30/google-glass-at-work/. 
  17. ↑ Kurzer, Robin (April 2, 2018). "Everything old is new again: How some traditional brands have used martech to support growth". Third Door Media, Inc.. https://martechtoday.com/everything-old-is-new-again-how-some-traditional-brands-have-used-martech-to-support-growth-212465. 
  18. ↑
  19. ↑ Nicastro, Dom (March 23, 2018). "Salesforce Buys MuleSoft for $6.5B, IBM Releases Watson Assistant, More News". https://www.cmswire.com/customer-experience/salesforce-buys-mulesoft-for-65b-ibm-releases-watson-assistant-more-news/amp/. 
  20. ↑ Mack, Pat (December 3, 2017). "Matthew Gonnering oversaw major transition at Widen Enterprises". Capital Newspapers Inc.. https://madison.com/wsj/business/executive-qa/matthew-gonnering-oversaw-major-transition-at-widen-enterprises/article_f21da157-4358-5c1f-a94e-56fa600e096a.html. 
  21. ↑ Krishna, Mukul (March 15, 2007). "Realizing the value proposition of hosted DAM solutions – A case study". Journal of Digital Asset Management (Springer Science and Business Media LLC) 3 (1): 50–54. doi:10.1057/palgrave.dam.3650059. ISSN 1743-6559. 
  22. ↑ Falaschi, Al (February 4, 2014). "How the Widen Collective uses Amazon Web Services". https://www.widen.com/blog/how-the-widen-media-collective-uses-amazon-web-services. 
  23. ↑ Schiff, Allison (July 22, 2013). "Red Gold Goes from Tomato Can to Tomato Can Do". AC Business Media, Inc.. https://www.dmnews.com/customer-experience/news/13059004/red-gold-goes-from-tomato-can-to-tomato-can-do. 
  24. ↑ "Widen Wins CODiE Award for Best Digital Asset Management Solution" (Press release). Madison, Wisconsin: GlobeNewswire. October 23, 2018. Retrieved October 10, 2019.
  25. ↑ Holmes, Nate (October 24, 2018). "Widen Introduces Strategic Consulting Services". https://www.widen.com/blog/strategic-consulting-services. 
  26. ↑ "Widen Establishes Widen University, a Center for Digital Asset Management Training" (Press release). Madison, Wisconsin: GlobeNewswire. November 23, 2015. Retrieved October 10, 2019.
  27. ↑ Gonnering, Matthew (February 5, 2016). "Why You Must Embrace the Danger of Adventure to Lead Effectively". Entrepreneur Media, Inc.. https://www.entrepreneur.com/article/269496. 
  28. ↑ Gonnering, Matthew (October 29, 2015). "Commit to Employee Well-Being and Your Team Will Grow the Company". Entrepreneur Media, Inc.. https://www.entrepreneur.com/article/250948. 
  29. ↑ Gonnering, Matthew (March 7, 2018). "How CEOs Can Maximize Employees' Potential". Chief Executive Group, LLC. https://chiefexecutive.net/ceos-can-maximize-employees-potential-2/. 
  30. ↑ "CHIEF EUDAIMONIA OFFICER Trademark Information". LegalForce, Inc.. March 27, 2018. https://trademark.trademarkia.com/chief-eudaimonia-officer-87217105.html. 
  31. ↑ "Eudaimonia: There's No Flourishing Without Struggle". BLR. February 15, 2018. https://hrdailyadvisor.blr.com/2018/02/15/eudaimonia-theres-no-flourishing-without-struggle/. 
  32. ↑ Gonnering, Matthew (October 13, 2015). "The Real Measure of a CEO's Success Can Be Found in an Ancient Greek Word". Entrepreneur Media, Inc.. https://www.entrepreneur.com/article/249425. 
  33. ↑ Fox, MeiMei (January 10, 2018). "Why This CEO Leads With Eudaimonia: A Commitment To Happiness, Health And Prosperity For All". Forbes Media LLC. https://www.forbes.com/sites/meimeifox/2018/01/10/why-this-ceo-leads-with-eudaimonia-a-commitment-to-happiness-health-and-prosperity-for-all/. 
  34. ↑ What If Mother Teresa Ran HR? - a DisruptHR talk by Matthew Gonnering - CEO of Widen. DisruptHR. June 7, 2017. Retrieved October 10, 2019.
  35. ↑ Vozza, Stephanie (July 19, 2018). "These Are The Job Skills Of The Future That Robots Can't Master". Mansueto Ventures LLC. https://www.fastcompany.com/40439955/these-are-the-job-skills-of-the-future-that-robots-cant-master. 
  36. ↑ Empathy in Business, Matthew Gonnering, TEDxMadison. TEDx Talks. March 16, 2017. Retrieved October 10, 2019.
  37. ↑ "Forbes Magazine Features CEO of Happiness". St. Norbert College. May 8, 2018. https://www.snc.edu/magazine/2018spring/eudaimonia.html. 
  38. ↑ Deutschendorf, Harvey (July 30, 2018). "7 Reasons to Hire People with Developmental Disabilities". https://www.business2community.com/human-resources/7-reasons-to-hire-people-with-developmental-disabilities-02101929. 
  39. ↑ Gausepohl, Shannon (March 7, 2017). "Stamp Out Your Culture of Fear for a Better Bottom Line". https://www.businessnewsdaily.com/9798-culture-of-fear.html. 
  40. ↑ Florentine, Sharon (October 5, 2016). "How to be a more 'authentic' IT leader". IDG Communications, Inc.. https://www.cio.com/article/3128080/how-to-be-a-more-authentic-it-leader.html. 
  41. ↑ Dresdale, Rachel (December 16, 2016). "How Your Life's Mission Statement Will Guide You To Greater Work-Life Balance". Forbes Media LLC. https://www.forbes.com/sites/rachelritlop/2016/12/16/how-your-lifes-mission-statement-will-guide-you-to-greater-work-life-balance/. 
  42. ↑ Talley, Karen (February 27, 2018). "Matthew Gonnering, CEO of Widen Enterprises, operates with Greek philosophy". Questex LLC. https://www.fierceceo.com/technology/matthew-gonnering-ceo-widen-enterprises-operates-greek-philosophy. 
  43. ↑ Perry Timms (October 3, 2017). Transformational HR: How Human Resources Can Create Value and Impact Business Strategy. Kogan Page Publishers. pp. 171–. ISBN 978-0-7494-8133-9. https://books.google.com/books?id=HSA3DwAAQBAJ&pg=PA171. 
  44. ↑ Stillman, Jessica (October 20, 2014). "4 Lessons From an Experiment in Radical Transparency". Mansueto Ventures LLC. https://www.inc.com/jessica-stillman/4-lessons-from-an-experiment-in-radical-transparency.html. 
  45. ↑ Stillman, Jessica (July 31, 2013). "If Your Employees Designed the Office". Mansueto Ventures LLC. https://www.inc.com/jessica-stillman/if-your-employees-designed-the-office.html. 
  46. ↑ Ginsberg, Maggie (September 18, 2015). "Widen Enterprises: A collaborative spirit". Morgan Murphy Media. https://www.channel3000.com/madison-magazine/widen-enterprises-a-collaborative-spirit/158296887. 
  47. ↑ "Widen Named a WorldBlu Freedom-Centered Culture™ for Five Years Running" (Press release). London, UK: GlobeNewswire. May 15, 2019. Retrieved October 10, 2019.
  48. ↑ "Widen Named Software Company of the Year in SIIA CODiE Awards" (Press release). Madison, Wisconsin: GlobeNewswire. June 18, 2019. Retrieved October 10, 2019.
  49. ↑ Tobin, Ben (Jun 7, 2018). "Costco, Facebook land top spots for best leadership". USA TODAY. https://eu.usatoday.com/story/money/2018/06/07/hubspot-google-earn-top-marks-companies-best-leadership/670598002/. 
  50. ↑ "2019 IB Executive of the Year winners announced". In Business Magazine. December 2018. https://www.ibmadison.com/In-Business-Madison/December-2018/2019-IB-Executive-of-the-Year-winners-announced/. 
  51. ↑ Vanden Plas, Joe (February 2019). "Executive of the Year: For Gonnering, freedom is DAM good management". In Business Magazine. https://www.ibmadison.com/In-Business-Madison/February-2019/Executive-of-the-Year-For-Gonnering-freedom-is-DAM-good-management/. 
  52. ↑ Gonnering, Matthew (April 17, 2015). "Make Wellness the True Aim of Your Marketing". Entrepreneur Media, Inc.. https://www.entrepreneur.com/article/245137. 
  53. ↑ "Widen CEO Matthew Gonnering Receives 2019 Executive of the Year Award From In Business Magazine". Madison, Wisconsin: GlobeNewswire. February 13, 2019. https://www.globenewswire.com/news-release/2019/02/13/1724590/0/en/Widen-CEO-Matthew-Gonnering-Receives-2019-Executive-of-the-Year-Award-From-In-Business-Magazine.html. 
  54. ↑ Collins, Kimberly (March 22, 2019). "The ClickZ Marketing Technology Awards 2019: And the winners were....". Contentive Media Group. https://www.clickz.com/the-click-marketing-technology-awards-2019-and-the-winners-were/228486/. 
  55. ↑ "Widen Wins "Best Digital Asset Management Platform (DAM)" at ClickZ Marketing Technology Awards" (Press release). Madison, Wisconsin: GlobeNewswire. March 26, 2019. Retrieved October 10, 2019.
  56. ↑ Barber, Nick (May 23, 2018). "The Forrester Wave™: Digital Asset Management For Customer Experience, Q2 2018". Forrester. https://www.forrester.com/report/The+Forrester+Wave+Digital+Asset+Management+For+Customer+Experience+Q2+2018/-/E-RES138067. 
  57. ↑ Athey, Jake (May 23, 2018). "Widen Named a "Strong Performer" by Independent Research Firm in Digital Asset Management for Customer Experience Report". Widen. https://www.widen.com/blog/widen-named-a-strong-performer-by-independent-research-firm-in-digital-asset-management-for-customer-experience-report. 
  58. ↑ "Digital Asset Management Vendors of the year 2017". January 7, 2018. https://codifiedconsultant.com/blogs/news/digital-asset-management-vendors-of-the-year-2017. 
  59. ↑ "Widen Named "DAM Vendor of the Year 2017" by The Codified DAM Consultant™" (Press release). Madison, Wisconsin: GlobeNewswire. January 15, 2018. Retrieved October 10, 2019.
  60. ↑ "SIIA CODiE AWARDS, Widen Collective – Widen". http://www.siia.net/codie/About-the-Awards/Past-Winners/2017-Winners/Details/nID/368. 
  61. ↑ "Widen Wins CODiE Award for Best Digital Asset Management Solution" (Press release). Madison, Wisconsin: GlobeNewswire. July 26, 2017. Retrieved October 10, 2019.
  62. ↑ "SIIA CODiE AWARDS, 2019 Winners". https://www.siia.net/codie/2019-Winners-Finalists/2019-Winners. 
  63. ↑ "Widen Named Software Company of the Year in SIIA CODiE Awards" (Press release). Madison, Wisconsin: GlobeNewswire. June 18, 2019. Retrieved October 10, 2019.
  64. ↑ "WorldBlu, Freedom at Work". https://www.worldblu.com/. 
  65. ↑ "Widen Wins WorldBlu Top Practice Award for Purpose + Vision" (Press release). Madison, Wisconsin: GlobeNewswire. November 13, 2018. Retrieved October 10, 2019.
  66. ↑ "Best Places to Work 2017". November 17, 2017. https://www.comparably.com/blog/best-places-to-work-competition/. 
  67. ↑ "Widen Makes List of "Best Places to Work 2017"" (Press release). Madison, Wisconsin: GlobeNewswire. December 5, 2017. Retrieved October 10, 2019.
  68. ↑ Cramer, Theresa (November 1, 2017). "The 2017–2018 EContent 100 Companies that Matter Most in the Digital Content Industry". Information Today Inc.. http://www.econtentmag.com/Articles/Editorial/Feature/The-2017-2018-EContent-100-Companies-that-Matter-Most-in-the-Digital-Content-Industry-121228.htm. 
  69. ↑ "Widen Named to EContent 100 List of Top Companies in Digital Content Industry" (Press release). Madison, Wisconsin: GlobeNewswire. November 2, 2017. Retrieved October 10, 2019.




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