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Unlike most other companies of the era, it chose to run the software online and sell it as a subscription service; this is a business model that now dominates enterprise computing.
“He was ahead of his time thinking about where things were going and what was going to happen next,” said Mohan Gyani, a longtime Keynote board member and friend.
Mr. Gupta took Keynote public in September 1999. In early 2000, it raised an additional $350 million in a secondary bid, which helped Keynote weather the tech crisis that soon followed.
In 2013, he sold Keynote to private equity firm Thoma Bravo for $395 million and retired from business software. But he has maintained a high profile as a philanthropist and by working with a group representing alumni of the Indian Institutes of Technology (he had attended the campus in Kanpur), said Kanwal Rekhi, a veteran Silicon Valley technology executive and investor. Board of Gupta Technologies.
Gunjan Bagla, CEO of Consulting Amritt, said the members of the IIT group, who, along with Mr. Gupta, helped lead the group, include names from industry, academia and the investment community who could certainly disagree with each other on a range of issues. .
“Uman was an outstanding leader who could bring a group from chaos to calm,” he said.
Umang Gupta was born on August 3, 1949, in Patiala, in the northern Indian state of Punjab, the child of Ved Prakash Gupta, who worked in the Indian ministry of labor, and Ramnika Gupta, a politician. Umang’s parents were socialists of different castes who met at the funeral of Mohandas Gandhi, who broke up with the traditional arranged marriage.
The couple later separated and Umang was raised with the help of her grandparents.
He spent four years at a military boarding school and was expected to attend the National Defense Academy, a tradition in his mother’s family. Instead, he chose IIT Kanpur, where he received his Bachelor’s degree in chemical engineering in 1971. The campus had some of the first IBM computers in India and Mr. Gupta also gained programming skills there.
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