Unlike most other companies of that era, it chose to run the software online and sell it as a subscription service, a business model that now dominates enterprise computing.
Mohan Gnani, a longtime keynote board member and friend, said, “He was ahead of his time in thinking about where things were going and what was going to happen next.
Mr. Gupta released the keynote in September 1999. In early 2000, it raised an additional $ 350 million in a secondary offer, which helped Keynote bring out the tech bust soon.
In 2013, he sold Keynote to private equity firm Thoma Bravo for $ 395 million and retired from business software. But he maintained a high profile as a philanthropist and worked with a group representing alumni of the Indian Institute of Technology (he attended the Kanpur campus), said Kanwal Rethi, an experienced Silicon Valley tech executive and investor who served. Board of Gupta Technologies.
The IIT group members included people from industry, education and the investment community who may often disagree with each other on various topics, said Gunjan Bagla, chief executive of Consultancy Amrut, who helped lead the group with Mr. Gupta.
“Umang was an extraordinary leader who could lead the group from chaos to peace,” he said.
Umang Gupta was born in August. 3, 1949, to Ved Prakash Gupta and politician Ramanika Gupta, working in the Indian Ministry of Labor, in Patiala, Punjab, North India. Umang’s parents were socialists of various castes who met at the funeral of Mohandas Gandhi, who was leaving a traditionally arranged marriage.
The two later separated and Umang was raised with the help of grandparents.
He spent four years at a military boarding school and was expected to join his mother’s family tradition National Defense Academy. Instead, he chose IIT Kanpur, where he graduated in Chemical Engineering in 1971. The campus had some of the first IBM computers in India, and Mr. Gupta also acquired programming skills there.