Quintiq
| Private | |
| Industry | Software |
| Founded | 1997 |
| Founder | Victor Allis, CEO |
| Headquarters | 's-Hertogenbosch, Netherlands. |
|
Key people
|
Arjen Heeres, COO[1] Wim Nuijten, VP of Optimization Technology[2] |
| Revenue | Undisclosed |
|
Number of employees
|
1,000 |
| Website | Quintiq.com |
Quintiq is a Dutch company that develops planning, scheduling and supply chain optimization software. The company is headquartered in 's-Hertogenbosch and its North American headquarters are in Radnor, Pennsylvania.
History
The company was founded in 's-Hertogenbosch (Den Bosch) in September 1997 by former Bolesian employees including Dr. Victor Allis.[3] Allis and several colleagues initially began developing a scheduling application for an aluminum manufacturer as a side project.[4] It was offered first to Allis's then-employer, but Bolesian was not interested.[5] Because the software they developed was highly configurable, and thus of use to many other types of companies, it was decided that a new firm should be created around the software.[4] Preparing the software for sale to as wide a variety as possible of corporate customers took two years of development.[5]
Quintiq sold its software to a client for the first time in 1999.[5]
In 2011, two investment firms, LLR Partners Inc. and NewSpring Capital Ventures LP, bought into Quintiq, giving them a 48% stake in the company's ownership.[4]
As of January 2014, Quintiq was the number four supply chain management software provider in the world.[5]
Later in 2014, Quintiq was bought by Dassault Systems.[1]
Products
Quintiq's Supply Chain Planning software has three layers or modules: one based on service-oriented architecture, with both optimization and planning management features; one that provides a variety of different templates for use in different industries; and one customized for each Quintiq customer.[6] Unlike competitor software, Quintiq's uses AI pattern recognition to help customers manage their supply chain logistics.[5] Other features of the software include adaptive capacity planning, automated real-time scheduling, a multi-function company planner, a multi-scenario macro planner, materials management tools, and proprietary algorithms for coordinating production with customer orders.[7] Competitor software is more robust in a number of specific areas, and for this reason some Quintiq users employ both Quintiq software and competitors' products in a hybrid approach to supply chain management.[6][8]
Locations
In addition to its world headquarters in Den Bosch and its North American headquarters in Radnor, Quintiq has offices in Melbourne, Australia; Shanghai, China; Vantaa, Finland; Mannheim, Germany; Rome, Italy; Petaling Jaya, Malaysia; and London, United Kingdom.[4]
Clients
Notable companies and organizations which use Quintiq software include Copenhagen Airport, international shipping company DHL, the United States Federal Aviation Administration (FAA), KLM Royal Dutch Airlines, freight forwarder P&O Ferrymasters, and retailer Walmart.[1][4][3]
Acquisition
On July 24, 2014, Dassault Systems announced plans to acquire Quintiq for $336 million.[9] The deal was subject to regulatory approval in Germany and Austria. By October 2014, the sale was complete.[1]
References
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