Quintiq
Private | |
Industry | Software |
Founded | 1997 |
Founder | Victor Allis, former CEO |
Headquarters | 's-Hertogenbosch, Netherlands. |
Key people | Rob van Egmond, CEO[1] |
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.[2] Allis and several colleagues initially began developing a scheduling application for an aluminum manufacturer as a side project.[3] It was offered first to Allis's then-employer, but Bolesian was not interested.[4] 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.[3] Preparing the software for sale to as wide a variety as possible of corporate customers took two years of development.[4]
Quintiq sold its software to a client for the first time in 1999.[4]
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.[3]
As of January 2014, Quintiq was the number four supply chain management software provider in the world.[4]
Later in 2014, Quintiq was bought by Dassault Systems.[5]
The current CEO of Quintiq is Rob van Egmond.[6]
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.[7] Unlike competitor software, Quintiq's uses AI pattern recognition to help customers manage their supply chain logistics.[4] 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.[8] 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.[7][9]
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.[3]
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.[5][3][2]
Acquisition
On July 24, 2014, Dassault Systems announced plans to acquire Quintiq for $336 million.[10] The deal was subject to regulatory approval in Germany and Austria. By October 2014, the sale was complete.[5]
References
- ↑ http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22478839
- 1 2 Morris, David Z. (21 August 2015). "Game on: How chess computers became logistics masterminds". Fortune (magazine). Retrieved 5 October 2015.
- 1 2 3 4 5 "Quintiq Supply Chain Planning Software Review [page 1]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
- 1 2 3 4 5 "Quintiq: The planning puzzle". Exceptional magazine. January 2014. Retrieved 5 October 2015.
- 1 2 3 "Quintiq expertly solving planning puzzles". Airport Business. 22 October 2014. Retrieved 5 October 2015.
- ↑ http://www.idgconnect.com/abstract/19100/c-suite-career-advice-rob-van-egmond-quintiq
- 1 2 "Quintiq Supply Chain Planning Software Review [page 2]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
- ↑ "Quintiq Supply Chain Management Software Review [page 3]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
- ↑ "Quintiq Supply Chain Planning Software Review [page 5]". allSupplyChain.com. 2011. Retrieved 5 October 2015.
- ↑ Callus, Andrew (24 July 2014). "Dassault to buy planning software provider Quintiq". Reuters. Retrieved 29 July 2014.