Quintiq Shatters Records in 2013
Quintiq Shatters Records in 2013
PR56149
'S-HERTOGENBOSCH, The Netherlands /PRN=KYODO JBN / --
Continued global expansion and 26% revenue growth amongst the highlights of
a successful year for the leader in supply chain planning and optimization
Quintiq [http://www.quintiq.com ], a global leader in supply chain planning
and optimization (SCP&O), announced today it achieved a record level of revenue
in 2013. Driven by global expansion and 26% revenue growth, Quintiq's approach
to SCP&O, which broke a number of world records in 2013, is setting the
standard for the supply chain industry.
(Logo: http://photos.prnewswire.com/prnh/20130328/606756 )
In what was a banner year, a number of accomplishments fueled Quintiq's
success:
- Record revenue and rapid growth - Despite the volatile global economy,
FY2013 saw Quintiq achieve record revenue of $100M,* representing 26% growth,
and secure 65% pipeline growth, positioning the company for even greater
success in 2014. Quintiq is the fastest growing SCP&O vendor among the top
players, enjoying five times the average overall market growth. Based on its
global market share, Quintiq was ranked the fourth largest SCP&O company by
technology advisory firm Gartner.**
- Setting world records - Quintiq created optimization solutions for the
Vehicle Routing Problem with Time Windows benchmarks, setting three world
records [
http://www.quintiq.com/news-2013/quintiq-shatters-four-world-records-for-logistics-optimization.html
] .*** Quintiq set 106 additional world records in solving the Flexible Job
Shop Scheduling Problem
[http://www.quintiq.com/optimization/fjssp-world-records.html ].
- Global expansion - Quintiq relocated its headquarters in the Netherlands
to accommodate increasing business demand. The company also opened new offices
in Stockholm, Sydney [
] , and Seoul [
http://www.quintiq.com/news-2013/quintiq-opens-new-office-in-seoul-south-korea.html
], expanding its global footprint to 16 locations. In 2013, Quintiq hired 122
people, bringing the number of full-time employees to over 720.
- Customer wins - The addition of significant customer agreements fueled
the company's momentum. Notable wins include SSAB [
] , a leading producer of high-strength steel; Tribotecc GmbH [
] , the leading manufacturer of sulfides worldwide; skyguide [
] , air traffic control for Switzerland and adjacent airspace; Severstal [
] , a top steel producer in Russia; Lafarge [
] , a world leader in building materials; ASAS Alueminyum [
] , a leading aluminum extrusion company in Turkey; and Amy's Kitchen [
] , a leading producer of natural, organic convenience and frozen foods.
- Awards - Quintiq received a number of awards in 2013 validating its
technology and corporate culture. This included selection by Deloitte, ING, the
Confederation of Netherlands Industry and Employers and TiasNimbas Business
School as one of the Netherlands' Best Managed Companies [
http://www.quintiq.com/news-2013/quintiq-selected-list-best-managed-companies.html
]; a Best Place to Work in Philadelphia [
http://www.quintiq.com/news-2013/quintiq-selected-as-philadelphias-best-places-work.html
] , awarded by the Philadelphia Business Journal; and Technology Company of the
Year [
] at the Greater Philadelphia Alliance for Capital and Technologies Enterprise
Awards.
- "The Missing Piece of the Profit Economy" - Dr. Victor Allis, CEO of
Quintiq, delivered an industry-defining presentation [
http://gartner.mediasite.com/Mediasite/Play/2dcf5936359e4c99ae5385c73a359e3a1d
] at Gartner's Supply Chain Executive Conference in Phoenix, Ariz., explaining
why companies need to move beyond ERP and use software that enables them to
control their future and uncover hidden profit potential. The presentation was
later delivered by Dr. Allis and Arjen Heeres, COO of Quintiq, at Gartner's
Supply Chain Executive Conferences in Australia
[http://www.gartner.com/technology/summits/apac/supply-chain ] and England
[http://www.gartner.com/technology/summits/emea/supply-chain ] respectively.
"Quintiq is off to a great start in 2014 having just been selected by
Frost & Sullivan for a Global Customer Value Leadership Award. Most large-sized
SCP&O solution providers address operational complexities across several
industries; however, they often miss the nuances and industry applications that
are unique to the supply side of process industries," said Frost & Sullivan
Senior Industry Analyst Naveen Kumar Ramasamy. "Quintiq plugs this gap with the
Quintiq technology platform and maintains a high degree of flexibility between
standardization and customization, with its architecture built in a way that
the platform can be customized without any disturbance to the underlying
layers," noted Kumar. "In addition, Quintiq's comprehensive customer support
services program enables its customers to reap high returns on investment."
"We built upon and solidified our leading market position, and I am proud
of the records we achieved in our 16th year," said Victor Allis, CEO of
Quintiq. "Customers from diverse industries around the world are creating
competitive advantage and achieving new levels of performance and efficiency
with our planning and optimization software. With Quintiq, companies can
embrace what makes their business unique and help them achieve their business
goals with least cost and highest performance result."
* Financial results are unaudited.
** Gartner Market Snapshot: Supply Chain Management Software, Worldwide,
2012, Chad Eschinger, Yanna Dharmasthira, Chris Pang, 2 May 2013.
***
http://www.sintef.no/Projectweb/TOP/VRPTW/Homberger-benchmark/1000-customers/ .
SINTIF, 2013
About Quintiq
Every business has its supply chain planning puzzles. Some of those
puzzles are large. Some are complex. Some seem impossible to solve. Since 1997,
Quintiq has been solving each of those puzzles using a single supply chain
planning & optimization software platform. Today, approximately 12,000 users in
over 80 countries rely on Quintiq software to plan and optimize workforces,
logistics and production. Quintiq has headquarters in the Netherlands and the
USA, and offices around the world.
For more information, visit http://www.quintiq.com or follow Quintiq on
Twitter [https://twitter.com/Quintiq ], Facebook
[https://www.facebook.com/Quintiq ], LinkedIn
[http://www.linkedin.com/company/quintiq ] and YouTube
[http://www.youtube.com/user/channelquintiq ].
Press Contacts:
North America Enquiries
Jon Temerlies
Racepoint Global
Tel: +1-202-349-0859
Quintiq@Racepointglobal.com
EMEA Enquiries
Charlotte Poh
Global Marketing Communication Manager
Tel:+31(0)736910739
pressrelease@quintiq.com
Source: Quintiq
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