'S--HERTOGENBOSCH, The Netherlands, March 13, 2014 /PRNewswire/ --
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/201303... )
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... ]
.*** 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
[http://www.quintiq.com/news-2013/quintiqs-global-expansion-c... ]
, and Seoul
[http://www.quintiq.com/news-2013/quintiq-opens-new-office-in... ],
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
[http://www.quintiq.com/news-2013/swedish-steel-producer-sele... ]
, a leading producer of high-strength steel; Tribotecc GmbH
[http://www.quintiq.com/news-2013/tribotecc-chooses-quintiqs-... ]
, the leading manufacturer of sulfides
worldwide; skyguide
[http://www.quintiq.com/news-2013/swiss-air-navigation-servic... ]
, air traffic control for Switzerland and adjacent
airspace; Severstal
[http://www.quintiq.com/news-2013/severstal-signs-agreement-t... ]
, a top steel producer in Russia; Lafarge
[http://www.quintiq.com/news-2014/lafarge-has-selected-quinti... ]
, a world leader in building materials; ASAS Alueminyum
[http://www.quintiq.com/news-2014/asas-aluminyum-selects-quin... ]
, a leading aluminum extrusion company in Turkey; and Amy's Kitchen
[http://www.quintiq.com/news-2013/amys-kitchen-selects-quinti... ]
, 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-... ];
a Best Place to Work in Philadelphia
[http://www.quintiq.com/news-2013/quintiq-selected-as-philade... ]
, awarded by the Philadelphia Business Journal; and Technology Company of the Year
[http://www.quintiq.com/news-2013/quintiq-named-technology-co... ]
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/P... ] 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-benchmar.... SINTIF, 2013
About Quintiq
(CONTINUA)
