|By RealWire News Distribution||
|January 17, 2014 01:02 AM EST||
Series B funding round used to meet growing North American customer demand
January 16, 2014 - Eyefreight (www.eyefreight.com), a European leading provider of Transportation Management System (TMS) technology, today announced it has raised €9 million in a funding round led by existing investors De Hoge Dennen Capital and Global Cleantech Capital and will use the new capital to expand operations into North America, establishing U.S. headquarters in Evanston, Illinois.
Eyefreight will use the funding to enhance the company's Software-as-a-Service (SaaS) product and support growing customer demand in North America. The financing will also help Eyefreight set up its U.S. corporate headquarters in Evanston and recruit new business development and sales leadership teams.
"Eyefreight has always created unique solutions to address global logistics operations issues," said Ken Fleming, CEO of Eyefreight. "Our technology enables large, multi-national shippers who require a single platform to better manage outsourced transportation and gain flexibility within their logistics operations. This funding enables us to bring to North American businesses the same supply chain efficiencies we've helped brands attain in the European market, where we've helped clients achieve up to 20 percent reduction of total freight costs by increasing supply chain visibility."
Chicago's growing logistics community attracted Eyefreight to the area. The Midwest also serves as a critical location for supply chain operations and a central hub of multi-national organisations with access to Great Lakes ports, main cross-country highways and carriers, and leading area universities that provide ongoing sources of logistic and technological talent.
"Eyefreight has an outstanding relationship with the technical University of Eindhoven in the Netherlands, whose faculty and students have helped in the development of some of our technology," added Fleming. "With Northwestern, the University of Chicago and other great schools in our backyard, Eyefreight hopes to replicate that success in the U.S. and tap the resources and talent emerging from those first-rate institutions."
Mr. Fleming will be based at Eyefreight's global headquarters in Utrecht, where he will oversee the U.S. expansion and manage strategic initiatives, including the recruitment of leadership, sales, product development and support talent.
Eyefreight, one of the fastest growing TMS providers in Europe, achieved record sales and tripled in size since its founding in 2008. This success, coupled with the recent funding round, has enabled Eyefreight to make great strides in enhancing the company's SaaS product, which yields rapid ROI for its customers, such as Tata Steel, Levi's, Mango, Campari and Heineken, by providing central coordination and detailed data visibility over complex, worldwide transportation operations. Eyefreight specialises in integrating with existing supply chain management platforms to maximise customer resource value and minimise disruption to supply chain velocity.
A leading provider of Transportation Management System (TMS) technology, Eyefreight architects cutting-edge software solutions to help clients streamline global logistics operations. Fueled by a rich heritage of growth through innovation, from shipment planning to freight settlement, Eyefreight reduces costs, improves timeliness, increases service levels and ensures sustainability. Designed for flexibility and scale, Eyefreight's application technology and algorithms easily configure to meet each individual client's specific network needs.
Founded in 2008 by industry veterans dedicated to transforming the logistics function into a true profit center for any organisation, Eyefreight's current client roster spans multiple verticals worldwide. Eyefreight is headquartered in Utrecht, the Netherlands. Please visit www.Eyefreight.com for more information.
- # # # -
UK press contact
T: +44 (0)20 7401 7968
E: [email protected]
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
Oct. 26, 2016 12:00 AM EDT Reads: 1,034
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
Oct. 26, 2016 12:00 AM EDT Reads: 34,215
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Oct. 26, 2016 12:00 AM EDT Reads: 3,843
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Oct. 26, 2016 12:00 AM EDT Reads: 3,186
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
Oct. 25, 2016 11:45 PM EDT Reads: 2,987
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Oct. 25, 2016 10:45 PM EDT Reads: 981
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 25, 2016 10:15 PM EDT Reads: 983
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Oct. 25, 2016 09:15 PM EDT Reads: 880
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Oct. 25, 2016 08:45 PM EDT Reads: 2,708
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Oct. 25, 2016 08:45 PM EDT Reads: 3,242
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
Oct. 25, 2016 08:30 PM EDT Reads: 1,104
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
Oct. 25, 2016 08:15 PM EDT Reads: 1,375
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Oct. 25, 2016 07:30 PM EDT Reads: 1,119
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Oct. 25, 2016 07:30 PM EDT Reads: 1,543
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
Oct. 25, 2016 07:15 PM EDT Reads: 312