Welcome!

News Feed Item

Quintiq Shatters Records in 2013

'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, 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.*** Quintiq set 106 additional world records in solving the Flexible Job Shop Scheduling Problem.
  • 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, 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; ASAŞ Alüminyum, 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; a Best Place to Work in Philadelphia, 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 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 and England 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, Facebook, LinkedIn and YouTube.

    Press Contacts:    
    North America Enquiries
    Jon Temerlies
    Racepoint Global
    Tel: +1-202-349-0859
    [email protected]
    
    EMEA Enquiries
    Charlotte Poh
    Global Marketing Communication Manager
    Tel:+31(0)736910739
    [email protected]

SOURCE Quintiq

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busi...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.