Quintiq

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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[edit]

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[edit]

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[edit]

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[edit]

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[edit]

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[edit]

  1. ^ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22478839
  2. ^ a b Morris, David Z. (21 August 2015). "Game on: How chess computers became logistics masterminds". Fortune (magazine). Retrieved 5 October 2015. 
  3. ^ a b c d e "Quintiq Supply Chain Planning Software Review [page 1]". allSupplyChain.com. 2011. Retrieved 5 October 2015. 
  4. ^ a b c d e "Quintiq: The planning puzzle". Exceptional magazine. January 2014. Retrieved 5 October 2015. 
  5. ^ a b c "Quintiq expertly solving planning puzzles". Airport Business. 22 October 2014. Retrieved 5 October 2015. 
  6. ^ http://www.idgconnect.com/abstract/19100/c-suite-career-advice-rob-van-egmond-quintiq
  7. ^ a b "Quintiq Supply Chain Planning Software Review [page 2]". allSupplyChain.com. 2011. Retrieved 5 October 2015. 
  8. ^ "Quintiq Supply Chain Management Software Review [page 3]". allSupplyChain.com. 2011. Retrieved 5 October 2015. 
  9. ^ "Quintiq Supply Chain Planning Software Review [page 5]". allSupplyChain.com. 2011. Retrieved 5 October 2015. 
  10. ^ Callus, Andrew (24 July 2014). "Dassault to buy planning software provider Quintiq". Reuters. Retrieved 29 July 2014.