LLamasoft reports 30% revenue gain

ANN ARBOR—LLamasoft, the Ann Arbor-based developer of supply chain modeling and design software, announced more than 30 percent growth in software subscription revenue in the first half of the year, as well as the addition of 33 new customers.

The privately held company did not release dollar figures.

LLamasoft says that among its products’ applications, its software has been used to design, build and operate optimized supply networks for life-saving medical supplies in multiple countries in Africa. Innovations have included the use of alternative delivery methods including drone delivery that have positively impacted an estimated 3.75 million lives in the first half of 2019 and enhancing traditional medical supply networks and broadening the reach of these health systems.

The company was awarded a Michigan Business Development Program performance-based grant of more than $500,000 to support its investment of $10.7 million into the expansion of its Ann Arbor headquarters. This investment supports LLamasoft’s business growth plans, which includes hiring additional software developers, data scientists, engineers, customer success and sales representatives to accelerate execution on the company’s product roadmap and expand support for additional customers. LLamasoft is on target to grow the global employee count by more than 20 percent into 2020.

LLamasoft’s software helps businesses assess how external and internal forces—such as tariffs, Brexit, evolving customer expectations and a desire for sustainability—will impact their supply chain. Businesses that use LLamasoft have the capability to analyze the impact of potential actions before they commit their resources to a course of action, keeping their global supply chain running optimally and resilient to volatility.

LLamasoft saw customer growth across multiple industries and geographies. Customers that have signed new agreements or expanded their existing relationship with LLamasoft in the first half of 2019 include:

  • United States: Acco Brands, American Eagle, Chamberlain Group, Eaton, FedEx Ground, Footlocker, Goodman, KBX Logistics, Koch Industries, L Brands, L’Oreal, Oatly, Phillips 66, Radial, Reckitt Benckiser, Sonos, The Chamberlain Group, Wells Enterprises
  • Europe-Middle East-Africa: Adama Agricultural Solutions, Cherkizovo Group, DHL Supply Chain, Müller Wiseman Dairies, Nestlé, NVD National Vehicle Distribution Limited, Ricoh Europe, Titan
  • Latin America: Copagaz, Martin Brower, OXXO, Panasonic, SurKarne, Ternium
  • Asia-Pacific: Anji Automotive, BOC Limited, Ebara, GNS Trading Trust, Porsche

For more information, visit www.llamasoft.com.

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