LLamasoft Reports Significant Revenue and Customer Growth in First Half of 2019
Software Subscription Revenue Growth Exceeds 30 Percent
ANN ARBOR, Mich. – August 28, 2019 – LLamasoft, the leading provider of enterprise supply chain design and decision-making solutions, announces strong growth results, posting more than a 30 percent increase in year-over-year software subscription revenues, bolstered by the addition of 33 new customers in the first half this year.
The company is also announcing continued progress on its goal to positively impact 100 million lives by 2022. Through partnerships with humanitarian organizations, governments and other innovative companies, LLamasoft solutions have 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 over half-a-million dollars that complements its private investment of $10.7 million into the expansion of its Ann Arbor, Michigan global 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.
“The world’s largest companies rely on LLamasoft to answer some of their most complex supply chain questions,” said Razat Gaurav, CEO, LLamasoft. “In times of accelerating change and continued economic uncertainty, global businesses need a systemic approach to continuously develop data-driven insights and make smart decisions leveraging advanced algorithms. With more rapid access to answers, agility, insight and the ability to rapidly operationalize decisions become a competitive weapon for these organizations. LLamasoft’s continued momentum is proof that more companies are committing to leveraging data and advanced algorithms to achieve healthier business results.”
Customer momentum fueled by need for strong data-driven decision making capability
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:
USA: 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
EMEA: Adama Agricultural Solutions, Cherkizovo Group, DHL Supply Chain, Müller Wiseman Dairies, Nestlé, NVD National Vehicle Distribution Limited, Ricoh Europe, Titan
LATAM: Copagaz, Martin Brower, OXXO, Panasonic, SurKarne, Ternium
APAC: Anji Automotive, BOC Limited, Ebara, GNS Trading Trust, Porsche
For more information, please visit www.llamasoft.com.