Quintiq Receives Minority Investment from LLR Partners and NewSpring Capital
Quintiq, a Radnor, PA, USA and s-Hertogenbosch, The Netherlands-basedAdvanced Planning and Scheduling (APS) enterprise software solutions, has received a significant minority investment from LLR Partners and NewSpring Capital.
The investment will enable the company to hire additional staff to support its growth initiatives and existing customer base.
Following the transaction, the company’s founders and employees will retain the remaining ownership. Victor Allis, based in Philadelphia, will continue to serve as worldwide CEO, and Arjen Heeres, based in The Netherlands, will remain COO.
Founded in 1997, Quintiq provides advanced planning, scheduling and supply chain optimization software solutions. The company offers and implements software for planning and optimizing complex business processes throughout the enterprise. They are implemented in 76 countries worldwide.