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ANN ARBOR, MI – March 26, 2008 — LLLamasoft Inc., the leading provider of supply chain network design software, was recently recognized as one of the Michigan 50 Companies to Watch, an awards program sponsored by the Edward Lowe Foundation.
LLamasoft will be honored at an awards ceremony during the third annual Michigan Celebrates Small Business event on April 24th in Lansing, Michigan.
"Michigan 50 Companies to Watch is a unique awards program designed to shine the spotlight on second-stage companies,” says Mark Lange, executive director of the Edward Lowe Foundation, a not-for-profit operating foundation based in Michigan. The foundation’s mission is to “champion the entrepreneurial spirit” by encouraging entrepreneurial cultures in communities throughout the country and helping second-stage companies learn from each other.
"When it comes to a robust economy, second-stage entrepreneurs play a critical role because they generate new jobs and sustainable growth,” Lange says. “And yet, they’re not often recognized or appreciated for the impact they have on the economy or the community.”
LLamasoft’s Supply Chain Guru™ has been established as a market-leading product for all supply chain network design needs due to its true and tight integration of Optimization and Simulation technologies. Now, Greenhouse Gas Emissions modeling and optimization capabilities have been added, empowering companies to reduce their impact on the environment and improve their “green credentials.”
Donald A. Hicks, LLamasoft president and CEO, noted, “Recognition by the Edward Lowe foundation validates our innovation and hard work, and the decision to build our business in Ann Arbor, using local development and engineering talent.”
Companies nominated for the Michigan 50 Companies to Watch list must be second-stage companies and meet criteria for number of employees, sales revenue, and growth. In addition, the companies must be privately-held and headquartered in Michigan.
Winners were selected by judges from the banking, economic development, entrepreneurship development, and venture capital communities. Judges evaluated the nominees’ intent and capacity to grow based on factors which included exceptional entrepreneurial leadership, competitive advantage, and demonstrable growth in sales and employee base.
Information about the 2008 Michigan 50 Companies to Watch program can be found at http://Michigan.CompaniesToWatch.org
For information about Michigan Celebrates Small Business, visit http://MichiganCelebrates.biz
About LLamasoft
LLamasoft provides software and expertise to design and modify supply chain network operations. Supply Chain Guru™ is the leading supply chain strategic planning application available in the market today. It enables companies to model their supply chain operations, optimize the structure for cost and profitability, and simulate proposed changes, allowing users to implement their changes with confidence.
Clients use LLamasoft’s Supply Chain Guru™ to identify major financial and operational improvements in transportation, inventory, sourcing, and production applications.
The privately-held company, based in Ann Arbor, Michigan, was founded in 1998 as the first company to combine enterprise-level simulation with full-feature network optimization within a single modeling structure. Clients include many of the world’s largest organizations, including ConocoPhillips, Dell, J. C. Penney, Cadbury-Schweppes, and Unilever Corporation.
For more information, visit www.LLamasoft.com or contact info@LLamasoft.com.
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