LLamasoft® Completes Financing to Accelerate Growth and Innovation
October 25th, 2012
Ann Arbor, MI–LLamasoft, Inc., the world’s leading provider of supply chain design software and solutions, announced that it has accepted a major investment to accelerate its product, technology and market expansion.
MK Capital and Nike Inc, provided this first institutional financing for the 10 year old company, which has over 100 employees, offices in North America, Asia and Europe and registered 80% revenue growth in the past year. Augment Ventures and First Step Fund, also participated in this round of financing.
“MK Capital is excited to be partnering with LLamasoft,” remarked Mark Koulogeorge, managing partner at MK Capital. “Our diligence revealed the proven potential for LLamasoft to help clients unlock tens of millions of dollars of value per year due to superior supply chain design.”
“This engagement with MK Capital and Nike provides LLamasoft with the resources to take the Company to the next level,” said Donald A. Hicks, LLamasoft President and CEO. “LLamasoft has become the global leader in Supply Chain Design technology, and we are excited about the strategic value these partnerships will bring to enable the continued evolution of our technology and business solutions.”
LLamasoft is well known for its Supply Chain Guru® design application and solutions. Used by many Fortune 1000 companies, Supply Chain Guru® enables companies to design, analyze and optimize global supply chains to achieve lower costs, greater sustainability and improved service. The financing will enable LLamasoft to further accelerate talent acquisition, product development and expansion to cloud and mobile platforms.
“Every day, hundreds of global organizations rely on LLamasoft technology to design more competitive supply chain strategies,” said Toby Brzoznowski, LLamasoft Executive Vice President. “These funds will help us leverage our experience and technology to deliver a truly unique, go-to platform for Supply Chain Design that is the centerpiece of every company’s business strategy.”