LLamasoft Reports Record 2018 Revenue and Customer Growth – Subscription Revenue Growth Exceeds 40 Percent
ANN ARBOR, Mich.—January 22, 2019—LLamasoft, a global leader in supply chain design and decisioning solutions, announced today that they have continued to build upon their solid growth results, posting more than a 40 percent increase in subscription revenues from 2017. LLamasoft also announced that it added 80 new customers in 2018, bringing the total customer count to nearly 700. To support this growth, LLamasoft’s global employee count also grew by more than 15 percent.
“Manufacturers, retailers, distributors and logistics service providers use LLamasoft to solve some of their most difficult supply chain problems,” said Razat Gaurav, CEO, LLamasoft. “By giving them a framework to investigate underlying interdependencies in their increasingly complex global supply chains, we’re helping the world’s leading companies leverage smarter design and decision making as a competitive weapon. Our own growth demonstrates that more companies are committed to leveraging data and advanced algorithms to achieve better business results.”
Customer momentum fueled by need for strong data-driven decision making capability
LLamasoft’s software helps businesses better understand 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 a way 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. Examples of customers that signed new agreements or expanded their relationship with LLamasoft in 2018 include:
- USA: Five Below, GE Healthcare, General Motors, GlobalTranz, Home Depot, Koppers, Nova Chemicals, Penske, Pricesmart, United States Marine Corps, Wayfair
- EMEA: Agility, Airbus, Allnex, Anheuser Busch InBev, Anglo, Arysta LifeScience, BASF, Eddie Stobart, Essilor, FM Logistics, GlaxoSmithKline, Solvay, Total
- LATAM: Arca Continental, Chanitos, Estafeta, Grupo Bimbo, Grupo Exito, Labtest, Mercado Libre, Natura, Usiminas
- APAC: Alibaba Group, Lion Diary, Logis, Ricoh, Suntory, Yamato Holdings
For more information, please visit www.llamasoft.com.
About LLamasoft, Inc.
LLamasoft supply chain digital design and decision software helps organizations worldwide design and improve their supply chain operations. LLamasoft solutions enable companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation. Headquartered in Ann Arbor, Michigan, LLamasoft is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world’s largest organizations.Media Contact
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