Quintiq Posts Record-Breaking Revenues in 2010, Projects 40% Growth in 2011By Quintiq, PRNE
Wednesday, March 30, 2011
CEO Victor Allis Attributes Success to Global Expansion, Fortune 500 Business Wins in Expanding Markets Such as North America, Gartner Industry Recognition and Continued Growing Demand From International Markets
'S-HERTOGENBOSCH, The Netherlands, March 31, 2011 - Quintiq, a global leader of advanced planning and scheduling
solutions, reports record revenue of EUR34 million for 2010, a 40% increase
over the previous year and remains confident in its continued growth in 2011.
(Photo: www.newscom.com/cgi-bin/prnh/20110331/447728 )
Among the factors driving Quintiq's record revenues were continued
momentum in European markets, accelerated growth in the United States,
consolidation of market leadership in key verticals, and increased demand for
logistics optimization and planning.
"Quintiq's advanced planning and scheduling solutions were bound to find
success in the new markets we entered. In addition to strong customer wins in
Europe, we closed three significant deals in North America and announced dual
headquarters in the Netherlands and Philadelphia as well as opening a second
U.S. office in San Francisco," said Quintiq CEO Victor Allis. "Quintiq also
opened a new Global Development Centre office and regional headquarters for
Southeast Asia in Malaysia. The Kuala Lumpur office is a vital part of our
While laying a foundation for future growth, Quintiq announced
significant client wins from market leaders in their respective verticals,
including Akzo Nobel Powder Coatings, Canadian National Railway, PANSA, P&O
Ferrymasters, Saint-Gobain Glass Logistics, Sapa Heat Transfer AB, FAA, Air
Products and BAE Systems.
Quintiq's advanced planning and scheduling solutions also gained
visibility when Gartner named the firm as a Visionary in the 2010 Magic
Quadrant for Supply Chain Planning for process Automation. With Gartner
predicting accelerated supply chain spending as companies recognize that
improving their planning process is still a significant area of opportunity,
Quintiq is poised for more growth in 2011.
Quintiq forecasts 40% revenue growth for 2011. The global technology
company will drive toward that goal with an increased focus on North America.
Quintiq also expects its newer business units to see favorable adoption in
2011, especially in the Asia-Pacific region.
"Quintiq is focused on drawing a larger percentage of our revenue from
international business units-which we classify as outside of Europe," Allis
said. "Currently, about two-thirds of our new licenses come from
organizations in Europe. With our global focus and initiatives, we expect new
licenses in 2011 to come closer to 50% from Europe and 50% from the rest of
Quintiq provides advanced planning, scheduling and supply chain
optimization software solutions. This fast-growing company, established in
1997, offers and implements software for planning and optimizing complex
business processes throughout the enterprise. The company's dual headquarters
are located in the Netherlands and the USA with subsidiaries in Australia,
China, Finland, Germany, Italy, Malaysia, and the United Kingdom. Quintiq
systems are implemented in 74 countries worldwide. More at
Follow us on Twitter: www.twitter.com/quintiq
More information: Quintiq, Robin Sands, Marketing Communications Manager, Tel: +1-415-655-6612, robin.sands at quintiq.com
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