LLR Partners and NewSpring Capital Invest in Quintiq, Supporting its Continued Drive for Market Leadership
July 19, 2011 | Radnor, United States
Quintiq, a leading provider of Advanced Planning and Scheduling (APS) enterprise software solutions, and Philadelphia-area private equity firms LLR Partners and NewSpring Capital announced today that the firms have made a significant minority investment in the company with the remaining ownership held by Quintiq's founders and employees. The well-established Quintiq management team remains in place to continue steering the company as it has successfully done since its founding in 1997.
As a profitable, privately owned company with year-over-year growth of approximately 40%, Quintiq has established a strong market position to continue on its growth path. Nevertheless, the company welcomed the opportunity to partner with professional investors who bring significant experience in helping guide companies through their growth cycles. The investment and professional backing will allow Quintiq to better serve existing customers and reach its goal to become the market leader in the supply chain optimization sector.
"We are very pleased to partner with LLR and NewSpring as we embark on our next chapter of growth," said Victor Allis, CEO of Quintiq. "They are an excellent fit for our company, both financially and professionally. Both firms are based close to our North American headquarters and throughout the entire process their teams have been great to work with. We very much look forward to growing our business together."
Greg Case, a Partner of LLR, commented, "It's rare to see a company that has so successfully bootstrapped itself, without any outside financial backing, to reach Quintiq's current scale. With the additional resources now available to Quintiq, we will be able to assist the company in managing its rapid growth."
Marc Lederman, a Partner of NewSpring, added, "Having already demonstrated it has the technology, vision and effective management to succeed in its market, Quintiq is poised to become the clear market leader. Working together, I am confident we can achieve that objective."
Quintiq is managed from dual headquarters in the U.S. and Europe, providing a broad base for its worldwide operations. Victor Allis, based in Philadelphia, will continue to serve as worldwide CEO, and Arjen Heeres, based in The Netherlands, will remain COO. Quintiq expects to hire additional talent to support the company's growth initiatives and existing customer base.
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 worldwide 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 76 countries worldwide. For additional information, please visit us at www.quintiq.com. Follow us on Twitter at www.twitter.com/quintiq.
Global Marketing Communications Manager
Tel: +1 415 655 6612
About LLR Partners
LLR Partners, a leading private equity firm based in Philadelphia, PA, provides capital to middle market growth companies with proven business models in a broad range of industries including information technology, financial, health care and business services, and education. With over $1.4 billion under management, LLR is flexible in its approach, taking minority or majority positions, and investing in transactions ranging from expansion and growth capital to recapitalizations and buyouts. For more information, please visit www.llrpartners.com.
Tel: +1 215 717 2907
About NewSpring Capital
NewSpring Capital, based in Radnor, PA, is a leading provider of private equity capital focused in the Mid-Atlantic region. NewSpring Capital currently has over $700 million of assets under management. The family of funds consists of: (i) NewSpring Growth, which provides equity capital to growth and expansion stage companies with a focus on business services, enabling technology and information technology; (ii) NewSpring Healthcare which provides equity capital to healthcare companies within the healthcare services, medical device, and speciality pharmaceutical sectors; and (iii) NewSpring Mezzanine, which provides mezzanine capital for expansion stage and buyout opportunities in the business services, healthcare, information technology, and specialty manufacturing sectors. NewSpring Capital partners with entrepreneurs, leveraging its capital and experience, to assist them in turning their visions into reality. To learn more about NewSpring Capital, please visit www.newspringcapital.com.
Tel: +1 610 567 2391
Global Marketing Communications Manager
Tel: +31 (0)736910739