VC-backed Quintiq sold for €250m

The business will be incorporated into Euronext-listed Dassault's Delmia brand.

NewSpring and LLR invested in Quintiq in July 2011, with LLR leading the round. The two firms acquired a significant minority stake. NewSpring invested via its NewSpring Growth Capital fund.

Company
Founded in 1997, Quintiq is headquartered in 's-Hertogenbosch in the Netherlands and Radnor in Pennsylvania, US. The company employs 800 staff.

Quintiq develops software for supply chain and operations planning and optimisation, offering both on-premises and cloud-based products. According to the company, around 150,000 trains deliver 200 million tonnes of goods per year through planning with Quintiq's software.

The company claims to have a customer base of 250 across 90 countries. Customers include Novelis, Waitrose and Brussels Airport.

People
Victor Allis is the CEO of Quintiq. NewSpring partner Marc Lederman and LLR partner Gregory Case both sat on the company's board of directors.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Technology
• Netherlands
• Trade sale