ANN ARBOR — The supply chain design software developer LLamasoft said Tuesday it had closed a $50 million Series B financing round with affiliates of Goldman, Sachs & Co.
The company said the minority investment will be used to fund numerous technology development and growth initiatives. Goldman Sachs will have one seat on LLamasoft’s board as part of the investment.
LLamasoft provides supply chain design, analytics and planning software to many of the world’s largest companies. In each of the last three years, LLamasoft has ranked as the fastest-growing supply chain software company in the exclusive Deloitte Fast 500 list of North American technology companies.
“The capital will help us accelerate our innovation and enable us to better partner with our clients on new business solutions,” LLamasoft CEO Don Hicks said in a statement. “Goldman Sachs’ business experience will also provide professional guidance and strategy for our continued growth.”
Added Jason Kreuziger, vice president in the merchant banking division of Goldman Sachs: “We have been impressed by the number and scale of global organizations that have successfully deployed LLamasoft to date, particularly given the very limited use of outside capitalm,” and added that the investors would work with LLamasoft “together to leverage this investment to further serve and expand this group of customers.”
Additional financial terms of the transaction were not disclosed.
More at http://www.llamasoft.com.