ANN ARBOR — LLamasoft, the Ann Arbor-based developer of supply chain modeling and design software, announced an investment by TPG Group, a private equity firm with offices in Fort Worth, Texas and San Francisco, Calif.
LLamasoft’s technology includes Supply Chain Guru for supply chain design. The company also plans this year to roll out new applications in supply chain visibility, planning, and demand modeling.
“This investment and partnership with TPG is a great thing for our customers and the supply chain software market as a whole because we share the vision that supply chain leaders need new disruptive technology that provides better access to information and more advanced capabilities to analyze and optimize their entire supply chain,” said Don Hicks, CEO of LLamasoft. “We’re proud of the leadership position we’ve established and of our pipeline of innovative products set for release this year. We look forward to continuing to drive value for our customers by leveraging the expertise and operational know-how of our new partners at TPG.”
Added Malte Janzarik, the London-based leader of TPG’s technology and media investments: “Operating in a marketplace that puts significant value on efficiency and customer satisfaction, companies are increasingly regarding their supply chain as strategic. As the undisputed leader in supply chain design software, LLamasoft is set to benefit from an omni-channel world where supply chains matter. The feedback we have received from customer interviews has been outstandingly positive. Customers have increasingly been using the LLamasoft software for their more frequent planning needs in addition to their supply chain design use cases.”
LLamasoft marks TPG’s second recent investment in supply chain technology, following its 2016 investment in Transporeon, a European cloud-based business network for industrial logistics. Some of the firm’s other investments in platforms and software companies include Advent Software, Airbnb, Eze Software, IMS Health, McAfee, Sabre, Uber and Vertafore.
The transaction is expected to close in the second quarter of 2017. Goldman Sachs, which invested in LLamasoft in 2015, will remain a significant shareholder. Terms of the transaction were not disclosed.