Quintiq, supply chain planning and optimization software firm with joint HQ in Radnor, acquired for $336 million

Tom Paine

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It must be difficult for a French firm to get a deal done just days before most of the country is readying to start its August vacation. But Dassaualt Systems managed to do just that last week when it announced the acquisition of Quintiq of Radnor and the Netherlands. Quintiq provides sophisticated supply chain planning and optimization software that solves issues for clients such as BAE, Canadian National, and the FAA. Dassault, which is an outgrowth of the aerospace firm of the same name, calls itself the ninth largest global software commpany with extensive experience in product lifecycle management software. Its American headquarters are in Waltham, MA.



Dassault paid US $336 million for privately held Quintiq, whose largest investors were
both Philadelphia area firms, LLR Partners and NewSpring Capital, which in 2011 said they had made a "significant" minority investment in the firm, with the remainder of ownership held by founders and employees. In 2013, Quintiq said it expected revenue to be in excess of
$100 million with 36% growth. That would imply a price/sales ratio of about 3.5, which
is fairly low given its growth dynamics, and suggests to me possibly either low margins or a recent glitch in growth.

Quntiq was founded in 1997 by CEO Victor Allis, a Dutch university professor, who is currently based out of Radnor. Quintiq established its first US office in Wayne in 2005, probably since a high percentage of its customers run SAP ERP. In a letter to the Quintig community regarding the acquisition, Allis points out that Dassault also owns Apriso, with which Quintiq expects some product integration to occur.

Quintiq and Dassault are planning a world tour to introduce the combined companies and
their capabilities, including a stop in Philadelphia on October 15.

Quintiq has about 800 employees. A report from a couple of years ago said Quintiq had 70
employees in the Philadelphia area, and I am trying to get an update on that from the company.