Second Consecutive Year and Second Fastest Growing Michigan Company
ANN ARBOR, Mich.[November 15, 2013] — LLamasoft, the global leader in supply chain design software solutions, has been named one of the fastest growing companies in North America on the Deloitte Technology Fast 500 for 2013. LLamasoft was ranked 175 on this list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. LLamasoft grew 630 percent over the past five years, and is ranked as the second fastest growing company in the state of Michigan.
As part of the list, LLamasoft is in the company of globally-recognized technology innovators such as Facebook, Tesla, Pandora, HubSpot, NetProspex, Salesforce.com and Tableau.
LLamasoft CEO Don Hicks credits the company’s continued development of innovative supply chain modeling technology and expanding enterprise portfolio with the company’s explosive growth. “We started LLamasoft to help companies solve complex supply chain challenges through better design. Our exponential growth and expansion validates our vision and strategy for driving ongoing customer value and recognizes the hard work and efforts of our entire team.”
The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About LLamasoft, Inc.
LLamasoft supply chain design software helps organizations worldwide design and improves their supply chain operations. LLamasoft solutions enable companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation. Headquartered in Ann Arbor, Michigan, LLamasoft is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world’s largest organizations.