LLamasoft buys supply chain software firm Barloworld
LLamasoft, which was founded in 2003 by University of Michigan graduates to design supply chain software, said it would acquire Barloworld’s Supply Chain Software Division for an undisclosed amount. The division of Barloworld, an industrial brand management company founded in South Africa, has about 100 employees. They are expected to remain with LLamasoft in their current office outside London, officials said.
The combined company will have nearly 400 employees and more than $50 million in annual revenue, according to LLamasoft CEO Don Hicks.
Richard Forrest, CEO of the Barloworld Supply Chain Software division, said in statement that the combination of the two companies “will form part of a larger supply chain design community driving innovation, deeper domain expertise and knowledge sharing across a variety of supply chain planning platforms.”
LLamasoft provides supply chain design, analytics and planning solutions to many of the world’s largest companies. The company was valued in September at about $200 million, according to officials. LLamasoft already has its own offices outside London as well as offices in China, Colombia and Japan, company officials said.
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