ANN ARBOR – Augment Ventures recently made its second investment, in leading analytics software company LLamasoft. Terms were not disclosed. LLamasoft will use the investment to further development of its supply chain solutions software.
?LLamasoft is an attractive investment because its leading analytics software has a huge potential to unlock business intelligence and optimization in today?s complex global supply chain – for resource utilization, managing risk and tracking global carbon footprint,? said Sonali Vijayavargiya, managing director, Augment Ventures. ?The founding team has boot strapped the business and is now poised to take advantage of the expanding data driven market opportunity.?
LLamasoft?s software improves profitability by optimizing resource utilization, enhance reliability by improving risk management and achieving sustainability targets by tracking global carbon foot print of complex supply chains.
?Augment Ventures has been a great partner helping us put together our strategy and financing team going forward,? said Don Hicks, CEO and founder LLamasoft. ?Augment has been extremely effective helping us make connections with top executives in North America and abroad to help refine our strategy and drive value for our shareholders. We?re excited to build on our successful relationship.?
