212 Capital Partners announces investment in Solvoyo
Amsterdam, the Netherlands, January 8, 2013
212 Capital Partners, the early-stage venture capital fund advised by 212 Ltd, makes its first investment of the year in Solvoyo, a Boston based “Software As A Service” (SaaS) provider of advanced supply chain optimization solutions.
Solvoyo launched its flagship product planLM - the only holistic SaaS product that integrates key operational supply chain decision-making in production, inventory optimization, transportation and replenishment planning, in 2010. The company has a significant R&D presence in Istanbul.
“In an increasingly complex and competitive global environment, efficient planning of strategic production and distribution systems is no longer in the luxury domain of large companies. Now with planLM, small and mid-size companies can also implement advanced planning solutions to compete on cost and customer satisfaction. We enable our customers to think more creatively inside and outside the box - literally,” said Koray Dogan, PhD, Founder and CEO of Solvoyo.
“Gartner estimates the Global Supply Chain Management (SCM) Software market will grow at a CAGR of 9% over the period 2011-2015. One of the key factors contributing to this advance is the need to boost productivity. At this point, Solvoyo has successfully built a formidable product suite to shake the industry from its roots. Solvoyo’s SaaS deployment model is disruptive to the current supply chain software models that rely on hefty upfront IT investment. Its optimization based supply chain planning and analysis capabilities are superior to competitor products and offers unprecedented scalability over cloud technology. Solvoyo’s flexible architecture allows plug-and-play integration with ERP systems. We had the opportunity to closely follow Solvoyo’s exponential growth over the last two years and are proud to become partners,” said Ali Karabey, Managing Director of 212 Ltd.
Solvoyo is a Boston based SaaS provider for advanced supply chain optimization solutions. Solvoyo’s breakthrough flagship product, planLM, a cloud powered mathematical optimization engine, offers the only holistic solution that integrates key operational supply chain decision making in the areas of transportation optimization, production planning, inventory optimization, and replenishment planning.
For further information, please visit www.solvoyo.com
212 Ltd advises 212 Capital Partners, currently the biggest early-stage venture capital fund dedicated to make investments in early stage Internet and technology companies in Turkey.
Solvoyo is 212’s seventh investment, following Butigo.com, online fashion retail start-up focusing on fast fashion, Balerin.com, front-runner in the online personal care vertical, ArcadeMonk, Turkish social gaming studio, Hemenkiralik.com, the online marketplace for people to list and book short-term rentals in Turkey, Cloudarena, SaaS solutions for hotel management and socializing the online travel experience and Hazinem.com, the online jewelry store.
For further information, please visit: www.212ltd.com