May 15, 2015
At the 2015 PACT Enterprise Awards, LLR Partners and NewSpring Capital were honored with the Investment Deal of the Year award for the sale of Radnor, PA-based Quintiq to Dassault Systèmes.
LLR and NewSpring first invested in Quintiq, a provider of on-premise and on-cloud supply chain and Operations Planning & Optimization software, in 2011. Quintiq was acquired by Dassault Systèmes (Euronext Paris: DSY.PA), a world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, in October 2014 for approximately €250 million.
Read more about the origins of LLR’s investment in Quintiq, the company’s growth and sale to Dassault in this ACG Philadelphia profile and click here for the complete list of 2015 PACT Enterprise Award Winners.