ToolsGroup Strengths, Domain Expertise, and Key Differentiators
ToolsGroup is a global provider of supply chain planning and demand analytics software. ToolsGroup’s customers overcome volatile demand and challenging supply chains to generate accurate forecasts and outstanding customer service levels with less global inventory. Reliable behind-the-screen technology and scalable statistical models enable highly intelligent data-driven decision making, combined with ease of use. ToolsGroup’s solutions span key supply chain planning areas such as Demand Forecasting and Collaboration, S&OP, Demand Sensing, Promotion Forecasting and Multi-Echelon Inventory Optimization (MEIO).
ToolsGroup Recent Developments
In May 2020, ToolsGroup, launched its promotion planning software, Promo Planning, which simplifies and streamlines promotion optimization for retail and consumer products (CPG) companies. Promo Planning leverages machine learning to automate the complications of promotion planning. It allows marketing professionals to plan and optimize campaigns with a level of detail that is relevant to their needs, all while staying perfectly synchronized with their supply chain colleagues.
ToolsGroup Mergers and Acquisitions (M&A) Activities
In September 2023, ToolsGroup, a provider of retail and supply chain planning software, has acquired Evo, a company specializing in AI and ML solutions for business performance optimization. This strategic integration of Evo's responsive AI with ToolsGroup's Service Optimizer 99+ (SO99+) and JustEnough® solutions aims to provide customers with the most efficient, real-time supply chain and price optimization solution in the market.
In November 2021, ToolsGroup has purchased Mi9 Retail’s demand management business formerly known as JustEnough Software.
ToolsGroup Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ToolsGroup applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ToolsGroup and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SO99+, Multi-Echelon Inventory Optimization (MEIO), Vendor Managed Inventory (VMI), Demand Forecasting, Demand Collaboration customers.
ToolsGroup Overview
75 Federal Street, Suite 920
Boston, MA, 2110, United States
1 617-263-0080
https://www.toolsgroup.com/
Ownership: - Accel-KKR
Number of Employees: 300
Functional Markets: SCM,
Key Verticals: Aerospace and Defense, Automotive, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Hospitality, Life Sciences, Manufacturing, Youth and Elderly Care, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
ToolsGroup Key Enterprise and Cloud Applications
SO99+, Multi-Echelon Inventory Optimization (MEIO), Vendor Managed Inventory (VMI), Demand Forecasting, Demand Collaboration
ToolsGroup Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ToolsGroup Revenue Breakdown By Type, $M:
ToolsGroup Enterprise Applications Revenues By Functional Markets, $M:
ToolsGroup Enterprise Applications Revenues By Verticals, $M:
ToolsGroup Revenues By Region, $M
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe | Subscribe |
ToolsGroup Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
ToolsGroup Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified ToolsGroup Customers
No. of ToolsGroup Customers: 400
No. of ToolsGroup Enterprise Applications Customers: 400
No. of ToolsGroup Cloud Customers: x
No. of ToolsGroup Cloud Subscribers: x
The clientele spans major international corporations, national oil companies, government agencies, and independent refineries. This diverse customer base underscores Shell's global footprint, with a strong presence across various industries and geographies.
ToolsGroup Market Opportunities, M&A and Geo Expansions
ToolsGroup is expanding its product portfolios by the acquisition of Mi9 Retail’s demand management business division. The combined company gives retailers a powerful new technology arsenal to efficiently improve product availability under constrained supply and outperform the competition. This acquisition coincides with the closing of a significant growth investment received by ToolsGroup from Accel-KKR.
In May 2018, ToolsGroup has secured a growth equity investment from Accel-KKR. ToolsGroup will use this funding to build on its successful growth in the $4 billion Supply Chain and Integrated Business Planning (IBP) market1. The funding will also help ToolsGroup extend its lead in AI, machine learning and Cloud/SaaS technologies for supply chain planning applications.
ToolsGroup Risks and Challenges
ToolsGroup, like any company, faces various risks, including internal and external factors as well as challenges in their go-to-market strategy. Internal risks could involve issues within the organization such as operational inefficiencies, changes in leadership, or technological disruptions. External risks may include economic downturns, geopolitical events, and shifts in the competitive landscape. Go-to-market challenges might involve reaching target customers effectively, managing distribution channels, or adapting to evolving market demands. As a market analyst, a detailed analysis of these factors is essential for a comprehensive understanding of ToolsGroup's risk landscape and market positioning.
ToolsGroup Ecosystem, Partners, Resellers and SI
In December 2023, ToolsGroup, a prominent retail and supply chain planning software company, and NTT DATA, a global leader in digital business and IT services, announced a strategic global partnership. This collaboration aims to empower organizations with enhanced opportunities for intelligent and efficient supply chain digital transformation decisions, leveraging cutting-edge AI-driven technology and industry expertise.
In 2021, ToolsGroup extended its partnership with some of their old partners Spinnaker SCA, Chainalytics, Supply Chain Process Improvement, Inc.
ToolsGroup has partners across 5 continents and among them are : Optilon, Brookes, Rasner Logistic Software, Bestechnology, Sistek, Finstock, E-Novations, and others.
ToolsGroup Cloud Infrastructure Insights
Subscribe to read more about:
- ToolsGroup Public Cloud and Infrastructure (IaaS)
- ToolsGroup Platform (PaaS)
- ToolsGroup Application Delivery
- ToolsGroup Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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