ToolsGroup revenue hit $16.9M in 2024

ToolsGroup generates revenue from customers

ToolsGroup

Amsterdam, Nood-holland, Netherlands

About Company RevenueTeamFounder/CEOCEO Net Worth

How ToolsGroup hit $16.9M revenue with a 211 person team in 2021.

Developer and provider of SaaS supply chain planning software. The company's planning software spans demand forecasting, demand sensing, multi-echelon inventory optimization, and S&OP, aiding manufacturers, distributors, and retailers experiencing demand volatility.

Founded

1993

Founded

Revenue

$16.9M

2021 Revenue

YOY

-----

YOY

Funding

$0

Funding

ToolsGroup Revenue

In 2021, ToolsGroup revenue run rate hit $16.9M in revenue.

  • 2021

    ToolsGroup hit $16.9M in revenue in 2021

  • 1993

    ToolsGroup launched in 1993 with $0 revenue

ToolsGroup Funding History


No funding has been reported for ToolsGroup yet.

Team

ToolsGroup has 211 total employees and 28 sales reps that carry a quota. an engineering team of 19 and a marketing team of 11.

DISTRIBUTION QTY
Total team size 211
Engineer 19 (9%)
Sales 28 (13%)
Marketing 11 (5%)

Founder / CEO

Joseph Shamir

Joseph Shamir is the CEO of ToolsGroup, which he co-founded with Eugenio Cornacchia in 1993. Joseph (Joe) commercialized SO99+, the industry’s first service-driven supply chain planning software tool based on advanced algorithms and probabilistic forecasting methods. Over the decades, Joe has directed major strategic and logistics projects in countless multinational companies. Before founding ToolsGroup, Joe held various senior management positions with ITP Group’s Automation division, including Director of Sales and COO. It was at this industrial automation and logistics group where Joe met co-founder Eugenio Cornacchia and delivered the first ''factory of the future'' systems for large manufacturers including Olivetti and Electrolux. These systems were to pave the way for today’s global Factory (or Industry) 4.0 movement. Joe’s supply chain career began at his family business in spare parts production and distribution after graduating from Tel Aviv University with a degree in solid-state physics. He later worked as an engineer for Swiss shipping company Norasia (now CSAV Norasia), responsible for optimizing container lines and logistics. Today Joe is one of the foremost industry experts in the area of service-driven supply chain planning and automation, with articles published in Supply Chain Quarterly, Supply Chain Brain and Forbes, among many others.

Q&A

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Customers

Churn

ToolsGroup Executives

Name Position Working Email Personal Email
Joseph Shamir CEO [email protected] -

ToolsGroup Employees

Name Position Working Email Personal Email
Joseph Shamir CEO [email protected] -

Frequently Asked Questions about ToolsGroup

  • When was ToolsGroup founded?

    ToolsGroup was founded in 1993.

  • How much revenue does ToolsGroup generate?

    ToolsGroup generates $16.9M in revenue.

  • Who is the CEO of ToolsGroup

    The CEO of ToolsGroup is Joseph Shamir.

  • How much funding does ToolsGroup have?

    ToolsGroup raised $0.

  • How many employees does ToolsGroup have?

    ToolsGroup has 211 employees.

  • Where is ToolsGroup headquarters?

    ToolsGroup is headquartered at Amsterdam, Nood-holland, Netherlands

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