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.
In 2022, ToolsGroup revenue run rate hit $16.9M in revenue.
ToolsGroup hit $16.9M in revenue in 2021
ToolsGroup launched in 1993 with $0 revenue
ToolsGroup Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
ToolsGroup has 211 total employees and 28 sales reps that carry a quota.
Total team size
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.