Utrecht, the Netherlands (April 17, 2014)
Leading SaaS transportation management system provider named the winner in the Dutch Tech5
Utrecht, the Netherlands (April 17, 2014) – Eyefreight (eyefreight.com), a provider of SaaS transportation management system (TMS) technology, today announced it has been named the winner in the Dutch Tech5, part of the European Tech5 competition of the five fastest growing young technology companies in seven European countries.
The European Tech5 is an online competition in search of Europe’s fastest growing tech startups started in partnership by The Next Web (TNW) and global payments technology provider Adyen. The competition assessed more than a hundred companies across seven countries in Europe. The Tech5 lists include companies launched in 2009 or later and are ranked based on actual revenue, traffic and employee data and shows the growth rate between 2011 and 2013. The winners of each country of the Tech5 will present overviews of their companies during the TNW Conference Europe in Amsterdam on April 24-25, 2014.
“At Eyefreight, we pride ourselves on our visionary technology and rich heritage of growth through innovation,” said Ken Fleming, CEO of Eyefreight. “Eyefreight works closely with the technical University of Eindhoven in the Netherlands, whose faculty and students have helped develop some of our technology, and we have received support from the Dutch Ministry of Economic Affairs which has helped foster our company’s success. Eyefreight’s technology solves global and local shipping problems and creates efficiencies in every market around the world, but we’re especially proud to call the Netherlands home and be recognized among these other cutting-edge Dutch companies.”
Eyefreight has tripled in size since its founding. This success, coupled with a recent $11.8 million funding round, has enabled Eyefreight to continue to enhance the company’s SaaS product, a comprehensive transportation management system that provides visibility, optimization and collaboration in even the world’s most complex shipping markets to reduce cost of distribution by 10-30 percent for customers such as Campari, Heineken, Levi’s, Mango and Tata Steel. Eyefreight specializes in integrating with existing supply chain management platforms to maximize customer resource value and minimize disruption to the supply chain.
The Tech5 is a pan-European competition to identify the fastest growing tech companies in Europe with its finale at The Next Web Conference in Amsterdam where all country winners present their company and represent their country. Tech5 is an initiative of TNW and Adyen.
Eyefreight provides a command center for shippers, reducing net landed cost of goods while improving business margins. An accessible SaaS solution, Eyefreight deploys its transportation management system (TMS) and inventory visibility rapidly and integrates with existing transportation workflows to reduce total cost of distribution as much as 30 percent, while improving performance. Eyefreight offers the only transportation management system with inventory allocation algorithms and automated decision making, weighing variables and calculations much faster than competitors that rely on manual human analysis, calculations and scenario planning.
Founded in 2008 by industry veterans dedicated to transforming the logistics function into a true profit center for any organization, Eyefreight’s clientele spans multiple verticals worldwide. Headquartered in Utrecht, the Netherlands with U.S. headquarters in Evanston, Ill. Eyefreight is backed by De Hoge Dennen Capital and Global Cleantech Capital. Please visit www.Eyefreight.com for more information.