Demand Driven Technologies (DD Tech), the company that pioneered Demand Driven Material Requirements Planning software solutions (DDMRP), announced today that it has raised $1.6 million in equity financing. Mosley Ventures led the investment round with participation from existing and new investors including Alerion Ventures, Meeting Street Capital, and Service Provider Capital. The investment will help the company aggressively expand its sales and marketing efforts as well as broaden and accelerate its product development. John Vecchio, a Partner with Mosley Ventures, and Mike Parham, an early investor in DD Tech and Managing Partner of Catalysta Partners, will join the company’s board of directors alongside its co-founder and CEO Erik Bush and co-founder Debra Smith, Partner of Constraints Management Group.
Founded in 2011, DD Tech has developed the most advanced and widely deployed Demand Driven MRP software platform compliant with the Demand Driven Institute specifications. The new financing comes on the heels of an exceptional 2017 for DD Tech, which saw a rapidly growing roster of clients, key executive appointments, and market leading momentum in the fast-growing demand driven supply chain market. The company appointed enterprise technology veteran David Burke as VP Sales & Marketing and supply chain planning expert Brad Mitchler to lead its channel partner programs. Ty Norton joined DD Tech in the summer of 2014 and serves as its Director of Software Engineering. DD Tech has a global install base with customers across 6 continents. It has increased its network of supply chain consulting partners to 17.
“DD Tech’s offering is well-timed with the rapidly increasing demand for inventory and service level optimization solutions that drive business results,” said John Vecchio of Mosley Ventures. “We believe that global manufacturers – from fast moving consumer goods companies to automotive and industrial products – will continue their efforts to transform their supply chains into areas of competitive advantage. Replenishment+® is a powerful solution to achieve digital transformation and we are excited to support Erik Bush and his team as they build the market leading company in an exciting category.”
DD Tech customers have experienced fast time-to-value from the software’s ability to readily integrate with existing ERP systems and to smoothly align inventory to true demand throughout the supply chain. Users typically achieve a 3-month payback period, 35% to 45% inventory level reductions and service levels improved to 97% or better.
“As the first and most widely deployed DDMRP solution, we’ve helped customers around the world in overcoming the limitations of existing enterprise software systems. It is incredibly rewarding to see the success that manufacturers and distributors have with our Replenishment+® and DBR+™ products,” said Erik Bush, CEO of DD Tech. “We are thrilled to have the highest caliber technology investors helping fuel our ability to bring transformational supply chain results to more companies in the U.S. and globally.
About Demand Driven Technologies
Demand Driven Technologies is the first and most widely deployed DDMRP compliant supply chain software solution. The company was formed in 2011 with the singular focus of enabling manufacturing and distribution clients to achieve breakthrough performance through the application of Demand Driven tactics and technologies. As the DDMRP market leader, it is the company’s vision to make enterprise-class Demand Driven Supply Chain planning easy and accessible to all. Over 60 enterprises across 6 continents rely on Demand Driven Tech as their trusted partner in continuous supply chain improvement and competitive advantage. For more information: www.demanddriventech.com
About Mosley Ventures
Mosley Ventures is a venture capital fund investing in early stage technology startups in Atlanta and the Southeast. Sig Mosley is the Managing Partner of Mosley Ventures. Since 1990, Mr. Mosley has been the most prolific southeast investor in 122 startups with 83 liquidity events. He is currently the record holder of the largest southeast venture deal with the $5.7 billion acquisition of Tradex by Ariba. For more information: http://www.mosleyventures.com/