Industri-Matematik Faces Uphill Climb
Steve McVey - October 1, 1999

Vendor Genesis

Founded in 1967, Swedish supply chain execution (SCE) software vendor Industri-Matematik began as a custom software development and consulting services organization. The company developed and delivered its first distribution logistics software in 1974, its first UNIX-based version in 1984 and its first Oracle-based client/server version in 1991. In 1993, the company introduced System ESS, which was designed to meet the needs of multinational manufacturers, distributors and wholesalers. Venture capital firm, E. M. Warburg Pincus purchased IMI in 1991 and took the company public in the U.S. in September 1996...