NETSTOCK Acquires Demand Works to Facilitate Expansion and Broaden Sales and Operations Planning Solution
Combined Company Delivers Advanced Inventory Optimization & Sales and Operations Planning Solutions to 21,000+ Customers Globally
NETSTOCK, a leading provider of inventory planning and optimization software for small and mid-sized enterprises, announced the acquisition of Demand Works, a leading provider of sales and operations planning solutions for mid-sized manufacturers and distributors.
Through this acquisition, NETSTOCK will leverage Demand Works capabilities to broaden its solution for smaller businesses while leveraging its global sales and delivery capabilities to expand Demand Works’ coverage in Western Europe, Australia, and other regions. The combination of the two organizations and solutions will speed the growth of both companies and will enable the provision of right-sized solutions for manufacturers and distributors of all sizes.
The acquisition of Demand Works marks NETSTOCK’s second acquisition since Strattam Capital’s majority growth investment in 2020. In 2021, NETSTOCK acquired NETSTOCK Europe to accelerate growth in Europe, while continuing to invest in the application.
NETSTOCK helps its global customers manage over $20 billion of inventory and plan 100 million items per month through their Software-as-a-Service platform. The risk-based inventory planning and demand forecasting solution is swift to implement and easy to master, helping inventory planners focus on key items that matter. NETSTOCK integrates with over 40 different ERPs, including Sage, NetSuite, Microsoft Dynamics, SAP B1, Syspro, and Acumatica.
Demand Works provides flexible, scalable, cloud-centric sales and operations planning solutions for mid-sized and larger manufacturers and distributors. The Demand Works expert forecasting leverages machine learning and other advanced techniques, and they offer a highly differentiated finite capacity planning solution for manufacturers. The Demand Works Cloud Smoothie® solution for forecasting, demand, inventory and finite capacity planning is used by 3,300 planners representing some of the world’s best known global brands.
“With the volatility and consequential complexities of managing supply chains today, we are delighted to welcome Demand Works into NETSTOCK Group”, said Tony Sinton, CEO, NETSTOCK. “As a result, we’re able to offer customers a truly world-class supply chain planning solution.“
Tony continued, “NETSTOCK believes that every business no matter its size deserves access to the right tools to succeed. Demand Works brings its expertise in advanced inventory planning, both granular and macro forecasting, as well as its inventory and finite capacity planning capabilities. Demand Works has comprehensive sales and operations planning capabilities which will be of particular interest to a number of our customers.”
“Demand Works and NETSTOCK both have excellent reputations for providing solutions that help businesses manage with efficiency and agility in increasingly challenging supply chains”, said Bill Tonetti, President, Demand Works. “The combined company will have the strength and global presence to accelerate growth and innovation.”