ToolsGroup, a global leader in retail and supply chain planning and optimization software, announced a partnership today with River Logic, Inc, a global innovator in advanced analytics for planning and decision support, offering both a platform for custom solutions as well as network optimization and production planning and scheduling applications. Combining River Logic’s advanced supply chain design and production capabilities with ToolsGroup’s award-winning demand planning, inventory optimization, and supply planning capabilities, customers can now benefit from a more comprehensive supply chain planning solution.

This strategic integration empowers organizations to leverage a unique modeling approach by providing visualization and scenario planning of the physical and financial value chain overlaid with a virtual representation of the actual flow of goods. This enables organizations to benefit from both longer-term strategic supply chain design variations and the resulting impact on inventory and service levels.

“As a customer of both ToolsGroup and River Logic, I am very excited by this news,” said Moid Alwy, Chief Supply Chain Officer at American Tire Distributors. “Coupling physical supply chain design decisions with the digital flow of goods moving through the supply chain is the holy grail of the industry.”

The ToolsGroup Service Optimizer 99+ (SO99+) supply chain planning solution empowers supply chain teams to make better decisions faster in times of supply and demand volatility. SO99+ provides end-to-end visibility through a digital supply chain twin that models goods and inventory movement. Equipped with probabilistic planning and advanced inventory optimization, the solution leverages powerful artificial intelligence and machine learning to better predict supply and demand requirements. This enables organizations to improve forecasts and reduce on-hand inventory while maximizing service levels.

“We are excited to partner with ToolsGroup to enable a more comprehensive supply chain planning solution that, in turn, will offer more value to enterprises looking to establish more resilient and profitable supply chains,” said Carlos Centurion, President of River Logic.

The foundation of River Logic’s technology is a Digital Planning Twin™, which helps companies easily, quickly, and thoroughly assess a truly end-to-end set of scenarios. This includes the full value chain as-well as product portfolio, sustainability targets, and the financial impact in terms of profitability, and the ability to finance the operation.

“The partnership with River Logic is a win-win for our joint customers, improving efficiency and providing powerful business benefits,” said ToolsGroup CEO, Inna Kuznetzova. “Closely linking supply planning with production planning will improve efficiency and performance for our customers. And connecting actual digital supply chain flows with the digital supply chain planning twin will give supply chain leaders the ability to act more quickly and make strategic decisions with more confidence.”

ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup visit www.toolsgroup.com.

Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced that Mitsubishi Heavy Industries, Ltd. (MHI) selected Box as its content management platform across the global enterprise.

MHI operates businesses in a wide range of fields including forms of energy and social infrastructure such as chemical plants, through advanced technology and engineering. It has been working to achieve carbon neutrality by building a next-generation ecosystem which responds to unpredictable changes and leverages MHI-owned technologies and historical expertise. MHI needed a solution to consolidate and securely share content with multiple locations, including those overseas, as well as with a wide variety of partners and experts.

As part of this effort to promote collaboration, MHI selected Box for its enterprise-grade security and compliance, as well as its high scalability. It is also looking forward to utilizing Box as a cooperative space for secure collaboration.

“In July 2022, the Mitsubishi Heavy Industries Group established the Digital Innovation Headquarters, aiming to realize a secure social infrastructure by implementing the vision of 'ΣsynX,' which intelligently connects product groups and digital technologies to meet the needs arising from rapid social changes,” said Mr. Yasunari Sasaki, Deputy Head of Digital Innovation Headquarters of MHI. “By adopting Box as the content management platform that supports ΣsynX, we will improve business processes while maintaining a high level of security, and at the same time, we will accelerate collaborative creation with external stakeholders, including customers and partner companies, to work toward the development of society.”

About Box

Box (NYSE:BOX) is the leading Content Cloud, a single platform that empowers organizations to manage the entire content lifecycle, work securely from anywhere, and integrate across best-of-breed apps. Founded in 2005, Box simplifies work for leading global organizations, including AstraZeneca, JLL, Morgan Stanley, and Nationwide. Box is headquartered in Redwood City, CA, with offices across the United States, Europe, and Asia. Visit box.com to learn more. And visit box.org to learn more about how Box empowers nonprofits to fulfill their missions.

The seller, American Engineers, Inc. (AEI), is an engineering firm comprised of several offices. Their focus is primarily on transportation, industrial, utility, and municipality space. With decades of experience across multiple markets and geographies, they have risen to the top of their respective field. Their motto “Designing Your Future”, paired with investments in innovative technology and the most proficient people, allow them to continually deliver excellence.

The buyer, STV Group, Inc. (a portfolio company of The Pritzker Organization, LLC.) is a professional services firm that offers designing, planning, and management of infrastructure projects across North America. The high caliber services they provide their clients allow them to maintain a position at the forefront of their field. STV has 55 offices spanning the continent, with headquarters in New York City.

“This acquisition will increase STV’s already expansive footprint and bring additional resources to the areas that American Engineers is currently servicing. This is an exciting opportunity for both companies as they are now poised to provide even more exceptional services that keep North America’s infrastructure strong. It was a true pleasure to be involved in this transaction with a great result for all.” – Director Matthew Kekelis, Benchmark International.

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $10 billion in transaction value across various industries from offices across the world.

With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.

In May 2023, following the CIC Boston branch in US, Sanyou opens new offices in The Shard London and CIC Rotterdam respectively, to rapidly promote the globalization of business landscape.

Headquartered in Shanghai China, Sanyou Biopharmaceuticals Co., Ltd. is a world-leading national high-tech biotechnology enterprise focusing on R&D and services of innovative biological drugs. The company is committed to solving the unresolved core challenges in the R&D and industrialization of innovative biological drugs, and realizing the mission of "to make it easy to discover innovative biological drugs anywhere". At present, Sanyou has established a world-leading core technology platform for integrated R&D and preclinical development of innovative biological drugs, and possesses a world-class "super-trillion innovative-drug lead molecule library". Relying on "super-trillion, integration, and intelligence", the three industry-leading major innovative drug R&D technology platforms, Sanyou is very competitive to provide one-stop service in preclinical integrated R&D process.

By the end of 2022, Sanyou had established a team of nearly 300 innovative biopharmaceutical R&D experts and built an innovative drug R&D laboratory with an area of more than 20,000 square meters at the international leading level. The company have penetrated in the market through its "4C" business service (differentiated CRO, integrated CDO, collaborative CPO, and characteristic CRS). Sanyou has established business partnerships with more than 600 pharmaceutical companies, drug R&D institutions, and diagnostic reagent and product development companies worldwide. Its business network covers China, US, Europe, and other areas in the world.

The Shard is one of London's famous landmarks. It is located in the heart of urban transport system and is a gathering place for London's businesses with world-class office facilities. Sanyou will take advantage of The Shard's excellent connectivity to maintain close contact with overseas customers and deliver its high-quality services to clients.

The Dutch CIC is a branch of the Cambridge Innovation Center (CIC) in the Netherlands, which is located in Rotterdam, the second largest city in the Netherlands. Rotterdam is an important port connecting Europe, America, Asia, Africa, and Australia, known as the "Gateway to Europe". The settlement in CIC Rotterdam will help Sanyou to further utilize the local and nearby resources to provide more convenient and high-quality biopharmaceutical-related services for oversea customers.

With an international product and marketing team of dozens of experts, a global business network layout, a strong new drug R&D platform, and a complete business service system, Sanyou will maximize the role of the marketing networks in China, the US, and Europe, and continue to promote the breakthrough development of global business landscape and move forward to become an innovative drug R&D service provider with global influence!