CalcuQuote Company Profile

Background

Overview

CalcuQuote, established in 2014, is a leading provider of software solutions designed to optimize supply chain operations within the electronics manufacturing industry. The company offers a comprehensive platform that enhances sourcing, purchasing, quoting, and supplier collaboration processes, serving as a strategic partner to Electronics Manufacturing Services (EMS) companies, Original Equipment Manufacturers (OEMs), and component suppliers. By integrating real-time supply data and seamless API connections, CalcuQuote significantly improves the speed, accuracy, and efficiency of supply chain activities.

Mission and Vision

CalcuQuote's mission is to create a more connected electronics supply chain by applying process and technology expertise to sustainably solve complex problems. The company envisions becoming an indispensable system for the future of the electronics industry, driving innovation and efficiency across global supply chains.

Industry Significance

Operating within the electronics manufacturing sector, CalcuQuote addresses critical challenges such as component sourcing, procurement inefficiencies, and quoting inaccuracies. By providing AI-enhanced tools and real-time data integration, the company plays a pivotal role in transforming traditional supply chain methodologies, thereby enhancing operational performance and decision-making capabilities for its clients.

Key Strategic Focus

Core Objectives

• Supply Chain Optimization: Streamline sourcing, purchasing, and quoting processes to enhance operational efficiency.

• AI Integration: Leverage artificial intelligence to provide actionable insights and predictive analytics for better decision-making.

• Global Expansion: Extend services to a broader international clientele, reinforcing CalcuQuote's presence in the global market.

Areas of Specialization

• Quoting Management: Automate and optimize the quoting process to reduce turnaround times and improve accuracy.

• Supplier Collaboration: Facilitate seamless communication and collaboration between manufacturers and suppliers.

• Supply Chain Visibility: Provide real-time insights into supply chain health and component availability.

Key Technologies Utilized

• Artificial Intelligence: Implement AI algorithms for predictive analytics and decision support.

• API Integrations: Ensure seamless connectivity with various enterprise systems, including ERP, PLM, and MES.

• Cloud Computing: Utilize cloud-based platforms for scalability and real-time data access.

Primary Markets Targeted

• EMS Companies: Enhance operational efficiency and competitiveness in the electronics manufacturing sector.

• OEMs: Optimize supply chain processes to meet production demands and market dynamics.

• Component Suppliers: Improve collaboration and data sharing to streamline the supply chain.

Financials and Funding

Funding History

CalcuQuote has experienced steady growth since its inception, with significant investments aimed at expanding its technological capabilities and global reach. In October 2020, Elisa, a Finnish telecommunications and digital services company, acquired a majority stake in CalcuQuote for $5.97 million, integrating it into the Elisa Industriq group.

Recent Funding Rounds

The acquisition by Elisa in 2020 provided CalcuQuote with the necessary capital to enhance its product offerings and expand its market presence. Specific details regarding subsequent funding rounds are not publicly disclosed.

Notable Investors

• Elisa Corporation: A pioneer in telecommunications and digital services headquartered in Finland, Elisa acquired a majority stake in CalcuQuote, facilitating its integration into the Elisa Industriq group.

Utilization of Capital

The capital infusion has been utilized to:

• Product Development: Enhance existing solutions and develop new features to meet evolving market demands.

• Market Expansion: Increase global outreach and establish a stronger presence in international markets.

• Operational Scaling: Invest in infrastructure and human resources to support a growing customer base.

Pipeline Development

Key Pipeline Candidates

CalcuQuote continually develops and refines its suite of software solutions to address emerging challenges in the electronics supply chain. While specific details about upcoming products are proprietary, the company focuses on:

• Advanced Quoting Tools: Enhancing automation and accuracy in the quoting process.

• Supplier Collaboration Platforms: Facilitating more effective communication and data sharing between manufacturers and suppliers.

• Supply Chain Analytics: Providing deeper insights into supply chain performance and risk management.

Stages of Development

CalcuQuote's products are typically in various stages of development, from conceptualization to deployment, ensuring they meet the specific needs of their target markets.

Target Conditions

The company's solutions are designed to address challenges such as:

• Supply Chain Inefficiencies: Streamlining processes to reduce lead times and costs.

• Data Silos: Integrating disparate systems for unified data access and analysis.

• Supplier Coordination: Improving collaboration to enhance supply chain resilience.

Anticipated Milestones

CalcuQuote aims to achieve:

• Product Launches: Introducing new features and tools to the market.

• Market Penetration: Expanding customer base in existing and new regions.

• Operational Excellence: Enhancing internal processes to support growth and customer satisfaction.

Technological Platform and Innovation

Proprietary Technologies

• QuoteCQ: An end-to-end quote management system that improves the speed, accuracy, and efficiency of the RFQ process.

• ShopCQ: A smart sourcing and purchasing tool that streamlines procurement processes.

• PortCQ: An online RFQ portal that enables customers to receive quotes and BOM health reports instantly.

• Material Supply Planner (MSP): An intelligent supply planning tool that optimizes purchasing to keep production fed and reduce excess inventory.

• BOM Health: A component risk management tool that provides real-time insights into component availability and risks.

• WatchCQ: A supply chain monitoring and alerting system that notifies users of critical supply chain events.

• StockCQ: A marketplace for excess electronic component inventory, facilitating trade between manufacturers and suppliers.

Significant Scientific Methods

• AI-Powered Analytics: Utilizing machine learning algorithms to predict supply chain disruptions and optimize procurement strategies.

• Data Integration: Seamlessly connecting with ERP, PLM, and MES systems to provide a unified view of supply chain data.

Leadership Team

David Sharp: Chief Executive Officer

• Over 20 years in EMS, from assembly to software strategy. Joined CalcuQuote in 2019 and became CEO in 2024.

• Led innovation and industry advancement, steering the company through significant growth and integration into Elisa Industriq.

Kaitlyn Tredaway: Chief Operating Officer

• Over 8 years in EMS business, overseeing business operations, customer success, and partnerships.

• Furthered the mission of reinventing the supply chain through comprehensive software solutions.

Kurt Gehring: Vice President of Product

• Nearly two decades in developing innovative digital solutions in the component distribution space.

• Built high-performance teams and drove digital adoption, leading the product team to new heights.

Ying Xiong: Marketing Director

• Over a decade of international engagement in both innovative startups and leading tech enterprises.

• Demonstrated success in brand evolution, demand generation, sales enablement, and expanding market footprints.

Competitor Profile

Market Insights and Dynamics

The electronics supply chain management market is experiencing significant growth, driven by the increasing complexity of global supply chains and the need for real-time data integration. Companies are seeking solutions that offer enhanced visibility, efficiency, and predictive capabilities to navigate market volatility.

Competitor Analysis

• Supplyframe: Founded in 2003, Supplyframe offers a platform that connects engineers and designers with suppliers, providing real-time data and analytics.

• aPriori Technologies: Established in 2003, aPriori provides product cost management software, focusing on cost and design optimization for manufacturing.