Entrepreneurship
Princeton Transportation Consulting Group (PTCG), Inc. |
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PTCG was founded in Princeton, NJ, in 1987 and moved to
Burlington, MA in 1990. It was a software company developing
optimization-based decision support systems for the motor
carrier industry. Its main products for routing and scheduling
are still used by most leading trucking companies in the US. The
company also developed many other systems for motor carriers for
yield management, fuel optimization, bid response, and more. The
company later developed decision support systems for shipper
logistics, including transportation bidding optimization
software.
In 1993 Yossi bought the company from the original partners
and brought Tom Sanderson (now president of Transplace Inc.) to be
the President and CEO. In 1996 PTCG was sold to The Sabre Group,
which is majority-owned by AMR
Inc., the parent company of American Airlines.
LogiCorp Inc. |
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LogiCorp was a third party logistics company. It was founded
as a subsidiary of the Rockwell International by Yossi and Lorne
Dranell in 1988 and was bought from Rockwell by Yossi and his
partners in 1991.
LogiCorp was one of the first non-asset-based third parties
in the United States. It developed innovative carrier bidding
strategies and offered an array of logistics consulting
services. LogiCorp pioneered the integrated
bid-award-payment-analysis process.
LogiCorp's leading clients included Mack Trucks, Ford New
Holland, Volvo Trucks, United Technologies, Bush Industries,
Tecumseh Industries, Simpson Industries, Lucas Industry, and
many other companies, mostly in the automotive industry.
LogiCorp was sold to Ryder systems in April 1994. The company
continued to grow under Ryder's management. Ryder's CEO, Tony
Burnes, identified the acquisition of LogiCorp as Ryder's most
successful acquisition.
Syncra Systems Inc. |
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Syncra was a team of industry experts in the fields of
logistics, supply chain management, systems integration and
software development. Its mission was to help trading partners
collaborate effectively along the supply chain. Its first
product, Syncra Ct, was an implementation of the VICS guidelines
for collaborative planning, forecasting, and replenishment (CPFR).
Syncra was founded in late 1997. The first round of funding
was provided by Internet Capital Group and TL Ventures in spring
1998. A second round of funding of $14 million led by Zero Stage Capital was
completed in March 1999. Yossi co-founded Syncra and served as
chairman of the board until 2002.
In 2005 the company was acquired by Retek Inc., which was
acquired that year in turn by Oracle Inc.
e-Chemicals Inc. |
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e-Chemicals was an e-commerce distributor of
industrial chemicals over the Internet. e-Chemicals'
business model relied exclusively on the capabilities of several
partners. These included IBM for the technology, Yellow Freight
for the logistics, and Sun Trust Bank for financial
transactions. In addition, the company outsourced all of its
staff functions.
e-Chemicals started operations in the summer of 1998.
In April 1999, e-Chemicals completed a second round of
funding with the Internet Capital Group. In December 2000, e-Chemicals
was acquired by Aspen
Technologies, Inc. of Cambridge, Massachusetts.
Logistics.com |
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Logistics.com was a transportation, logistics and supply chain management optimization software provider founded in January 2000 with $30 million from Internet Capital Group and the acquisition of the logistics assets of The Sabre Group.
In summer 2000, Logistics.com acquired QuoteShip.com. The
company provided software for buying, selling and managing
transportation services online. It offered three main services:
a full on-line transportation management system (TMS)
capability; a full range of multimodal transportation
procurement services; and a suite of products which allows
carriers to optimize their operations.
In 2003 the company was acquired by Manhattan Associates Inc.
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