MOUNTAIN VIEW, Calif., April 28, 2014 /PRNewswire/ -- Enterprise startup Elementum today announced it has been selected by Gartner, Inc. as one of the "Cool Vendors" in a report on supply chain services . Among the report's key findings is that "an integrated cloud-based platform and services that support front-office and back-office processes across the extended value chain are important for delivering the right service to the right customer at the right time." Elementum offers one such platform, leveraging cloud computing, Big Data and analytics to extend supply chain collaboration beyond the four walls of the enterprise.
"It's time product companies took advantage of Big Data and mobile adoption to increase the visibility, collaboration and responsiveness of their multi-enterprise supply chains," said Nader Mikhail, founder & CEO of Elementum. "We believe being recognized as a Gartner Cool Vendor further validates Elementum's vision of building the world's first supply chain graph. We'd also like to congratulate the other vendors recognized in this report—the inertia that surrounds legacy SCM processes and systems will take effort from multiple directions to overcome, and we're happy to see other innovators working to bring supply chain into the modern era."
Elementum has created a worldwide supply chain graph that is secure, flexible and easy to integrate—all accessible from a configurable suite of mobile apps. Built in the cloud from the ground up, the company's platform provides increased visibility and control over actionable information, without the costs associated with legacy IT solutions.
Elementum exited stealth mode this February with over $60 million in seed funding and recently announced the addition of six new investors – Aaron Levie (co-founder and CEO, Box), Dave Duffield (co-founder and co-CEO, Workday), Jerry Yang (co-founder, Yahoo!), Jim Davidson (co-founder, Silver Lake Partners), David Mark (managing director, Boston Consulting Group), and Mike Frandsen (VP of products, Workday) – who join other investors including Lightspeed Venture Partners and global supply chain leader Flextronics.
To view a summary or purchase a copy of the Cool Vendors in Supply Chain Services, 2014 please visit this link.
Elementum makes supply chain simple. By bringing together the latest in big data, cloud, and mobile technologies, Elementum delivers accurate and real-time supply chain information, optimized for today's mobile workforce. Elementum is building the world's first multi-enterprise supply chain graph, eliminating millions of dollars in license and service costs that OEMs must spend to integrate all of their supply chain partners. Elementum's customers span the automotive, healthcare, industrial, and technology sectors. For more information, visit www.elementum.com
About Gartner's Cool Vendors Selection Process
This research does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
This year's Cool Vendors report highlights the use of cloud as an enabler or delivery mechanism for capabilities that help enterprises to better manage their supply chains. The vendors described in this research provide capabilities in one or more core supply chain process areas — that is, plan, source, make, deliver and service. In addition, all of them deliver solution capabilities via a service model, ranging from SaaS to business process outsourcing (BPO) business process as a service (BPaaS), and from transactional processing to advanced analytics.
 Gartner "Cool Vendors in Supply Chain Services, 2014" by Michael Dominy, Simon F Jacobson, Amber Salley, William McNeill, 22 April 2014