Yearly Archives: 2023

Got more data than any human can possibly absorb and lots of decisions to make in a short amount of time? Complexica can help. The Adelaide-based firm develops and implements software applications used by large firms to digitalise and optimise their sales, marketing, and supply chain activities – a couple of simple examples include helping Flinders Ports – also a shareholder – decide where to stack their containers, or suggesting sales offers to reps from Liquorland. Other customers include Pfizer, global wine giant Pernod Ricard, Metcash and Endeavour Group. Acorn Capital recently invested $6.5m in Complexica, bringing its total funds raised to more than $31m since 2021, and at about the same time it acquired ports-focused software vendor Wave Systems in an all-cash deal.

To read the full story, click here

Complexica Pty Ltd, a leading provider of Artificial Intelligence software for optimising sales, marketing, and supply chain activities, announced today that clients and funds managed by Acorn Capital have invested $6.5 million into the company, bringing the total investment by outside investors to more than $31 million since 2021. Acorn will join Complexica’s shareholder register alongside other well-known institutional funds, including Perennial Partners, Microequities Asset Management (ASX: MAM), and MA Financial (ASX: MAF), as well as strategic investor and existing Complexica customer Flinders Ports Holdings, which owns and operates nine ports in South Australia, including South Australia’s largest container port.

“We’ve been engaged with Complexica for almost a year now. In that time we’ve been able to get to know Matt and the team well and have been impressed with Complexica’s vision and its ability to win significant enterprise customers”, said Matt Sheehan, Investment Director at Acorn Capital. “We’re excited to be part of Complexica and look forward to assisting Matt and the team realise the full potential of the Company.”

Acorn Capital was established in 1998 as a specialist investment manager in emerging Australian companies, and distinguishes itself through its relatively large research and investment team with expertise across all industries as well as its provision of expansion capital to developing companies. Through its various strategies, Acorn Capital provides Investors with efficient off-index exposure to both public and private emerging companies. The investment approach utilised at Acorn Capital seeks to identify the best emerging companies within an industry. These companies are the next generation of Australian corporate successes, typically associated with high levels of productivity and innovation, as well as providing new employment opportunities for Australians. For more information on Acorn Capital, please visit: www.acorncapital.com.au

“We are very happy to announce the addition of Acorn Capital to Complexica’s shareholder base, with whom we’ve developed a great working relationship during the past year,” said Matt Michalewicz, CEO of Complexica. “Acorn’s $6.5 million investment will be used for expansion and M&A purposes, with some exciting announcements already in the works. As predicted, 2023 is turning out to be a monumental year for the business, putting us in a fantastic position for growth and expansion this year and beyond.”

Complexica is a leading provider of Artificial Intelligence software applications that are used by enterprise customers to digitalise and optimise their sales, marketing, and supply chain activities. The company was founded upon the research of several world-renown computer scientists, and has commercialised a modularised software platform called Decision Cloud® that empowers staff across multiple business functions to make better decisions. Decision Cloud® is powered by Complexica’s Artificial Intelligence engine Larry, the Digital Analyst®, which won the Australian Innovation of Year award. Major customers include Endeavour, Arnott’s Group, Metcash, DuluxGroup, Pernod Ricard, PFD Foods, Asahi & Flinders Ports among others.

To read the full story in the Australian, please click here

Complexica Pty Ltd, a leading provider of Artificial Intelligence software for optimising sales, marketing, and supply chain activities, announced today that the company’s CEO Matt Michalewicz will provide a keynote on the topic of “Optimising Supply Chains through Artificial Intelligence and Digital Transformation” at the 2023 Australian Supply Chain Summit, held on the 6th of June in Sydney. Matt Michalewicz will also moderate a panel around establishing customer-centric demand forecasting & supply planning strategies, where discussion topics will include forecasting around chaos & uncertainty, effective S&OP strategies to balance demand and supply, and introducing strong planning systems & processes for continuous improvement. 

The summit will focus on addressing current supply chain obstacles, designing effective supply chain management strategies, focusing on effective demand forecasting & supply planning, and discussing new trends in the world of supply chain & logistics. Other invited speakers include:

• Shauna Brennan, General Manager Supply Chain at Ramsay Health Care
• Ben Sheenan, General Manager Operations at Fisher & Paykel Appliances
• Andres Ballon, Head of Network Design – Supply Chain at Woolworths Group
• Carlee McGowan, Supply Chain Director at Pernod Ricard Winemakers
• Moataz Ahmad, Integrated Supply Chain Director ANZ at Kimberly-Clark
• Cecilia Crosby, Head of Supply Chain at Qantas

The summit will attract decision-makers in supply chain management, supply and demand planning, inventory and warehouse management, transportation & logistics, and shipping & freight. The live in-person conference will be held at Doltone House Hyde Park, Sydney. 

For more information on the summit and to register, please click here

Learn more about Complexica’s Supply & Demand Planning capability here

Nearly three decades ago, when now ubiquitous accounting software Excel was launched, there were grave fears it would destroy jobs and wipe out the livelihoods of tens of thousands of bookkeepers whose trade it would replace. In a situation analogous to the one we now face with the recent launch of OpenAI’s ChatGPT (chat generative pre-trained transformer) and various other artificial intelligence and machine-learning-based technologies, Excel was set to automate a whole cohort of jobs out of existence. And it did. But what happened next, and what tends to happen each time a wave of automation and efficiency sweeps through an industry, or indeed the economy, should be the lesson we take away, inspiring us to lean into this new technological revolution, experts say.

Complexica managing director Matthew Michalewicz said engines such as ChatGPT were a natural evolution of the search function. Three decades ago, he said, digging out complex information likely involved heading to your university library and trawling through the stacks until you found what you needed – a process taking many hours, if not a day or two. Search engines, most notably Google, up-ended this paradigm, and ChatGPT is the next step in this process.

Complexica in the past 18 months has raised $25m from investors including Perennial Partners and Microequities Asset Management, with the money being committed to rapidly growing the business.

“With Google there’s this massive acceleration of our ability to access knowledge, and when you look at what OpenAI has done it’s kind of the next level of that,’’ Mr Michalewicz said. “The next level up from what Google provides – a series of links – is conversational answers which are much more in-depth and contextual’, such as those that ChatGPT now offers.”

To read the full story, click here