Easy Metrics
Overview
Easy Metrics is a cloud-based business intelligence application that provides analytics on labor and operational efficiency. Founded in 2011 and based in Bellevue, Washington, the company is led by co-founders Dean Dorcas and Dan Keto, both alumni of the U.S. Naval Academy and Harvard Business School. Easy Metrics has raised a total of $36.7 million over multiple funding rounds, with its most recent funding being a $31 million investment from Nexa Equity in 2024.
Recent Developments
- September 2024: Easy Metrics announced the acquisition of TZA, a leading provider of labor management systems. This strategic move aims to provide enhanced solutions for operational efficiency and labor productivity across over 550 facilities. Both companies promise advanced tools for customer profitability management and AI-driven features, set to be released by 2025.
- April 2024: The company secured $31 million in investment from Nexa Equity, a private equity firm based in San Francisco. This funding is intended to bolster Easy Metrics’ labor analytics platform amidst rising demand for efficient warehouse and labor management solutions.
- December 2023: Easy Metrics was recognized as a sample vendor for warehouse labor forecasting in Gartner’s Hype Cycle for Supply Chain Execution Technologies. This accolade highlights the company's advancements in emerging technologies within the logistics and fulfillment processes.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2011 |
| Headquarters | Bellevue, Washington, USA |
| Founders | Dean Dorcas, Dan Keto |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Nexa Equity |
| Industry | Business Intelligence, Labor Analytics |
| Number of Employees | 138 |
Early History
Easy Metrics was established by Dean Dorcas and Dan Keto, who previously founded Integrated Management Systems. The company emerged in response to the growing need for detailed labor and performance analytics in warehouses and manufacturing facilities. In its initial years, Easy Metrics focused on aggregating data from various sources like warehouse management systems and ERP systems to improve operational efficiency. The company's innovative approach quickly attracted investment from venture firms like SJF Ventures and Fortson Venture Capital.
Company Profile and Achievements
Easy Metrics operates as a cloud-based platform that helps businesses understand and optimize their labor costs and operational efficiency. The company aggregates data from multiple input points like time clocks and RFID systems to generate comprehensive cost and performance insights. Major achievements include:
- 2013: Secured initial funding and began to expand its technology platform.
- 2016-2018: Participated in various logistic management summits and gained recognition among industry peers.
- 2023: Named in Gartner’s Hype Cycle for emerging technologies in the supply chain sector.
- 2024: Acquired TZA to enhance its market presence and technological capabilities.
Current Operations and Market Position
Currently, Easy Metrics serves more than 250 facilities, providing solutions that drive operational speed, cut waste, and enhance investment strategies in labor management. The company leverages its expertise to influence operational decisions through advanced tools like forecasting and benchmarking. Easy Metrics holds a competitive advantage by integrating these sophisticated analytics into everyday business operations, aiming to expand its market influence through strategic partnerships and continuous innovation.
Conclusion
Easy Metrics has established itself as a pivotal player in the business intelligence and labor analytics field, particularly within the supply chain and warehouse management sectors. The company's innovative approaches and strategic acquisitions position it well for future growth. With substantial recent investments and the acquisition of TZA, Easy Metrics is poised for further expansion and influence, reflecting its commitment to driving operational efficiency and profitability across its client base.