See how Optym has evolved from an aspiring local startup to a global leader in providing decision automation and optimization solutions.
2000 - Our company is founded as Innovative Scheduling by Dr. Ravindra K. Ahuja, a world-renowned researcher and academician; former professor at the Sloan School of Management, Massachusetts Institute of Technology, Cambridge; and current professor at the University of Florida, Gainesville. The company receives its first project from CSX Transportation and is tasked with optimizing its locomotive planning function.
Entry into Aviation
2000 - We receive our first airline project when United Airlines hires us to integrate its two models - fleet assignment model (FAM) and through assignment model (TAM) – into a single integrated model. The algorithms we developed demonstrated an annual savings of $25 million to $50 million, and the results of this research are published in several prestigious academic journals.
Our First Workforce
2004 - We obtain our first Small Business Innovation Research (SBIR) grant from the National Science Foundation (NSF) to build a decision support system for railroad blocking problems. We also hire our first set of full-time employees, including Krishna C. Jha, Wei Huang, and Arvind Kumar – all of whom completed their Ph.Ds. at the University of Florida under Dr. Ahuja’s guidance.
More Grants from NSF
2005 - We receive our second SBIR grant from the NSF to build a decision support system for train scheduling. BNSF Railway, the second largest freight railroad in the world, provides a matching grant. These two grants, plus the licensing revenues from the product funded by the first NSF grant, provide continued funding for the research and development of innovative technologies for railroads.
Armenia Office Opens
2007 - We open our office in Yerevan, Armenia to focus on the research and development of innovative IT techniques. This allows us to package optimization and simulation engines into desktop and web-based, map-based applications. The Armenia office continues to grow over time and now has about 80 top-quality developers well versed in the latest technologies in databases, application and UI development.
2010 - We begin developing software solutions that embed optimization within simulation systems, which we name as simulation-guided optimization. We develop such solutions for modeling CSX Transportation’s largest intermodal yard and several hump yards, modeling distribution centers for Walmart, and modeling a rail network for BHP Billiton, the largest mining company in the world.
Entry into Trucking Industry
2011 - We start doing research for solving the linehaul (or long haul) planning problems for less-than-truckload (LTL) carriers, which are considered to be some of the most difficult optimization problems. We eventually crack these difficult decision problems and show that optimization can reduce linehaul costs by 3% - 6%. Several top LTL carriers show serious interest and license our software product, HaulPLAN.
Data Visualization and Analytics
2012 - We engage in partnerships with Canadian Pacific Railway and CSX Transportation to develop enterprise-wide data visualization, data analytics and business intelligence applications. These applications are the first of their kind in the railroad industry and are greatly appreciated by users. We also develop our IT framework and processes for developing these applications in a rapid development mode.
Entry into Mining Industry
2012 - We begin the development of simulation and optimization solutions for BHP Billiton, the world’s largest mining company. We first develop a solution to simulate the movement of trains in the rail network connecting mines to ports, and we then develop a real-time train scheduling system. These engagements give us a deep understanding of challenges faced by mining companies as they automate and optimize their operations.
India Office Opens
2013 - We start our development center in Bangalore, the Silicon Valley of India, to benefit from the large talent pool of resources in optimization, machine learning, data analytics, big data and software architecture. We grow quickly in India and we now have a team of 50 talented professionals. This location also gives us a regional base to accommodate our growing list of global customers.
A New Identity
2014 - We changed our name to Optym to better reflect our expanding range of work, both in the products and services that we offer and the industries we serve. Optym, which is derived from the word optimization, truly reflects the essence of what we do. The name change is part of a broader rebranding effort that also includes a new logo as well as the new tagline, “Live Efficiently.”
2016 - The Optym team consists of over 200 highly qualified professionals offering technology solutions for transportation and logistics companies worldwide. We license our current suite of decision support systems, build custom software applications for clients, develop new systems by funding our own internal research, and provide technology-enabled consulting services using our software solutions.