# Joseph Shamir

> Joseph (Joe or Yossi) Shamir co-founded ToolsGroup with Eugenio Cornacchia in 1993 and led it as CEO until 2022. A Tel Aviv University solid-state physics graduate, he worked in spare parts, container logistics and industrial automation before commercializing probabilistic supply chain planning software. He subsequently continued in board and advisory work.

- **Role:** Founder and advisor at ToolsGroup
- **Organizations:** ToolsGroup, ITP Group, Norasia
- **Education:** Degree in solid-state physics, Tel Aviv University
- **Known for:** Co-founded ToolsGroup and led it for nearly 29 years., Commercialized Service Optimizer 99+ (SO99+), applying probabilistic forecasting to supply chain planning., Helped deliver industrial automation projects for Olivetti and Electrolux at ITP.

## Career timeline

- **—** — Studied solid-state physics at Tel Aviv University, then worked in the family spare-parts production and distribution business.
- **—** — Worked as an engineer at Swiss shipping company Norasia, optimizing container lines and logistics.
- **—** — Held sales director and COO roles in ITP Group’s Automation division and met Eugenio Cornacchia.
- **1993** — Co-founded ToolsGroup with Eugenio Cornacchia, serving as CEO.
- **2007** — ToolsGroup applied AI to forecasting at Granarolo, according to its anniversary history.
- **2014** — Described ToolsGroup as fully bootstrapped, with about 85 staff and revenue above €11 million.
- **2018** — ToolsGroup received growth equity investment from Accel-KKR.
- **2021** — ToolsGroup acquired Mi9 Retail’s Demand Management business, formerly JustEnough, and received further investment from Accel-KKR.
- **2022** — Retired as CEO; Inna Kuznetsova succeeded him. Continued as a board member and advisor to Accel-KKR.

## Achievements

- Co-founded ToolsGroup and led it for nearly 29 years.
- Commercialized Service Optimizer 99+ (SO99+), applying probabilistic forecasting to supply chain planning.
- Helped deliver industrial automation projects for Olivetti and Electrolux at ITP.
- Built ToolsGroup into an international supply chain software business before its 2018 growth investment.

## Latest updates

- **2025-08** — An Equilar biography sourced to ToolsGroup on August 28, 2025 identifies Shamir as founder and advisor and describes continued board and advisory involvement.
- **2022-06** — ToolsGroup publicly announced his retirement as CEO and the appointment of Inna Kuznetsova; he would remain a board member and advisor to investor Accel-KKR.

## Links

- LinkedIn: https://www.linkedin.com/in/joseph-shamir-95a2a4/

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Profile page: https://yespress.io/joseph-shamir
Published by YesPress — https://yespress.io
Last updated: 2026-10-21