As Logistics Manager was going to press, supply chain technology solutions provider RedPrairie Corporation had reached a definitive agreement to be bought by Francisco Partners, one of the world’s largest technology-focused private equity funds. The move will enable RedPrairie to accelerate its already rapid growth rate while enhancing its strong focus on customer results.
RedPrairie company leader John Jazwiec says: “The combination of our technology investments, acquisitions and rapid growth has significantly increased shareholder value and has brought us to an inflection point in our development that requires enhanced funding options. This acquisition will expand our opportunities to better leverage RedPrairie’s leadership position for accelerated growth, both organically and through further acquisitions.”
Jazwiec says it will enable RedPrairie to quickly respond to investment opportunities, customer requirements and market forces, “as we did to establish RedPrairie’s early leadership positions in workforce performance management, RFID and mobile resource management solutions”.