RedPrairie acquires SofTechnics
RedPrairie, a productivity solutions provider, announced today that it has finalized the acquisition of SofTechnics, a leading provider of integrated retail enterprise solutions that has been serving customers for more than 20 years. The acquisition merges the strengths of two highly complementary organizations, and provides a logical extension to RedPrairie’s E²e productivity suite. SofTechnics’ software portfolio adds mobility-enabled store inventory and price management, intelligent store ordering, direct-store delivery and master data management to RedPrairie’s solution set.
Serving 24 of the top 75 supermarket chains in the U.S., SofTechnics is recognized as a leading provider of mobile price and inventory management solutions for grocery and general retailers. The acquisition strengthens RedPrairie’s retail platform with proven functionality that will benefit customers with reduced operating costs from advanced store inventory and labor management planning.
“The continued functional expansion and enhancement of our retail platform allows us to provide customers with a broader and more flexible array of solutions for the challenges they face every day,” said Mike Mayoras, RedPrairie’s CEO.
Guy Dille, former president of SofTechnics and now senior vice president, retail for RedPrairie, added, “Our company is proud of its successful history in retail. Joining RedPrairie allows us to draw from an even wider pool of resources to continue providing our customers with the tools for success and quality of service they have come to expect from us.”
“The SofTechnics suite of fully-integrated software solutions has helped many leading retailers manage inventory, reduce operating costs, improve business operations and dramatically increase productivity. Their experience in the retail vertical will provide a new wealth of knowledge to RedPrairie’s already-successful operations within this space,” Mayoras continued.
RedPrairie finalizes SofTechnics acquisition
Supply chain software provider RedPrairie said it has finalized its acquisition of SofTechnics, a provider of retail enterprise services.