Subscribe to our free, weekly email newsletter!


RedPrairie to be acquired

By Modern Materials Handling Staff
March 01, 2010

Last December, RedPrairie (http://www.redprairie.com), a supplier of supply chain execution software and No. 5 on Modern 's 2009 Top 20 supply chain management software providers, filed a registration statement with the SEC for a proposed IPO.

That appears to be off the table after RedPrairie recently announced that it had entered into a definitive agreement to be acquired by an investment fund affiliated with New Mountain Capital LLC, a New York-based private equity firm with approximately $8.5 billion under management. The deal is expected to close on March 31, according to Mike Mayoras, RedPrairie CEO. The terms of the deal are not public.

“We continue to be registered with the SEC to go public and will remain so until this deal closes,” Mayoras said. “However, we have a signed agreement, and we feel comfortable that the deal will close.”

The sale comes approximately five years after RedPrairie was purchased by Francisco Partners in May 2005. Like Francisco Partners, which had a portfolio of tech companies besides RedPrairie, New Mountain Capital is also a technology and software investor, counting Deltek, a publicly traded provider of enterprise applications for project-management focused companies, among its holdings. 

According to Mayoras, a change in ownership should not affect customers. RedPrairie plans to continue rolling out new applications in the supply chain execution space. “New Mountain is not a stranger to the software space,” said Mayoras. “We expect that they will be interested in seeing us execute the strategy for growth that we have outlined, which means more applications and more of a focus on the demand-driven supply chain, from the store back through the warehouse and the factory.”

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

MHI announced the MHI 2015 Innovation and Young Professional Award winners last night at their 70th Anniversary Celebration during ProMat 2015.

Today marks the conclusion of ProMat 2015, four days of comprehensive problem solving and networking to provide solutions to the complex manufacturing and supply chain challenges faced by industry today.

With a record 155,000 square feet of exhibit space reserved by nearly 350 companies back in December 2014, Modex 2016 will continue the show’s expansion in both solution offerings and popularity.

Doosan (Booth 662) highlighted the new BR18/20SP-7 narrow aisle reach truck, its first product in the class. It also showcased its first engine, which replaced third-party engines and is now used in all Doosan products.

During Wednesday’s afternoon keynote address, Apple co-founder Steve Wozniak, affectionately known as “The Woz,” suggested the future of technology now is every bit as uncertain to him as it was 30 years ago.



© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA