Subscribe to our free, weekly email newsletter!


RedPrairie finalizes SofTechnics acquisition

By Jeff Berman, Group News Editor
January 10, 2011

Supply chain software provider RedPrairie said it has finalized its acquisition of SofTechnics, a provider of retail enterprise services.

Financial terms of the deal were not disclosed.

Company officials said that bringing SofTechnics into the fold, with its portfolio centering on mobility-enabled Store Inventory and Price Management, Intelligent Store Ordering, Direct-Store Delivery and Master Data Management, serves as a “logical extension to RedPrairie’s E2E productivity suite, which focuses on managing end-to-end business processes for myriad sectors in retailing and manufacturing.

SofTechnics counts among its customers 24 of the top 75 U.S.-based customer chains and is known as a leading provider of mobile price and inventory management solutions for grocery and general retailers, said RedPrairie, whom added that this deal will provide RedPrairie customers with proven functionality that will benefit retailers with lower operating costs from advanced store inventory and labor management planning. SofTechnics has been in business for more than 20 years and in the retail market since 1996.

“SofTechnics will benefit from RedPrairie’s global brand recognition, large retail customer base, established corporate infrastructure, and experience in developing solutions on advanced architectures,” said Noel Goggin, General Manager, Retail, RedPrairie, in an interview. “The acquisition allows RedPrairie to further penetrate the grocery and general merchandise verticals critical to corporate growth plans and go-to-market strategies. SofTechnics offers many assets that further strengthen RedPrairie’s retail offerings including: proven functionality that complements our current solutions, a network of highly satisfied US-based retail customers, and employees who are retail subject matter experts.”

Goggin added that RedPrairie already has an established footprint in the grocery and general merchandise space. The continued functional expansion and enhancements of our retail platform widens the gap between RedPrairie and its traditional competitors, positioning the company favorably against larger, less flexible vendors.

“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,” says Mike Mayoras, RedPrairie CEO, in a statement.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Mexico's growing importance in the continental supply chain is now being recognized by North American transportation groups

Satish Jindel, president of Pittsburgh-based SJ Consulting, says that one way for LTL carriers to improve both their bottom lines and overall productivity is to get a better grasp on the cost of handling a shipment and the pricing they have for it.

Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.

With the latest round of Trans-Pacific Partnership (TPP) negotiations in Maui, Hawaii ending without a deal, U.S. supply managers may be adjusting to other global sourcing strategies.

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

Comments

Post a comment
Commenting is not available in this channel entry.


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