RedPrairie finalizes SofTechnics acquisition

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.

By ·

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, 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. Contact Jeff Berman

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!

Latest Whitepaper
The Retailer’s Atlas for Omnichannel Returns
Fueled by e-commerce, the new state of retail is truly an omnichannel one, and companies will flourish or flounder based on how well their supply chain can meet customer expectations.
Download Today!
From the November 2017 Logistics Management Magazine Issue
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships into true, collaborative partnerships—and greatly strengthened its logistics and supply chain operations in the process.
34th Annual Quest for Quality Awards: 2017 Awards Dinner
Trucking Regulations: Washington U-Turns; States put hammer down
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Logistics Showcase: Rising to the same-day delivery challenge
Today’s delivery puzzles are very different than traditional DC to store or warehouse to DC puzzles. It’s not just the shorter time frame for delivery; the basic requirements are significantly different and more complex as well. In this session you'll learn how to address same day delivery challenges while also driving down costs and increasing customer satisfaction.
Register Today!
EDITORS' PICKS
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...