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

Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).

The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).

March shipments at 798,180 trailed February by 12 percent and were down 19 percent annually. For the entire first quarter, shipments were relatively flat annually, rising 0.27 percent to 2,587,988.

OCEMA says it has placed a priority on working with other stakeholders to find operational solutions that will help U.S. exporters, carriers, and marine terminals prepare for the implementation of the SOLAS Verified Gross Mass (VGM) rule.

The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA