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
Reduce Order Processing Costs by 80%
Sales order automation software will seamlessly transform inbound emailed and printed purchase orders into electronic sales orders that can be automatically processed into your ERP system with 100% accuracy.
Download Today!
From the June 2016 Issue
In the wildly unstable ocean cargo carrier arena, three major consortia are fighting for market share, with some players simply hanging on for survival. Meanwhile, shippers may expect deployment shifts as a consequence of the Panama Canal expansion.
WMS Update: What do we need to run a WMS?
Supply Chain Software Convergence: Synchronization Realized
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Optimizing Global Transportation: How NVOCCs Can Use Technology to Operate More Profitably
Global transportation isn't getting any easier to manage, especially for non-vessel operating common carriers (NVOCCs). Faced with uncertainties like surcharges—but needing to remain competitive when bidding against other providers—NVOCCs need the right mix of historical data, data intelligence, and technology support to make quick and effective decisions. During this webcast you'll learn how Bolloré Transport & Logistics was able to streamline its global logistics and automate contract management.
Register Today!
EDITORS' PICKS
Top 50 U.S. and Global 3PLs 2016: Technology Now the Key Differentiator
Following last year’s merger and acquisition frenzy, the speed of technology implementation by the...
Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....

Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...
Port of Oakland launches smart phone apps for harbor truckers
Innovation uses Bluetooth, GPS to measure how long drivers wait for cargo