RedPrairie acquires SofTechnics

The acquisition adds mobility-enabled store inventory and price management, intelligent store ordering, direct-store delivery and master data management to RedPrairie’s solution set.
By Modern Materials Handling Staff
January 10, 2011 - MMH Editorial

RedPrairie, a productivity solutions provider, announced today that it has finalized the acquisition of SofTechnics, a leading provider of integrated retail enterprise solutions that has been serving customers for more than 20 years. The acquisition merges the strengths of two highly complementary organizations, and provides a logical extension to RedPrairie’s E²e productivity suite.  SofTechnics’ software portfolio adds mobility-enabled store inventory and price management, intelligent store ordering, direct-store delivery and master data management to RedPrairie’s solution set.

Serving 24 of the top 75 supermarket chains in the U.S., SofTechnics is recognized as a leading provider of mobile price and inventory management solutions for grocery and general retailers.  The acquisition strengthens RedPrairie’s retail platform with proven functionality that will benefit customers with reduced operating costs from advanced store inventory and labor management planning.

“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,” said Mike Mayoras, RedPrairie’s CEO.

Guy Dille, former president of SofTechnics and now senior vice president, retail for RedPrairie, added, “Our company is proud of its successful history in retail. Joining RedPrairie allows us to draw from an even wider pool of resources to continue providing our customers with the tools for success and quality of service they have come to expect from us.”

“The SofTechnics suite of fully-integrated software solutions has helped many leading retailers manage inventory, reduce operating costs, improve business operations and dramatically increase productivity. Their experience in the retail vertical will provide a new wealth of knowledge to RedPrairie’s already-successful operations within this space,” Mayoras continued.


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



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

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in January dropped 1.2 percent to $89.3 billion.

Download our new white paper, "The ABCs of HST: Understanding the Harmonized System of Tariffs," for insights and explanations of the complex cross-border classification codes.

In today's supply chain, the only constant is change. Our white paper 'Change Your Perspective: Four Keys to Effectively Adapting to Rapid Change in the Distribution Center Environment' provides key insights on not only adapting to trends, but which trends will enable you to achieve running the warehouse of the future.

Despite great strides in mechanization and technology, many U.S. ports and terminals remain challenged by political conflicts, internecine competition, and internal communication issues.

Navis World 2015 welcomes record crowds to examine technological solutions to port congestion

Comments

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