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

With no fuel tax increase likely ahead of this year’s mid-term elections, trucking interests in Washington are moving to Plan B in their attempt to shore up funding for badly needed infrastructure improvements.

Crowley Maritime Corporation has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd.

To catch a rising economic tide this year, the Port of Long Beach will need to modernize and find new efficiencies to move increasing amounts of cargo at a faster pace, said experts gathered earlier this month for the Port’s 10th annual “Peak Season Forecast” at the Long Beach Convention Center.

They are an annual rite of passage, general rate increases (GRIs) in the less-than-truckload (LTL) sector of the trucking industry. But is anyone paying attention? And more importantly, is anyone actually paying these announced GRIs, this year in the 3.9 to 5.4 percent range?

Comments

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