Deal with technology-focused investment firm seen helping supply chain execution specialist accelerate growth
Waukesha, WI — April 20, 2005 — Supply chain execution specialist RedPrairie Corporation has entered into a definitive agreement to be acquired by Francisco Partners, a technology-focused private equity funds, with the stated goal of enabling RedPrairie to accelerate its rapid growth rate.
"The combination of our technology investments, acquisitions and rapid growth has significantly increased shareholder value and has brought us to an inflection point in our development that requires enhanced funding options," said RedPrairie Company Leader John Jazwiec. "This acquisition will expand our opportunities to better leverage RedPrairie's leadership position for accelerated growth, both organically and through further acquisitions."
Jazwiec said the deal would provide RedPrairie with a platform that would allow it to quickly respond to investment opportunities, customer requirements and market forces.
David Golob, general partner of Francisco Partners, commented, "We believe RedPrairie is best positioned in its industry to address market opportunities and leverage its unparalleled customer base for long-term value creation."
For more information on the latest trends in the fulfillment space, see the article "The Analyst Corner: Fulfillment & Logistics" in the October/November 2004 issue of Supply & Demand Chain Executive.
Waukesha, WI — April 20, 2005 — Supply chain execution specialist RedPrairie Corporation has entered into a definitive agreement to be acquired by Francisco Partners, a technology-focused private equity funds, with the stated goal of enabling RedPrairie to accelerate its rapid growth rate.
"The combination of our technology investments, acquisitions and rapid growth has significantly increased shareholder value and has brought us to an inflection point in our development that requires enhanced funding options," said RedPrairie Company Leader John Jazwiec. "This acquisition will expand our opportunities to better leverage RedPrairie's leadership position for accelerated growth, both organically and through further acquisitions."
Jazwiec said the deal would provide RedPrairie with a platform that would allow it to quickly respond to investment opportunities, customer requirements and market forces.
David Golob, general partner of Francisco Partners, commented, "We believe RedPrairie is best positioned in its industry to address market opportunities and leverage its unparalleled customer base for long-term value creation."
For more information on the latest trends in the fulfillment space, see the article "The Analyst Corner: Fulfillment & Logistics" in the October/November 2004 issue of Supply & Demand Chain Executive.
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