Expanded supply chain solutions provider to offer combined customer base deeper functionality across several key verticals
Milwaukee, WI — March 6, 2006 — Supply chain solutions provider RedPrairie Corp. announced today that it has completed its acquisition of MARC Global Holdings Inc. The combined company, operating under the name RedPrairie Corp., is expected to unify and support all products and services from both organizations.
Former MARC CEO Oliver Cooper will continue to serve in a leadership position within the combined organization, under the direction of RedPrairie Co. Leader John Jazwiec.
Said Jazwiec: This acquisition benefits RedPrairie and MARC customers alike. We will take advantage of the numerous solution and business synergies our companies share to better address customers' evolving supply chain challenges. As a unified organization, we offer improved support for several vertical and geographic markets, as well as a broader product footprint overall.
Jazwiec went on to say that the companies' success lies in the shared RedPrairie and MARC service approach, which is based on a customer-focused culture, dedication to excellence and product solution innovation.
The integration of MARC and RedPrairie is already underway, following a strategic 100-day integration plan, he commented. We are using this time to work closely with MARC customers, transition and integrate operations, carefully evaluate our combined solution suite, and precisely determine how through this acquisition we can drive the most benefits to our combined customer base.
According to Steve Banker, service director of Supply Chain Management at ARC Advisory Group, The combination of RedPrairie and MARC provides both companies strategic opportunities to grow and build scale. RedPrairie will leverage the MARC customer base to more deeply penetrate verticals such as Pharma and Apparel. MARC Global customers gain a financially secure parent. The combined company benefits by being able to offer its customer base additional products and the ability to better leverage R&D investments.
The combined company is expected to generate $172 million in revenue, $39 million EBITDA (earnings before interest, taxes, depreciation and amortization) in 2006, and employ 738 employees across 21 global sites.